MA ARCHIVED June 2016 | Page 29

Community Information

Montgomery

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 59 , equal to 59 days last month and up 55.3 % from 38 days in June of last year . The June 2016 DOM was at a mid level compared with June of 2015 and 2014 .
120
100
80
60
40
35
38
59
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 June 2016 Selling Price per Square Foot of $ 359 was up 13.3 % from $ 317 last month and up 2.4 % from 350 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 95.1 % was down from 96.4 % last month and down from 96.9 % in June 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 June 2016 was 204 , up 13.3 % from 180 last month and up 15.9 % from 176 in June of last year .
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450 430 410 390 370 350 330 310 290 270 250
98 % 97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 %
700 600 500 400 300 200
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Selling Price per Square Foot
3 Mo Avg
300
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
97.4 % 96.9 %
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Inventory / New Listings / Sales
393
363 435 434
345
270 277
309 381
455 533 542 487 466 541 531
419
343 328 348
428 526
564
350
566 538
494 543 527
445
350 341 366
3 Mo Avg
468 579 565
359
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95.1 %
575
100 0
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