Sussex Community Information
Sussex 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 162 , up 14.9 % from 141 days last month and up 14.9 % from 141 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 $ 731 was up 34.8 % from $ 543 last month and down 7.0 % from 786 in February of last year .
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800
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Days On Market for Sold Properties
338
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Selling Price per Square Foot |
3 Mo Avg |
511
141
786
3 Mo Avg
162
731
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 89.1 % was down from 101.7 % last month and up from 82.7 % in February of last year .
300
140 % 120 % 100 % 80 % 60 %
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
88.9 % 82.7 %
3 Mo Avg
89.1 %
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 25 , up 4.2 % from 24 last month and equal to 25 in February of last year .
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Inventory / New Listings / Sales |
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147 162 164 167 169 167 172 170
157 140 139 143 151 159 158
173 184 181 184 187
175 159 160 170 195 195 192 197 203 195 195 193
171 157 155 153
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42 | c o l d w e l l b a n k e r h o m e s . c o m