CAR ARCHIVED December 2016 | Page 7

Alexander Community Information | School District

Alexander 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 December was 55 , down 42.1 % from 95 days last month and down 46.6 % from 103 days in December of last year . The December 2016 DOM was at its lowest level compared with December of 2015 and 2014 .
350 300 250 200 150 100 50
129
103
55
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 $ 91 was down 9.6 % from $ 101 last month and up 47.7 % from 62 in December 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 December 2016 Selling Price vs Original List Price of 97.4 % was up from 90.7 % last month and up from 89.4 % in December of last year .
0
190 170 150 130 110 90 70 50
120 % 100 % 80 % 60 %
J
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 M J
J
A
S O N D
14
15
16
Selling Price per Square Foot
79
J
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 M J
J
A
S O N D
14
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
90.1 % 89.4 %
62
3 Mo Avg
3 Mo Avg
91
97.4 %
40 % 20 %
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 9 , down 43.8 % from 16 last month and up 200.0 % from 3 in December of last year .
120 100
0 %
80 60 40
89
J
F M A 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
14
15
16
87 95 98 95 94 93 102 97
85
Inventory / New Listings / Sales
89
74
74 82 80 80
70 77 79 79 74
66
71
54 55 58 62 65 67 68 68 65 66 62 64 61
20 0
J
F M A M J
J
A
S O N D
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F M A M J
J
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S O N D
J
F M A M J
J
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S O N D
14
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