MA ARCHIVED August 2017 | Page 27

Kent Community Information

Kent 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 142 , down 5.3 % from 150 days last month and up 6.0 % from 134 days in August of last year . The August 2017 DOM was at a mid level compared with August of 2016 and 2015 .
300
250
200
150
100
187
134
142
50
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 $ 140 was up 5.8 % from $ 133 last month and up 2.9 % from 136 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 89.7 % was down from 90.3 % last month and up from 87.2 % in August of last year .
0
250 230 210 190 170 150 130 110 90 70 50
100 % 95 % 90 % 85 % 80 % 75 %
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
153
Selling Price versus Listing Price Ratio
136 140
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
Avg Selling Price divided by Avg Listing Price for sold properties during the month
87.5 % 87.2 %
3 Mo Avg
89.7 %
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 49 , up 22.5 % from 40 last month and up 58.1 % from 31 in August of last year .
70 %
400 350 300 250 200 150 100 50 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
380 372
336 310 303 308 321 347 347 352 342 350 342 328 317
292 274 276 297 297 300 299 291 279 288 275 260 233 224 236 249 256
287 267 261 264
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
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