Chambers Community Information | School District
Chambers 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 December was 54 , down 27.0 % from 74 days last month and down 28.0 % from 75 days in December of last year . The December 2017 DOM was at its lowest level compared with December 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 December 2017 Selling Price per Square Foot of $ 108 was up 1.7 % from $ 106 last month and up 6.7 % from 101 in December of last year .
90 80 70 60 50 40 30 20 10 0
150 140 130 120 110 100 90 80 70 60 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 102 % original list price . The lower the ratio is below 100 % the more of
100 % a Buyer ' s market exists , a ratio at or above 100 % indicates more of a Seller ' s market . The December 2017 Selling Price vs Original 98 % List Price of 96.1 % was up from 95.4 % last month and up from 93.0 % in December of last year . 96 % 94 % 92 % 90 %
Days On Market for Sold Properties
62
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15 |
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16 |
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17 |
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Selling Price per Square Foot
89
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16 |
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17 |
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
93.4 %
75
101
93.0 %
3 Mo Avg
3 Mo Avg
3 Mo Avg
54
108
96.1 %
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 December 2017 was 28 , down 50.0 % from 56 last month and down 9.7 % from 31 in December of last year .
88 %
250
200
150
100
109
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16 |
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17 |
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99 113 113
Inventory / New Listings / Sales
126
122 134 137 134 145 141 132 140 138 151 146 143
163 192
169 187
176 164 154 143 149 144
155 167 166
208 228
184 169
157
136
50
0
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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 | 11