Lancaster Community Information | School District
Lancaster 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 December was 76 , equal to 76 days last month and down 42.0 % from 131 days in December of last year . The December 2016 DOM was at a mid level compared with December 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 December 2016 Selling Price per Square Foot of $ 95 was up 38.8 % from $ 69 last month and up 20.6 % from 79 in December of last year .
800 700 600 500 400 300 200 100
0 -100
100 90 80 70 60 50 40 30 20 10 0
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 120 % 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 100 % of a Seller ' s market . The December 2016 Selling Price vs Original List Price of 94.1 % was up from 82.4 % last month and up from
80 %
87.4 % in December of last year .
60 % 40 % 20 %
Days On Market for Sold Properties
73
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14 |
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15 |
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16 |
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131
Selling Price per Square Foot
95
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
93.1 %
79
87.4 %
3 Mo Avg
3 Mo Avg
3 Mo Avg
76
95
94.1 %
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 December 2016 was 19 , down 47.2 % from 36 last month and up 46.2 % from 13 in December of last year .
300 250 200 150 100
0 %
50
285
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280 279 276 271 277 260 266 270 279
Inventory / New Listings / Sales
255 243 255 245 231 239 221 216 206 200
166 157
143 123
105 82 74 74 79
93 103 107 115 118 122 117
0
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40 | c o l d w e l l b a n k e r h o m e s . c o m