Bell Community Information | School District
Bell 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 September was 77 , up 5.5 % from 73 days last month and up 1.3 % from 76 days in September of last year . The September 2016 DOM was at a mid level compared with September 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 September 2016 Selling Price per Square Foot of $ 75 was down 1.5 % from $ 76 last month and down 2.8 % from 77 in September 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 |
98 % |
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 |
97 % |
of a Seller ' s market . The September 2016 Selling Price vs |
96 % |
Original List Price of 96.5 % was up from 95.2 % last month and up from 94.1 % in September of last year . |
95 % |
100 90 80 70 60 50 40 30 20 10 0
100 95 90 85 80 75 70 65 60 55 50
94 % 93 % 92 %
Days On Market for Sold Properties
84
Selling Price per Square Foot
Selling Price versus Listing Price Ratio
76 77
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73
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Avg Selling Price divided by Avg Listing Price for sold properties during the month
95.3 %
77
94.1 %
3 Mo Avg
3 Mo Avg
3 Mo Avg
75
96.5 %
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 September 2016 was 387 , down 8.7 % from 424 last month and up 14.2 % from 339 in September of last year .
91 %
1,600 1,400 1,200 1,000 800 600 400 200
0
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1,453
1,428 1,320 1,281 1,299 1,331 1,348 1,317 1,363 1,299
Inventory / New Listings / Sales
1,290 1,258 1,295 1,290 1,212 1,215 1,234 1,232 1,239
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1,217 1,292 1,299 1,331 1,292 1,304 1,292 1,252 1,276 1,319 1,276 1,288 1,289 1,284 1,237 1,197 1,153
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