CAR ARCHIVED January 2017 | 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 January was 112 , up 103.6 % from 55 days last month and up 12.0 % from 100 days in January of last year . The January 2017 DOM was at a mid level compared with January of 2016 and 2015 .
350 300 250 200 150 100 50
53
100
112
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 January 2017 Selling Price per Square Foot of $ 99 was up 8.3 % from $ 91 last month and up 46.5 % from 67 in January 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 January 2017 Selling Price vs Original List Price of 92.4 % was down from 97.4 % last month and down from 95.0 % in January of last year .
0
190 170 150 130 110 90 70 50
120 % 100 % 80 % 60 %
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
J
14
15
16
17
Selling Price per Square Foot
68 67
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
J
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
93.6 % 95.0 % 92.4 %
99
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 January 2017 was 6 , down 33.3 % from 9 last month and down 57.1 % from 14 in January of last year .
120 100
0 %
80 60 40
87
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
J
14
15
16
17
95 98 95 94 93 102 97
85 89
Inventory / New Listings / Sales
74
74 82 80 80
70 77 79 79 74
66
71
54 55 58 62 65 67 68 68 65 66 62 64 63
49
20 0
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
J
14
15
16
17
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