Smith Community Information | School District
Smith 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 February was 228 , down 31.3 % from 332 days last month and up 7500.0 % from 3 days in February of last year . The February 2017 DOM was at a mid level compared with February of 2016 and 2015 .
350 300 250 200 150 100
Days On Market for Sold Properties
3 Mo Avg
228
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 February 2017 Selling Price per Square Foot of $ 211 was down 75.4 % from $ 856 last month and down 2.7 % from 217 in February 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 February 2017 Selling Price vs Original List Price of 86.6 % was up from 69.6 % last month and down from 96.3 % in February of last year .
50 0
900 800 700 600 500 400 300 200 100
120 % 100 % 80 % 60 %
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Selling Price per Square Foot
Selling Price versus Listing Price Ratio
3
217 211
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Avg Selling Price divided by Avg Listing Price for sold properties during the month
96.3 %
3 Mo Avg
3 Mo Avg
86.6 %
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 February 2017 was 3 , up 50.0 % from 2 last month and down 50.0 % from 6 in February of last year .
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0 %
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22 24
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23 22 20 22
Inventory / New Listings / Sales
23 25 23 23 27 26 28 28 26 25 25 27 27 28 28 28
33 40
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40 38 40
35
30 30
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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 | 29