CAR ARCHIVED June 2016 | 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 June was 77 , down 63.0 % from 208 days last month and down 31.9 % from 113 days in June of last year . The June 2016 DOM was at its lowest level compared with June of 2015 and 2014 .
350 300 250 200 150
150
113
100
77
50
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 June 2016 Selling Price per Square Foot of $ 94 was up 19.1 % from $ 79 last month and up 3.9 % from 91 in June 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 June 2016 Selling Price vs Original List Price of 97.3 % was up from 89.6 % last month and up from 89.8 % in June of last year .
0
190 170 150 130 110 90 70 50
120 % 100 % 80 % 60 %
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Selling Price per Square Foot
90 91
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
91.5 % 89.8 %
3 Mo Avg
3 Mo Avg
J
94
J
97.3 %
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 June 2016 was 16 , up 14.3 % from 14 last month and down 20.0 % from 20 in June of last year .
120 100
0 %
80 60 40
79
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13
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75 78
85
94 89 89 87 95 98
Inventory / New Listings / Sales
95 94 93 102 97
85
89
74
74 82 80 80
70 77 79 79
74
67
72
55 56 59 63 66 68 68
20 0
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