ATL ARCHIVED February 2016 | Page 21

Fulton MARKET ACTION REPORT County: Fulton February 2016 Agent Name Title Phone Website Other 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 130, up 8.3% from 120 days last month and up 23.8% from 105 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 160 140 120 100 80 60 40 20 0 116 Selling Price vs Original Listing Price 130 105 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 95.7% was up from 95.2% last month and up from 95.4% in February of last year. 3 Mo Avg Selling Price versus Listing Price Ratio 97% Avg Selling Price divided by Avg Listing Price for sold properties during the month 95.4% 96% 3 Mo Avg 95.7% 95.4% 95% 94% 93% 92% 91% 90% 89% 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 This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the m