CAR ARCHIVED April 2016 | Page 21

Lincoln Community Information | School District

Lincoln 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 April was 104 , up 11.8 % from 93 days last month and up 2.0 % from 102 days in April of last year . The April 2016 DOM was at a mid level compared with April 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 April 2016 Selling Price per Square Foot of $ 114 was up 7.6 % from $ 106 last month and up 11.2 % from 103 in April 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 April 2016 Selling Price vs Original List Price of 94.6 % was up from 94.0 % last month and up from 93.4 % in April of last year .
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 April 2016 was 161 , up 1.3 % from 159 last month and down 4.7 % from 169 in April of last year .
160 140 120 100 80 60 40 20 0
150 140 130 120 110 100 90 80 70 60 50
97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 % 87 %
700 600 500 400 300
Days On Market for Sold Properties
106
Selling Price per Square Foot
Selling Price versus Listing Price Ratio
Inventory / New Listings / Sales
102 104
M
J
J
A
S
O N D
J
F M A M
J
J
A
S
O N D
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F M A M
J
J
A
S
O N D
J
F M A
13
14
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110
M
J
J
A
S
O N D
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F M A M
J
J
A
S
O N D
J
F M A M
J
J
A
S
O N D
J
F M A
13
14
15
16
92.3 %
M
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J
A
S
O N D
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F M A M
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S
O N D
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F M A M
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F M A
13
14
15
16
542 562 577 550 540 524 508
Avg Selling Price divided by Avg Listing Price for sold properties during the month
488
498
103
93.4 %
3 Mo Avg
3 Mo Avg
3 Mo Avg
500
500 528 526 551 586 579 540 524
496 464 467 469 498 518 509 517 498 469 449
416 387 363 381 379 373 385
114
94.6 %
200 100
0
M
J
J
A
S
O N D
J
F M A M
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J
A
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O N D
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F M A M
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J
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F M A
13
14
15
16
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