Wellington Community Information | School District
Wellington 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 October was 87 , down 12.1 % from 99 days last month and down 1.1 % from 88 days in October of last year . The October 2017 DOM was at its lowest level compared with October of 2016 and 2015 .
140 120 100 80 60 40 20
Days On Market for Sold Properties
3 Mo Avg
89 88 87
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 |
290 |
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 |
270 |
|
more normalized indicator on the direction of Property values .
The October 2017 Selling Price per Square Foot of $ 181 was
|
250 |
down 3.2 % from $ 187 last month and up 10.5 % from 163 in |
230 |
October of last year . |
210 |
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 October 2017 Selling Price vs Original List Price of 93.6 % was up from 93.3 % last month and up from 93.2 % in October of last year .
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 October 2017 was 197 , up 89.4 % from 104 last month and up 51.5 % from 130 in October of last year .
0
190 170 150
96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 %
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 M J |
J |
A |
S O |
14 |
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15 |
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16 |
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17 |
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Selling Price per Square Foot |
3 Mo Avg |
197
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 M J |
J |
A |
S O |
14 |
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15 |
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16 |
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17 |
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163
Selling Price versus Listing Price Ratio
93.1 % 93.2 %
88 % 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 M J J A S O 14 15
16 17
Inventory / New Listings / Sales
1,000 900 800 700 600 500 400 300 200 100
0
809 803 842 894 886 858
Avg Selling Price divided by Avg Listing Price for sold properties during the month
817 772 760 712 701 744 725 688
748 803 828 822 769 762 720 697
758 713 737 721 740
3 Mo Avg
794 794 781 756 760 736 727
181
93.6 %
656 680
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 M J |
J |
A S O |
14 |
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15 |
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16 |
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17 |
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c o l d w e l l b a n k e r h o m e s . c o m | 131