Cecil Community Information
Cecil 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 81 , up 12.5 % from 72 days last month and down 20.6 % from 102 days in August of last year . The August 2017 DOM was at its lowest level compared with August of 2016 and 2015 . |
140 120 100 80 60 |
97 |
102 |
81 |
|
40 |
|
|
|
|
20 |
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|
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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 $ 131 was up 11.1 % from $ 118 last month and up 5.6 % from 124 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 93.6 % was down from 94.2 % last month and up from 90.8 % 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 2017 was 141 , down 7.2 % from 152 last month and down 2.8 % from 145 in August of last year .
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
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 |
126
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 |
|
|
|
124
Selling Price versus Listing Price Ratio
92.7 %
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 |
14 |
|
15 |
|
|
|
16 |
|
|
|
17 |
|
|
|
Inventory / New Listings / Sales |
839 810
739 667 643 647 663
Avg Selling Price divided by Avg Listing Price for sold properties during the month
701 774 793 783 755 777 750
710
649 586 571 596
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 |
14 |
|
15 |
|
|
|
|
16 |
|
|
|
|
17 |
|
|
|
620 617 609 627
90.8 %
623
606 565 542
503 461 473 510 541
3 Mo Avg
523 504 500
131
93.6 %
490 c o l d w e l l b a n k e r h o m e s . c o m | 15