CAR ARCHIVED July 2017 | Page 11

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 July was 67 , up from 0 days last month and up from 0 days in July of last year . The July 2017 DOM was at its lowest level compared with July of 2016 and 2015 .
300
250
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150
100
50
Days On Market for Sold Properties
3 Mo Avg
67
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 July 2017 Selling Price per Square Foot of $ 273 was up from $ 0 last month and up from 0 in July 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 July 2017 Selling Price vs Original List Price of 92.4 % was up from 0.0 % last month and up from 0.0 % in July of last year .
0
290 270 250 230 210 190 170 150
120 % 100 % 80 % 60 %
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S O N D
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F M A M J
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S O N D
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F M A M J
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S O N D
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F M A M J
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17
Selling Price per Square Foot
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S O N D
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F M A M J
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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
J
273
J
92.4 %
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 July 2017 was 2 , equal to 2 last month and equal to 2 in July of last year .
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15
10
0 %
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F M A M J
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A S O N D
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F M A M J
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17 17 16 16 16 16 20 20 22 22
Inventory / New Listings / Sales
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18
18
16 16 16 17 16
12 16 16 17
15 14 13 14
10 9
11 14 14 15
19
16
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16
5
0
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Coldwell Banker Global Luxury SM | 11