MA ARCHIVED August 2017 | Page 13

Carroll Community Information

Carroll Community Information

Days On Market for Sold Properties
3 Mo Avg
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 August was 42 , down 10.6 % from 47 days last month and down 20.8 % from 53 days in August of last year . The August 2017 DOM was at its lowest level compared with August of 2016 and 2015 .
120
100
80
60
40
69
53
42
20
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 2017 Selling Price per Square Foot of $ 158 was up 6.0 % from $ 149 last month and up 11.0 % from 142 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 2017 Selling Price vs Original List Price of 97.2 % was down from 97.7 % last month and up from 95.6 % in August of last year .
0
200 190 180 170 160 150 140 130 120 110 100
100 % 98 % 96 % 94 % 92 % 90 % 88 %
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
14
15
16
17
Selling Price per Square Foot
3 Mo Avg
152
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
14
15
16
17
142
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
94.9 %
95.6 %
3 Mo Avg
158
97.2 %
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 2017 was 249 , down 6.4 % from 266 last month and up 1.2 % from 246 in August of last year .
86 %
1,200
1,000 800 600 400 200
0
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
14
15
16
17
Inventory / New Listings / Sales
1,003 979
910 820 792 792 797
866 947 992 988 968 965
909 836
766 707 701 733
807 895 896 878 817 797 748
653 595 564 525 569 616 603 641 645 600
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
14
15
16
17
c o l d w e l l b a n k e r h o m e s . c o m | 13