CAR ARCHIVED November 2017 | Page 42

Market Action Report
County: Dorchester
November 2017
Dorchester
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: All | Properties: SFH - Con
Days On Market for Sold Properties
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 55, up 52.8% from
36 days last month and up 14.6% from 48 days in November of
last year. The November 2017 DOM was at a mid level compared
with November of 2016 and 2015.
3 Mo Avg
100
90
80
70
62
55
60
48
50
40
30
20
10
0
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Selling Price per Square Foot
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 2017 Selling Price per Square Foot of $117 was
down 0.1% from $117 last month and up 7.3% from 109 in
November of last year.
150
140
130
120
110
100
90
80
70
60
50
3 Mo Avg
117
109
103
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Selling Price versus Listing Price Ratio
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 2017 Selling Price vs Original
List Price of 98.3% was up from 97.6% last month and up from
96.8% in November of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
99%
99%
98%
98%
97%
97%
96%
96%
95%
95%
94%
94%
98.3%
97.3%
96.8%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
1,200
600
800
1,000
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 2017 was 262, down 25.4% from 351 last month
and up 24.2% from 211 in November of last year.
400
200
0
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