Frederick Community Information
Frederick 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 December was 56 , up 19.1 % from 47 days last month and down 29.1 % from 79 days in December of last year . The December 2017 DOM was at its lowest level compared with December 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 December 2017 Selling Price per Square Foot of $ 141 was up 1.2 % from $ 139 last month and up 5.8 % from 133 in December 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 December 2017 Selling Price vs Original List Price of 96.5 % was down from 98.1 % last month and up from 94.6 % in December 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 December 2017 was 222 , down 34.7 % from 340 last month and down 5.1 % from 234 in December of last year .
Days On Market for Sold Properties
100 |
90 |
79 |
80 |
75 |
70 |
60 |
56 |
50 |
40 |
30 |
20 |
10 |
0 |
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 |
S O N D |
15 |
|
|
|
|
16 |
|
|
|
|
17 |
|
|
|
|
Selling Price per Square Foot |
3 Mo Avg |
150 145 140 135 130 125 120 115 110 105 100
137
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 |
S O N D |
15 |
|
|
|
|
16 |
|
|
|
|
17 |
|
|
|
|
133
Selling Price versus Listing Price Ratio
99 % |
98 % |
97 % |
96.5 % |
96 % |
|
|
95 % |
94.5 % |
94.6 % |
94 % |
|
|
93 % |
|
|
92 % |
|
|
91 % |
|
|
90 % |
|
|
89 % |
|
|
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 S O N D |
15 |
|
|
|
16 |
|
|
|
17 |
|
|
|
Inventory / New Listings / Sales |
2,000 |
1,800 |
1,600 |
1,400 |
1,200 |
1,000 |
800 |
600 |
400 |
200 |
0 |
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 S O N D |
15 |
|
|
|
16 |
|
|
|
17 |
|
|
|
1,272 1,283 1,360
1,508 1,619 1,666
Avg Selling Price divided by Avg Listing Price for sold properties during the month
1,726 1,666 1,693 1,656
1,484
1,347 1,250 1,231 1,370 1,425 1,452 1,520 1,525 1,475 1,485
1,396
1,250 1,098 1,031 1,052
1,171 1,263 1,323
3 Mo Avg
3 Mo Avg
1,374 1,374 1,325 1,346 1,305
1,182
141
981 c o l d w e l l b a n k e r h o m e s . c o m | 21