CAR ARCHIVED November 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 November was 95 , up 75.9 % from 54 days last month and up 72.7 % from 55 days in November of last year . The November 2016 DOM was at a mid level compared with November of 2015 and 2014 .
350 300 250 200 150 100 50
93
55
95
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 November 2016 Selling Price per Square Foot of $ 101 was down 7.1 % from $ 108 last month and up 45.7 % from 69 in November 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 November 2016 Selling Price vs Original List Price of 90.7 % was down from 95.2 % last month and down from 93.4 % in November of last year .
0
190 170 150 130 110 90 70 50
120 % 100 % 80 % 60 %
D J 13 14
D J 13 14
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 J
J
A
S O N
15
16
Selling Price per Square Foot
91
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 J
J
A
S O N
15
16
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
93.4 % 93.4 %
69
3 Mo Avg
3 Mo Avg
101
90.7 %
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 November 2016 was 16 , up 6.7 % from 15 last month and up 6.7 % from 15 in November of last year .
120 100
0 %
80 60 40
D J
13 14
89 89 87
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 J
J
A S O N
15
16
95 98 95 94 93 102 97
Inventory / New Listings / Sales
85
89
74
74 82 80 80
70 77 79 79 74
66
71
54 55 58 62 65 67 68 68 65 66 62 63
20
0 D J 13 14
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 J
J
A
S O N
15
16
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