AUS ARCHIVED June 2016 | Page 16

Bell Community Information | School District

Bell Community Information | School District

Market Time
100
The average Days On Market ( DOM ) shows how many days the average Property is on the market before it sells . An upward
90
trend in DOM tends to indicate a move towards more of a
80
Buyer ' s market , a downward trend a move towards more of a
70
Seller ' s market . The DOM for June was 75 , up 1.4 % from 74 days last month and down 3.8 % from 78 days in June of last year .
The June 2016 DOM was at its lowest level compared with June
60
50
of 2015 and 2014 .
40
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 June 2016 Selling Price per Square Foot of $ 80 was up 2.2 % from $ 78 last month and up 2.4 % from 78 in June 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 June 2016 Selling Price vs Original List Price of 96.2 % was down from 96.7 % last month and up from 95.6 % in June of last year .
30 20 10 0
100 95 90 85 80 75 70 65 60 55 50
98 % 97 % 96 % 95 % 94 % 93 % 92 %
Days On Market for Sold Properties
87
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Selling Price per Square Foot
73
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
96.2 %
78
78
95.6 %
3 Mo Avg
3 Mo Avg
3 Mo Avg
75
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80
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96.2 %
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 June 2016 was 467 , down 0.2 % from 468 last month and up 1.3 % from 461 in June of last year .
91 %
1,600 1,400 1,200 1,000 800 600 400 200
0
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1,400 1,445 1,450 1,453 1,428 1,320 1,281 1,298 1,330 1,347
Inventory / New Listings / Sales
1,316
1,362 1,297 1,288 1,255 1,293 1,289
1,211
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O N D
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F M A M J
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F M A M J
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F M A M J
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1,214 1,233 1,231 1,238 1,216 1,291 1,298 1,329 1,289 1,302 1,290 1,250 1,272 1,313 1,268 1,278 1,271
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1,231
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