Alexander Community Information | School District
Alexander 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 69 , down 38.4 % from 112 days last month and down 57.4 % from 162 days in February of last year . The February 2017 DOM was at its lowest level compared with February of 2016 and 2015 .
350 300 250 200 150 100 50
Days On Market for Sold Properties
164 162
3 Mo Avg
69
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 $ 84 was down 14.8 % from $ 99 last month and down 5.8 % from 89 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 92.1 % was down from 92.4 % last month and down from 93.5 % in February of last year .
0
150 140 130 120 110 100 90 80 70 60 50
120 % 100 % 80 % 60 % 40 % 20 %
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14 |
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15 |
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16 |
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17 |
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Selling Price per Square Foot
79
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16 |
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
90.3 %
89
3 Mo Avg
3 Mo Avg
93.5 % 92.1 %
84
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 16 , up 166.7 % from 6 last month and up 14.3 % from 14 in February of last year .
120 100
0 %
80 60 40
95
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14 |
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16 |
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17 |
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98 95 94 93 102 97
85
89
74 74
Inventory / New Listings / Sales
82 80 80
70 77 79 79 74
66
71
54 55 58 62 65 67 68 68 65 66 62 64 63
50
54
20 0
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14 |
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15 |
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16 |
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17 |
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c o l d w e l l b a n k e r h o m e s . c o m | 7