CAR ARCHIVED May 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 May was 208 , up 45.5 % from 143 days last month and up 13.0 % from 184 days in May of last year . The May 2016 DOM was at a mid level compared with May of 2015 and 2014 .
350 300 250 200 150
290
184
208
100
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 May 2016 Selling Price per Square Foot of $ 79 was down 28.4 % from $ 111 last month and down 14.0 % from 92 in May 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 May 2016 Selling Price vs Original List Price of 89.6 % was down from 94.2 % last month and down from 94.1 % in May 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
113
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
87.8 %
92
94.1 %
3 Mo Avg
3 Mo Avg
79
89.6 %
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 May 2016 was 14 , down 12.5 % from 16 last month and up 40.0 % from 10 in May of last year .
120 100
0 %
80 60 40
78
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79 75 78
85
94 89 89 87
95
Inventory / New Listings / Sales
98 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
20 0
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