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 January was 66 , down 8.3 % from 72 days last month and down 17.5 % from 80 days in January of last year . The January 2017 DOM was at its lowest 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 $ 98 was up 1.3 % from $ 97 last month and down 0.7 % from 99 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 95.0 % was down from 95.2 % last month and up from 93.3 % in January of last year .
Days On Market for Sold Properties
100 |
|
|
90 |
87 |
80 |
80 |
|
|
70 |
66 |
60 |
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 |
190 170 150 130 110 90 70 50
97 % 96 % 95 % 94 % 93 %
82
Selling Price versus Listing Price Ratio
99 98
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 |
Avg Selling Price divided by Avg Listing Price for sold properties during the month
93.5 % 93.3 %
3 Mo Avg
3 Mo Avg
95.0 %
92 % 91 %
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 322 , up 62.6 % from 198 last month and down 2.4 % from 330 in January of last year .
90 % |
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 |
1,600 1,400 1,200 1,000 800 600 400 200
0
1,178 1,247 1,299 1,246 1,294 1,406 1,373 1,282 1,219 1,110 992 968 992 1,016 1,069 1,104 1,107 1,140 1,124
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 |
1,185 1,191 1,133 1,053 1,087 1,132 1,131 1,174 1,173 1,207 1,246 1,242 1,199 1,179 1,155
1,065 1,139 c o l d w e l l b a n k e r h o m e s . c o m | 33