Howard Community Information
Howard 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 July was 43 , up 19.4 % from 36 days last month and down 2.3 % from 44 days in July of last year . The July 2016 DOM was at its lowest level compared with July of 2015 and 2014 .
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 July 2016 Selling Price per Square Foot of $ 182 was down 4.4 % from $ 190 last month and up 4.2 % from 174 in July 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 July 2016 Selling Price vs Original List Price of 96.5 % was down from 98.2 % last month and down from 96.8 % in July of last year .
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 July 2016 was 403 , down 16.4 % from 482 last month and down 4.3 % from 421 in July of last year .
Days On Market for Sold Properties
90 |
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80 |
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70 |
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60 |
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50 |
46 |
44 |
43 |
40 |
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30 |
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20 |
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10 |
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0 |
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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 M A M |
J |
J |
13 |
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14 |
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15 |
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16 |
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Selling Price per Square Foot |
3 Mo Avg |
200 195 190 185 180 175 170 165 160 155 150
99 % 98 % 97 % 96 % 95 % 94 % 93 % 92 %
180
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 M A M |
J |
J |
13 |
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14 |
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15 |
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16 |
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174
Selling Price versus Listing Price Ratio
96.3 %
91 % |
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 M A M |
J |
J |
13 |
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14 |
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15 |
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16 |
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Inventory / New Listings / Sales |
1,200
1,000 800 600 400 200
841 884 872
799 718
668
Avg Selling Price divided by Avg Listing Price for sold properties during the month
695 749
872
1,009 1,090 1,093 1,082 1,042 1,054
936
848 786 813 846
966 1,073 1,075
96.8 %
1,081
1,060 1,001 983
903
780 756 736
823
3 Mo Avg
3 Mo Avg
927 937 968
182
96.5 %
927
0
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 M A M J |
13 |
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14 |
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15 |
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16 |
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J
c o l d w e l l b a n k e r h o m e s . c o m | 25