MA ARCHIVED June 2016 | Page 25

Howard Community Information

Howard 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 June was 52 , down 43.5 % from 92 days last month and down 34.2 % from 79 days in June of last year . The June 2016 DOM was at a mid level compared with June of 2015 and 2014 .
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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 June 2016 Selling Price per Square Foot of $ 235 was up 23.2 % from $ 190 last month and up 29.8 % from 181 in June 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 June 2016 Selling Price vs Original List Price of 106.8 % was up from 92.4 % last month and up from 93.9 % in June of last year .
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Selling Price per Square Foot
3 Mo Avg
300 280 260 240 220 200 180 160 140 120 100
120 % 100 % 80 % 60 % 40 % 20 %
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
101.2 % 93.9 %
3 Mo Avg
235
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106.8 %
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 June 2016 was 25 , down 13.8 % from 29 last month and down 21.9 % from 32 in June of last year .
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Inventory / New Listings / Sales
120 100 80 60
74 74 78 78 76
67 67
72 84
93 114 112
100 92 91
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88 99 100 94 95 96 95 91
78 73 75
84 104 99 102
40 20 0
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