MA ARCHIVED August 2016 | Page 15

Cecil Community Information

Cecil Community Information

Market Time
160
The average Days On Market ( DOM ) shows how many days the
average Property is on the market before it sells . An upward
140
trend in DOM tends to indicate a move towards more of a
Buyer ' s market , a downward trend a move towards more of a
120
Seller ' s market . The DOM for August was 102 , up 32.5 % from 77
100
days last month and up 5.2 % from 97 days in August of last year .
The August 2016 DOM was at a mid level compared with August
80
of 2015 and 2014 .
60
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 August 2016 Selling Price per Square Foot of $ 124 was up 11.3 % from $ 111 last month and down 2.1 % from 126 in August 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 August 2016 Selling Price vs Original List Price of 90.9 % was down from 93.9 % last month and down from 92.7 % in August 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 August 2016 was 145 , down 4.0 % from 151 last month and up 6.6 % from 136 in August of last year .
40 20 0
200 190 180 170 160 150 140 130 120 110 100
96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 %
900 800 700 600 500 400 300 200 100
0
Days On Market for Sold Properties
90
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 J
J
A
13
14
15
16
Selling Price per Square Foot
3 Mo Avg
119
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 J
J
A
13
14
15
16
Selling Price versus Listing Price Ratio
91.7 %
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 J
J
A
13
14
15
16
Inventory / New Listings / Sales
720 713 724 678 678 683 708
Avg Selling Price divided by Avg Listing Price for sold properties during the month
767 814 847 827 826 839 810
739 667 643 647 663
701
97
126
92.7 %
774 793 783 755 777 749
709
3 Mo Avg
3 Mo Avg
102
124
90.9 %
649 586 571 594 617 612 603 615 596
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 J
J
A
13
14
15
16
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