Bell Community Information | School District
Bell Community Information | School District
Days On Market for Sold Properties |
3 Mo Avg |
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 May was 74 , down 6.3 % from 79 days last month and down 10.8 % from 83 days in May of last year . The May 2016 DOM was at its lowest level compared with May of 2015 and 2014 . |
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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 May 2016 Selling Price per Square Foot of $ 78 was up 4.0 % from $ 75 last month and down 2.2 % from 80 in May 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 May 2016 Selling Price vs Original List Price of 96.7 % was down from 96.8 % last month and down from 97.3 % in May of last year .
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98 % 97 % 96 % 95 % 94 % 93 % 92 %
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Selling Price per Square Foot
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
97.3 %
95.6 %
80
3 Mo Avg
3 Mo Avg
78
96.7 %
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 May 2016 was 470 , up 14.1 % from 412 last month and up 24.7 % from 377 in May of last year .
91 %
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1,394 1,401 1,446 1,451 1,453 1,428 1,320 1,281 1,298 1,329
Inventory / New Listings / Sales
1,347 1,316 1,362 1,297 1,288 1,254 1,292 1,288
1,210
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1,213 1,232 1,230 1,237 1,215 1,290 1,297 1,328 1,288 1,301 1,286 1,244 1,267 1,306 1,260 1,263 1,236
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