Market Action Report
October 2017
UNION
County: Union
Agent Name
Title
Phone
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Community Information | School District
Price Range: $1,000,000 and Up | 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 October was 73, down 2.7% from
75 days last month and down 5.2% from 77 days in October of
last year. The October 2017 DOM was at its lowest level
compared with October of 2016 and 2015.
3 Mo Avg
250
200
150
106
100
77
73
50
0
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 J J A S O
14
15
16
17
Selling Price per Square Foot
Selling Price per Square Foot
The Selling Price per Square Foot is a great indicator for the
400
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 350
more normalized indicator on the direction of Property values.
The October 2017 Selling Price per Square Foot of $231 was up
300
35.2% from $171 last month and up 7.2% from 215 in October of
last year.
250
3 Mo Avg
231
215
200
180
150
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 J J A S O
14
15
16
17
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 October 2017 Selling Price vs Original
List Price