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 March was 92 , down 28.1 % from 128 days last month and down 35.7 % from 143 days in March of last year . The March 2017 DOM was at its lowest level compared with March 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 March 2017 Selling Price per Square Foot of $ 99 was up 2.1 % from $ 97 last month and up 6.8 % from 92 in March 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 March 2017 Selling Price vs Original List Price of 97.9 % was down from 98.2 % last month and down from 98.5 % in March of last year .
Days On Market for Sold Properties
200 |
|
|
180 |
|
|
160 |
146 |
143 |
140 |
|
|
120 |
|
|
100 |
92 |
80 |
60 |
40 |
20 |
0 |
|
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 |
F M |
14 |
|
|
|
15 |
|
|
|
|
16 |
|
|
|
|
17 |
|
Selling Price per Square Foot |
3 Mo Avg |
100 |
99 |
95 |
89 |
92 |
90 |
|
|
85 |
|
|
80 |
|
|
75 |
|
|
70 |
|
|
65 |
|
|
60 |
|
|
55 |
|
|
50 |
|
|
100 % 98 % 96 % 94 % 92 % 90 %
|
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 |
F M |
14 |
|
|
|
15 |
|
|
|
|
16 |
|
|
|
|
17 |
|
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
96.0 %
98.5 %
3 Mo Avg
3 Mo Avg
97.9 %
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 March 2017 was 116 , up 19.6 % from 97 last month and down 23.7 % from 152 in March of last year .
88 % |
|
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 |
F M |
14 |
|
|
15 |
|
|
|
16 |
|
|
|
17 |
|
Inventory / New Listings / Sales |
450 400 350 300 250 200 150 100 50 0
413 410 403
379 352 356 331 315 306 333 320 335 333 367 357 355 352 355 337
|
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 |
F M |
14 |
|
|
|
15 |
|
|
|
|
16 |
|
|
|
|
17 |
|
315 324 341 321 328 318 326 327 310 296 311 294 285 293 306 305
284
214 | c o l d w e l l b a n k e r h o m e s . c o m