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 74 , up 19.4 % from 62 days last month and down 50.3 % from 149 days in February of last year . The February 2017 DOM was at its lowest level compared with February of 2016 and 2015 .
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 $ 126 was down 6.2 % from $ 135 last month and up 2.0 % from 124 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 96.6 % was up from 96.3 % last month and up from 95.3 % in February of last year .
160 140 120 100 80 60 40 20 0
150 140 130 120 110 100 90 80 70 60 50
98 % 96 % 94 % 92 % 90 % 88 %
Days On Market for Sold Properties
143
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
149
Selling Price per Square Foot
95
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
124
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
92.9 %
95.3 %
3 Mo Avg
3 Mo Avg
3 Mo Avg
74
126
96.6 %
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 161 , up 14.2 % from 141 last month and up 49.1 % from 108 in February of last year .
86 %
700 600 500 400 300 200 100
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
500 528 526 551 586 579 540 524 496
464
Inventory / New Listings / Sales
467 469 498 518 509 517 498 469 449
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
417 388 365 385 384 382 397 394 402 425 406 398 372 361 351 352 354 c o l d w e l l b a n k e r h o m e s . c o m | 21