MA ARCHIVED July 2016 | Page 37

Talbot Community Information

Talbot 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 July was 145 , up 52.6 % from 95 days last month and up 15.1 % from 126 days in July of last year . The July 2016 DOM was at a mid level compared with July of 2015 and 2014 .
250
200
150
100
160
126
145
50
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 $ 208 was up 8.1 % from $ 192 last month and up 24.8 % from 167 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 90.7 % was up from 89.7 % last month and up from 87.6 % 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 84 , down 3.4 % from 87 last month and down 9.7 % from 93 in July of last year .
0
240 220 200 180 160 140 120 100
94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 % 78 % 76 %
700 600 500 400 300 200 100
0
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O N D
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F M A M
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J
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F M A M
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J
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13
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Selling Price per Square Foot
3 Mo Avg
169 167
A
S
O N D
J
F M A M
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J
A
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O N D
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F M A M
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J
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O N D
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J
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Selling Price versus Listing Price Ratio
88.3 %
A
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O N D
J
F M A M
J
J
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O N D
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F M A M
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J
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O N D
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F M A M
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Inventory / New Listings / Sales
600 587 569
529
450 449 447
Avg Selling Price divided by Avg Listing Price for sold properties during the month
471 530 548 576 560 550 567 553
510
427 431 432
486 544 561 574
87.6 %
568 557 545 527
492
433 402 398
435
3 Mo Avg
481
208
90.7 %
514 514 511
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O N D
J
F M A M
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F M A M
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J
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