Market Action Report
County: Montgomery
May 2016
Montgomery
Agent Name
Title
Phone
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Community Information | School District
Price Range: $1,000,000 and Up | Properties: SFH - Condo - Twn
Days On Market for Sold Properties
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 May was 135, up 57.0% from 86
days last month and up 70.9% from 79 days in May of last year.
The May 2016 DOM was at a mid level compared with May of
2015 and 2014.
3 Mo Avg
250
200
157
135
150
100
79
50
0
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 M
13
14
15
16
Selling Price per Square Foot
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 May 2016 Selling Price per Square Foot of $246 was down
1.7% from $250 last month and down 1.5% from 249 in May of
last year.
3 Mo Avg
6,200
5,200
4,200
3,200
2,200
1,200
249
226
246
200
J J A S O