MA ARCHIVED February 2017 | Page 47

Arlington Community Information

Arlington 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 113 , up 79.4 % from 63 days last month and up 6.6 % from 106 days in February of last year . The February 2017 DOM was at a mid level compared with February of 2016 and 2015 .
120
100
80
60
40
110
106
113
20
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 $ 348 was up 0.0 % from $ 348 last month and down 16.6 % from 418 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 95.0 % was down from 95.5 % last month and up from 94.7 % 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
Selling Price per Square Foot
3 Mo Avg
440 420 400 380 360 340 320 300
100 % 98 % 96 % 94 % 92 %
410
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
418
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
92.6 %
94.7 %
3 Mo Avg
348
95.0 %
90 %
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 70 , up 29.6 % from 54 last month and up 42.9 % from 49 in February of last year .
88 %
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
200 180 160 140 120 100 80 60 40 20 0
105
120 136 139 133 126 135 142
129
106 112 106 105
136 147 142 140 137
148
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
157
134
100 106
117
146 181 183 176 177 169 177
163
147
127 131
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