MA ARCHIVED February 2017 | Page 25

Howard Community Information

Howard 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 February was 79 , down 35.8 % from 123 days last month and up 17.9 % from 67 days in February of last year . The February 2017 DOM was at a mid level compared with February of 2016 and 2015 .
250
200
150
100
78
67
79
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 February 2017 Selling Price per Square Foot of $ 149 was down 36.9 % from $ 236 last month and down 36.5 % from 234 in February 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 February 2017 Selling Price vs Original List Price of 94.7 % was up from 89.0 % last month and down from 100.4 % in February of last year .
0
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Selling Price per Square Foot
3 Mo Avg
300 280 260 240 220 200 180 160 140 120 100
120 % 100 % 80 % 60 % 40 % 20 %
179
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234
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
93.3 %
100.4 %
3 Mo Avg
149
94.7 %
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 February 2017 was 15 , down 21.1 % from 19 last month and down 28.6 % from 21 in February of last year .
0 %
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Inventory / New Listings / Sales
120 100 80 60 40
83
92 113 111
99
91 92
83
74
75 69 72
82
89 99 100 94 95 95 95 91
78 72 74
82 102 97 100 104
111
96 94
80
67
59
59
20 0
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