Hood Community Information | School District
Hood 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 December was 75 , down 7.4 % from 81 days last month and up 7.1 % from 70 days in December of last year . The December 2016 DOM was at a mid level compared with December of 2015 and 2014 . |
120
100
80
60
40
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88 |
70 |
75 |
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20 |
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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 December 2016 Selling Price per Square Foot of $ 111 was up 9.7 % from $ 101 last month and up 11.8 % from 99 in December of last year .
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14 |
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15 |
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16 |
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Selling Price per Square Foot |
3 Mo Avg |
150 140 130 120 110 100 90 80 70 60 50
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 98 % original list price . The lower the ratio is below 100 % the more of
96 % a Buyer ' s market exists , a ratio at or above 100 % indicates more of a Seller ' s market . The December 2016 Selling Price vs Original 94 % List Price of 93.8 % was down from 94.1 % last month and up from 93.7 % in December of last year . 92 % 90 % 88 % 86 %
87
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
91.1 %
99
3 Mo Avg
111
93.7 % 93.8 %
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 December 2016 was 86 , down 18.1 % from 105 last month and up 16.2 % from 74 in December of last year .
84 %
700 600 500 400 300 200 100
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Inventory / New Listings / Sales |
460 494
531 580 585 607 597
565
505
442
402
330 337 366 392 419 455 430 432 430 413 427
389 354 361 381 379 394 384 373 373 370 355 358 343 330
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c o l d w e l l b a n k e r h o m e s . c o m | 21