CAR ARCHIVED June 2016 | Page 27

Union Community Information | School District

Union 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 June was 131 , up 101.5 % from 65 days last month and up 63.8 % from 80 days in June of last year . The June 2016 DOM was at a mid level compared with June of 2015 and 2014 .
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 $ 209 was up 12.7 % from $ 186 last month and up 6.9 % from 196 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 93.4 % was down from 98.7 % last month and up from 92.1 % in June of last year .
600
500
400
300
200
100
0
-100
300 280 260 240 220 200 180 160 140 120 100
140 % 120 % 100 % 80 % 60 % 40 % 20 %
Days On Market for Sold Properties
27
J
A
S
O N D
J
F M A M J
J
A
S
O N D
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F M A M J
J
A
S
O N D
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F M A M
13
14
15
16
Selling Price per Square Foot
195 196
J
A
S
O N D
J
F M A M
J
J
A
S
O N D
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F M A M
J
J
A
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F M A M
13
14
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
80
3 Mo Avg
3 Mo Avg
3 Mo Avg
94.4 % 92.1 % 93.4 %
131
J
209
J
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 14 , down 44.0 % from 25 last month and up 27.3 % from 11 in June of last year .
80 70 60 50 40 30 20 10 0
0 %
56
J
A
S
O N D
J
F M A M J
J
A
S
O N D
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F M A M J
J
A
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O N D
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F M A M J
13
14
15
16
58 56 54 56
49 47 46 49 51 54
Inventory / New Listings / Sales
53
55
46 48 46
52
46 48 48
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 M A M
13
14
15
16
60 65 67 70 66 63
57 55
50
41 48 50
54
61 73 72
J
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