Somerset Community Information
Somerset 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 up from 0 days in February of last year . The February 2017 DOM was at its lowest level compared with February of 2016 and 2015 . |
350 300 250 200 150 |
Days On Market for Sold Properties |
3 Mo Avg |
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100 |
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50 |
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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 0.0 % was up from 0.0 % last month and up from 0.0 % in February of last year .
0
70 % 60 % 50 % 40 % 30 %
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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
3 Mo Avg
20 % 10 %
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 0 , up from 0 last month and up from 0 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
8 7 6 5 4 3 2 1 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
4 4
3
4 5 5
4 4
5
6
5 5 5
6
7
5 5 5
4
3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 c o l d w e l l b a n k e r h o m e s . c o m | 35