Ellis Community Information | School District
Ellis 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 January was 59 , up 11.3 % from 53 days last month and up 15.7 % from 51 days in January of last year . The January 2017 DOM was at a mid level compared with January of 2016 and 2015 .
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 January 2017 Selling Price per Square Foot of $ 105 was down 4.3 % from $ 109 last month and up 12.8 % from 93 in January 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 January 2017 Selling Price vs Original List Price of 97.2 % was down from 97.5 % last month and up from 97.0 % in January of last year .
Days On Market for Sold Properties
90 |
80 |
78 |
70 |
59 |
60 |
51 |
50 |
40 |
30 |
20 |
10 |
0 |
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 N D |
J |
14 |
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15 |
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16 |
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17 |
Selling Price per Square Foot |
3 Mo Avg |
150 140 130 120 110 100 90 80 70 60 50
99 % 98 % 97 % 96 % 95 % 94 % 93 %
84
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 N D |
J |
14 |
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15 |
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16 |
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17 |
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
95.5 %
93
97.0 %
3 Mo Avg
3 Mo Avg
105
97.2 %
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 January 2017 was 223 , up 45.8 % from 153 last month and down 3.5 % from 231 in January of last year .
92 %
700 600 500 400 300 200 100
0
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 N D |
J |
14 |
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15 |
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16 |
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17 |
Inventory / New Listings / Sales |
566 571 559 581 578 583
613
546 508
455 421 418 413 399 428 429 458
500 450 449 449 418 408 422 449 433 427 426 449 467 491 474 468
436 406 411
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 N D |
J |
14 |
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15 |
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16 |
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17 |
c o l d w e l l b a n k e r h o m e s . c o m | 17