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 May was 100 , down 9.1 % from 110 days last month and up 13.6 % from 88 days in May of last year . The May 2016 DOM was at a mid level compared with May 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 May 2016 Selling Price per Square Foot of $ 181 was up 29.3 % from $ 140 last month and up 16.1 % from 156 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 94.7 % was up from 93.7 % last month and up from 92.7 % in May 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
152
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Selling Price per Square Foot
182
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
88
156
92.6 % 92.7 %
3 Mo Avg
3 Mo Avg
3 Mo Avg
100
181
94.7 %
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 May 2016 was 75 , up 23.0 % from 61 last month and down 2.6 % from 77 in May of last year .
70 %
350 300 250 200
331
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332 331 331
302
287 260 261 263
Inventory / New Listings / Sales
283 297 306 318 326 313
297 268
254 228 231 240 245
264 290 300 304 303
283 266 270
237 236
262 280 280 288
150 100 50 0
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18 | c o l d w e l l b a n k e r h o m e s . c o m