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 332 , up from 0 days last month and up from 0 days in January of last year . The January 2017 DOM was at its lowest level compared with January of 2016 and 2015 .
350 300 250 200 150 100 50
Days On Market for Sold Properties
3 Mo Avg 332
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 $ 856 was up from $ 0 last month and up from 0 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 69.6 % was up from 0.0 % last month and up from 0.0 % in January of last year .
0
16,100 14,100 12,100 10,100 8,100 6,100 4,100 2,100
100
120 % 100 % 80 % 60 %
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Selling Price per Square Foot
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
3 Mo Avg
3 Mo Avg
856
69.6 %
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 January 2017 was 2 , up from 0 last month and down 60.0 % from 5 in January of last year .
50 45 40 35 30 25 20 15 10 5 0
0 %
20
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18 22 24
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23 22 20
Inventory / New Listings / Sales
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34 41
44
41 39 40
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31 c o l d w e l l b a n k e r h o m e s . c o m | 23