Howard Community Information
Howard Community Information
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 April was 41 , down 24.1 % from 54 days last month and down 28.1 % from 57 days in April of last year . The April 2017 DOM was at its lowest level compared with April 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 April 2017 Selling Price per Square Foot of $ 184 was down 3.0 % from $ 189 last month and up 1.9 % from 180 in April 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 April 2017 was 458 , down 10.2 % from 510 last month and down 15.2 % from 540 in April of last year .
Days On Market for Sold Properties
90 |
|
|
80 |
|
|
70 |
|
|
60 |
57 |
57 |
50 |
41 |
40 |
30 |
20 |
10 |
0 |
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 D |
J |
F M A |
14 |
|
|
|
|
15 |
|
|
|
|
16 |
|
|
|
|
17 |
|
Selling Price per Square Foot |
3 Mo Avg |
200 195 190 185 180 175 170 165 160 155 150
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 |
99 % |
original list price . The lower the ratio is below 100 % the more of |
98 % |
a Buyer ' s market exists , a ratio at or above 100 % indicates more |
of a Seller ' s market . The April 2017 Selling Price vs Original List |
97 % |
Price of 97.8 % was up from 97.1 % last month and up from 97.2 % |
96 % |
in April of last year . |
95 % |
94 % 93 % 92 %
175
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 D |
J |
F M A |
14 |
|
|
|
|
15 |
|
|
|
|
16 |
|
|
|
|
17 |
|
180
Selling Price versus Listing Price Ratio
96.9 %
91 % |
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 D |
J |
F M A |
14 |
|
|
|
15 |
|
|
|
16 |
|
|
|
17 |
|
Inventory / New Listings / Sales |
1,200
1,000 800 600 400 200
1,009 1,090 1,093 1,082 1,042 1,054
Avg Selling Price divided by Avg Listing Price for sold properties during the month
936
848 786 813 846
966 1,073 1,075 1,081 1,060 1,001 986
907
784 763 744
833
97.2 %
942 960 1,000 1,000 985 961
880
763
3 Mo Avg
3 Mo Avg
626 599 566
667
184
97.8 %
729
0
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 D |
J |
F M A |
14 |
|
|
|
15 |
|
|
|
16 |
|
|
|
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 | 25