Burnet Community Information | School District
Burnet Community Information | School District
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 August was 122 , up 41.9 % from 86 days last month and up 96.8 % from 62 days in August of last year . The August 2016 DOM was at a mid level compared with August of 2015 and 2014 .
Selling Price per Square Foot The Selling Price per Square Foot is a great indicator for the direction of Property values . Since Median Sales Price and Average Sales price can be impacted by the ' mix ' of high or low end Properties in the market , the selling price per square foot is a more normalized indicator on the direction of Property values . The August 2016 Selling Price per Square Foot of $ 156 was up 9.1 % from $ 143 last month and down 14.9 % from 183 in August of last year .
Selling Price vs Original Listings Price 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 August 2016 Selling Price vs Original List Price of 92.9 % was down from 96.8 % last month and equal to 92.9 % in August of last year .
200 180 160 140 120 100 80 60 40 20 0
190 170 150 130 110 90 70 50
100 % 95 % 90 % 85 %
Days On Market for Sold Properties
95
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Selling Price per Square Foot
148
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
62
183
3 Mo Avg
3 Mo Avg
3 Mo Avg
93.2 % 92.9 % 92.9 %
122
156
80 % 75 %
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 market as well as the relationship between these items . The number of New Listings in August 2016 was 62 , down 3.1 % from 64 last month and up 5.1 % from 59 in August of last year .
70 %
350 300 250 200
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331 302
287 260 261 263 283 297 306 318
Inventory / New Listings / Sales
326 313
297 268 254 228 231 240 246
265 291 301 304 303
283 266 270
237 236
262 281 283 292 303 313
298
150 100 50 0
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c o l d w e l l b a n k e r h o m e s . c o m | 13