CAR ARCHIVED February 2017 | 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 February was 108 , up 1.9 % from 106 days last month and up from 0 days in February of last year . The February 2017 DOM was at its lowest level compared with February of 2016 and 2015 .
300
250
200
150
100
50
Days On Market for Sold Properties
3 Mo Avg
108
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 February 2017 Selling Price per Square Foot of $ 289 was up 25.3 % from $ 231 last month and up from 0 in February 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 February 2017 Selling Price vs Original List Price of 91.9 % was up from 85.4 % last month and up from 0.0 % in February of last year .
0
290 270 250 230 210 190 170 150
120 % 100 % 80 % 60 %
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
J
F
14
15
16
17
Selling Price per Square Foot
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
J
F
14
15
16
17
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
3 Mo Avg
3 Mo Avg
289
91.9 %
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 February 2017 was 4 , up 33.3 % from 3 last month and up 300.0 % from 1 in February of last year .
25
20
15
10
0 %
13
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
J
F
14
15
16
17
16
15 17 16 17 17 17 16 16 16
Inventory / New Listings / Sales
16 20 20 22 22 21
18
18
16 16 16 17 16
12 16 16 17
15 14 13 14
10 9
11
15
5
0
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
J
F
14
15
16
17
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