Community Information
Montgomery
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 , up 12.9 % from 70 days last month and down 16.8 % from 95 days in February of last year . The February 2017 DOM was at its lowest level compared with February of 2016 and 2015 . |
120
100
80
60
40
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89 |
95 |
79 |
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20 |
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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 February 2017 Selling Price per Square Foot of $ 377 was down 4.5 % from $ 395 last month and down 6.9 % from 405 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 95.2 % was up from 93.5 % last month and up from 93.1 % in February 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 February 2017 was 181 , up 26.6 % from 143 last month and up 39.2 % from 130 in February of last year .
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A M J
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S O N D |
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F M A M J |
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F M A M J |
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14 |
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15 |
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Selling Price per Square Foot |
3 Mo Avg |
450 430 410 390 370 350 330 310 290 270 250
100 % 99 % 98 % 97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 %
700 600 500 400 300 200 100
324
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A M J
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F M A M J |
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Selling Price versus Listing Price Ratio
95.3 %
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A M J
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A S O N D |
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F M A M J |
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A S O N D |
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F M A M J |
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A S O N D |
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14 |
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Inventory / New Listings / Sales |
379
452 530 540 486 465
540
Avg Selling Price divided by Avg Listing Price for sold properties during the month
530
419
343 328 348
427
526 564 566 538
495 543 526
444
349
339
405
93.1 %
365
464 573 555 564
525
488 547 536
3 Mo Avg
490
424
427
377
95.2 %
439
0
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S O N D |
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F M A M J |
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F M A M J |
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S O N D |
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14 |
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c o l d w e l l b a n k e r h o m e s . c o m | 29