Montgomery
MARKET ACTION REPORT
County: Montgomery
January 2016
Agent Name
Title
Phone
Website
Other
Community Information
Price Range: $1,000,000 and Up | Properties: SFH - Condo
Days On Market for Sold Properties
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 January was 65, down 36.3% from 102 days
last month and up 8.3% from 60 days in January of last
year. The January 2016 DOM was at a mid level
compared with January of 2015 and 2014.
Average Days on Market (Listing to Contract) for properties sold during the month
160
140
120
100
80
60
40
20
0
3 Mo Avg
65
60
57
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Selling Price per Square Foot
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
January 2016 Selling Price per Square Foot of $344 was
up 10.3% from $312 last month and down 4.9% from
361 in January of last year.
Average Selling Price per Square Foot for properties that sold during the month
450
430
410
390
370
350
330
310
290
270
250
3 Mo Avg
361
344
310
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Selling Price versus Listing Price Ratio
Selling Price vs Original Listing 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 January 2016 Selling Price vs Original List Price of
97.0% was up from 95.5% last month and up from
96.3% in January of last year.
100%
Avg Selling Price divided by Avg Listing Price for sold properties during the month
3 Mo Avg
99%
98%
97.0%
96.9%
97%
96.3%
96%
95%
94%
93%
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Inventory / New Listi