MA ARCHIVED February 2017 | Page 39

Worcester Community Information

Worcester 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 days in February of last year . The February 2017 DOM was at a mid level compared with February 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 February 2017 Selling Price per Square Foot of $ 0 was up from $ 0 last month and down 100.0 % from 292 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 0.0 % was up from 0.0 % last month and down from 91.4 % in February of last year .
700 600 500 400 300
Days On Market for Sold Properties
200
111
100
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
Selling Price per Square Foot
3 Mo Avg
1,550 1,350 1,150 950 750 550 350 150
120 % 100 % 80 % 60 %
400
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
292
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
80.2 %
91.4 %
3 Mo Avg
3 Mo Avg
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 5 , up 150.0 % from 2 last month and down 16.7 % from 6 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
50 45 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
38
34
33 37 36
42 47 47
43
40
38 41 43
38 41
38 42 42 43 43
37
29
29 32 30
27
24 25
30
33
30 31 30 30
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