CAR ARCHIVED May 2017 | Page 21

Lincoln Community Information | School District

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 May was 55 , down 31.3 % from 80 days last month and down 33.7 % from 83 days in May of last year . The May 2017 DOM was at its lowest level compared with May of 2016 and 2015 .
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 2017 Selling Price per Square Foot of $ 127 was up 1.0 % from $ 125 last month and up 18.7 % from 107 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 2017 Selling Price vs Original List Price of 96.7 % was down from 96.8 % last month and up from 94.9 % in May of last year .
160 140 120 100 80 60 40 20 0
150 140 130 120 110 100 90 80 70 60 50
98 % 96 % 94 % 92 % 90 % 88 %
Days On Market for Sold Properties
98
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
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F M A M
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15
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Selling Price per Square Foot
113
J
J
A
S O N D
J
F M A M J
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A
S O N D
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F M A M J
J
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S O N D
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F M A M
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
83
107
94.8 % 94.9 %
3 Mo Avg
3 Mo Avg
3 Mo Avg
55
127
96.7 %
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 2017 was 151 , up 4.1 % from 145 last month and down 0.7 % from 152 in May of last year .
86 %
700 600 500 400 300 200 100
0
J
J
A S O N D
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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
J
A S O N D
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F M A M
14
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16
17
551 586 579 540 524 496 464 467 469 498
Inventory / New Listings / Sales
518 509 517 498 469 449 418 389 366
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
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A
S O N D
J
F M A M
14
15
16
17
386 385 383 398 395 403 426 406 397 371 359 347 342 355 340 350 372 c o l d w e l l b a n k e r h o m e s . c o m | 21