CAR ARCHIVED October 2017 | Page 24

LEXINGTON

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 October was 0 , up from 0 days last month and down 100.0 % from 392 days in October of last year . The October 2017 DOM was at a mid level compared with October of 2016 and 2015 .
700 600 500 400 300 200
Days On Market for Sold Properties
392
3 Mo Avg
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 October 2017 Selling Price per Square Foot of $ 0 was up from $ 0 last month and up from 0 in October 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 October 2017 Selling Price vs Original List Price of 100.0 % was up from 0.0 % last month and up from 86.8 % in October of last year .
100 0
250 245 240 235 230 225 220 215 210 205 200
120 % 100 % 80 % 60 % 40 % 20 %
23
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
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 Avg Selling Price divided by Avg Listing Price for sold properties during the month
87.6 % 86.8 %
3 Mo Avg
3 Mo Avg
100.0 %
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 October 2017 was 6 , up 20.0 % from 5 last month and up 20.0 % from 5 in October of last year .
60 50 40 30
0 %
48
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
39
41 44 44
48 52 51 53 52 51
Inventory / New Listings / Sales
54
53 50 48
51 55 56 55 53 54
49 51 49 47
43
42 39 41 42
45 48 50 52 50
46
20 10 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
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