Montgomery Community Information | School District
Montgomery Community Information | School District
Market Time |
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The average Days On Market ( DOM ) shows how many days the |
average Property is on the market before it sells . An upward |
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trend in DOM tends to indicate a move towards more of a
Buyer ' s market , a downward trend a move towards more of a
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Seller ' s market . The DOM for February was 76 , up 13.4 % from |
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67 days last month and up 5.6 % from 72 days in February of last |
year . The February 2017 DOM was at a mid level compared with |
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February of 2016 and 2015 . |
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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 February 2017 Selling Price per Square Foot of $ 113 was up 2.2 % from $ 111 last month and up 6.0 % from 107 in February 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 February 2017 Selling Price vs Original List Price of 94.9 % was up from 94.4 % last month and up from 94.1 % in February 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 February 2017 was 1,337 , up 8.2 % from 1,236 last month and up 4.0 % from 1,286 in February of last year .
20 10 0
150 145 140 135 130 125 120 115 110 105 100
97 % 97 % 96 % 96 % 95 % 95 % 94 % 94 % 93 % 93 % 92 %
4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000
500 0
Days On Market for Sold Properties
64
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Selling Price per Square Foot
109
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Selling Price versus Listing Price Ratio
95.3 %
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2,503 2,651 2,780 2,879 2,960 2,869
Avg Selling Price divided by Avg Listing Price for sold properties during the month
2,787 2,772 2,756 2,629
Inventory / New Listings / Sales
2,669 2,880 3,021 3,216 3,307
3,503 3,792 3,756
72
107
94.1 %
3 Mo Avg
3 Mo Avg
3 Mo Avg
76
113
94.9 %
3,795 3,795 3,702 3,491 3,506 3,606 3,806 3,901 3,964 4,051 4,079 4,014 4,022 3,912 3,845 3,633 3,565 3,593
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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 | 25