Cobb
MARKET ACTION REPORT
County: Cobb
February 2016
Agent Name
Title
Phone
Website
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Community Information | School District
Price Range: $1,000,000 and Up | Properties: SFH - Condo
Days On Market for Sold Properties
Market Time
The average Days On Market (DOM) shows how many
days the average Property is on the market before it
sells. An upward trend in DOM tends to indicate a
move towards more of a Buyer's market, a downward
trend a move towards more of a Seller's market. The
DOM for February was 252, up 62.6% from 155 days
last month and up 203.6% from 83 days in February of
last year. The February 2016 DOM was at a mid level
compared with February of 2015 and 2014.
Average Days on Market (Listing to Contract) for properties sold during the month
400
350
300
250
200
150
100
50
0
252
75
Selling Price vs Original Listing Price
83
M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F
13
14
15
16
-101
The Selling Price vs Original Listing Price reveals the
average amount that Sellers are agreeing to come down
from their original list price. The lower the ratio is
below 100% the more of a Buyer's market exists, a ratio
at or above 100% indicates more of a Seller's market.
The February 2016 Selling Price vs Original List Price of
85.6% was down from 93.9% last month and down
from 96.6% in February of last year.
3 Mo Avg
Selling Price versus Listing Price Ratio
120%
Avg Selling Price divided by Avg Listing Price for sold properties during the month
93.2%
100%
3 Mo Avg
96.6%
85.6%
80%
60%
40%
20%
0%
M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F
13
14
15
16
Inventory / New Listings / Sales
0
New Listings
Sales
120
127
120
118
111
116
110
104
113
128
This last view of the market combines monthly
120
inventory of Properties for sale along with New Listings
100
and Sales. The graph shows the basic annual
80
seasonality of the market as well as the relationship
between these