Pace Community Information | School District
Pace 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 April was 91 , equal to 91 days last month and down 18.8 % from 112 days in April of last year . The April 2017 DOM was at its lowest level compared with April 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 April 2017 Selling Price per Square Foot of $ 97 was down 2.0 % from $ 99 last month and up 9.2 % from 89 in April of last year .
Days On Market for Sold Properties
200 |
180 |
160 |
143 |
140 |
120 |
112 |
100 |
91 |
80 |
60 |
40 |
20 |
0 |
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 |
F M A |
14 |
|
|
|
|
15 |
|
|
|
|
16 |
|
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|
17 |
|
Selling Price per Square Foot |
3 Mo Avg |
100 95 90 85 80 75 70 65 60 55 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 100 % 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 98 % of a Seller ' s market . The April 2017 Selling Price vs Original List Price of 98.1 % was up from 97.8 % last month and up from 97.4 %
96 % in April of last year .
94 % 92 % 90 %
88 89
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 |
F M A |
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
95.4 %
97.4 %
3 Mo Avg
3 Mo Avg
97
98.1 %
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 April 2017 was 116 , down 0.9 % from 117 last month and up 52.6 % from 76 in April of last year .
88 % |
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 |
F M A |
14 |
|
|
|
15 |
|
|
|
16 |
|
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|
17 |
|
Inventory / New Listings / Sales |
450 400 350 300 250 200 150 100 50 0
411 404
380 353 357 332 316 307 334 321 336 334 368 358 356 353 356 338
316
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 |
F M A |
14 |
|
|
|
|
15 |
|
|
|
|
16 |
|
|
|
|
17 |
|
325
342 322 329 319 327 328 311 299 314 301 292 299 313 321 309 294
214 | c o l d w e l l b a n k e r h o m e s . c o m