MA ARCHIVED April 2017 | Page 51

Clarke Community Information

Clarke 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 80 , down 48.7 % from 156 days last month and down 32.8 % from 119 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 $ 140 was down 1.5 % from $ 142 last month and down 7.4 % from 151 in April 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 April 2017 Selling Price vs Original List Price of 94.9 % was up from 92.8 % last month and up from 92.6 % 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 31 , down 11.4 % from 35 last month and down 11.4 % from 35 in April of last year .
180 160 140 120 100 80 60 40 20 0
240 220 200 180 160 140 120 100
98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 %
180 160 140 120 100 80 60 40 20 0
Days On Market for Sold Properties
139
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
140
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 versus Listing Price Ratio
93.3 %
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
140 151 146 144 135 129
114
Avg Selling Price divided by Avg Listing Price for sold properties during the month
106 101
87
103 131 134 155 160 159 155
138 129
120 108 111
119
119
151
92.6 %
120 121 120 125 128 122
102 91
77
3 Mo Avg
3 Mo Avg
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
78 70
85
80
140
94.9 %
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