Kent Community Information
Kent 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 February was 0 , up from 0 days last month and down 100.0 % from 1,052 days in February of last year . The February 2017 DOM was at a mid level compared with February of 2016 and 2015 .
1,200
1,000
800
600
400
200
Days On Market for Sold Properties
1,052
3 Mo Avg
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 $ 497 was up from $ 0 last month and up from 0 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 94.5 % was up from 0.0 % last month and up from 53.3 % in February of last year .
900 800 700 600 500 400 300 200
140 % 120 % 100 % 80 % 60 %
0 |
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M
A M J
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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 |
J |
F |
14 |
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15 |
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16 |
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17 |
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Selling Price per Square Foot |
3 Mo Avg |
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M
A M J
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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 |
J |
F |
14 |
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15 |
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16 |
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17 |
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
53.3 %
3 Mo Avg
497
94.5 %
40 % 20 %
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 1 , down 50.0 % from 2 last month and equal to 1 in February of last year .
0 % 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 J F 14
15 16
17
Inventory / New Listings / Sales
40 35 30 25 20 15 10 5 0 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 J F 14
15 16
17
23 26
28
32 34 33 32
28
24
20 19 19
22
24 28 28 29 28 27
22 22
16
11
11 13 14 15 17 17 18
20 18
15 13 13 12 c o l d w e l l b a n k e r h o m e s . c o m | 27