MONTGOMERY
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 November was 120 , up 3.4 % from 116 days last month and up 34.8 % from 89 days in November of last year . The November 2017 DOM was at a mid level compared with November 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 November 2017 Selling Price per Square Foot of $ 235 was down 7.9 % from $ 255 last month and down 11.2 % from 264 in November of last year .
200 180 160 140 120 100 80 60 40 20 0
700
600
500
400
D J 14 15
Days On Market for Sold Properties
107
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 N |
|
|
|
|
16 |
|
|
|
|
17 |
|
|
|
|
Selling Price per Square Foot
89
3 Mo Avg
3 Mo Avg
120
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 November 2017 Selling Price vs Original List Price of 92.1 % was up from 86.4 % last month and up from 87.1 % in November of last year .
200
105 % 100 % 95 % 90 %
D J 14 15
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 N |
|
|
|
|
16 |
|
|
|
|
17 |
|
|
|
|
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
91.9 %
87.1 %
3 Mo Avg
92.1 %
85 % 80 %
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 November 2017 was 24 , down 22.6 % from 31 last month and up 14.3 % from 21 in November of last year .
75 %
250
200
150
100
134
D J 14 15
142 152
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 N |
|
|
|
16 |
|
|
|
17 |
|
|
|
168
186 197 206 213 206 207
Inventory / New Listings / Sales
201
197 184 175
189 200 204 211 211 207 204 198 193 180 171 169 170
191 207 217 205 203
179 170 168 165
50
0 D J 14 15
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 N |
|
|
|
|
16 |
|
|
|
|
17 |
|
|
|
|
Coldwell Banker Global Luxury SM | 17