MA ARCHIVED June 2016 | Page 35

Somerset Community Information

Somerset 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 June was 0 , up from 0 days last month and up from 0 days in June of last year . The June 2016 DOM was at its lowest level compared with June of 2015 and 2014 .
350 300 250 200 150
Days On Market for Sold Properties
3 Mo Avg
100
50
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 0.0 % was up from 0.0 % last month and up from 0.0 % in June of last year .
0
70 % 60 % 50 % 40 % 30 %
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
3 Mo Avg
20 % 10 %
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 0 , up from 0 last month and up from 0 in June of last year .
0 %
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13
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Inventory / New Listings / Sales
8 7 6 5 4 3 2 1 0
2 5
6
5 5 5 5
4 4 4
3
4 5 5
4 4
5 6
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13
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5 5 5
6
7
5 5 5
4
3 3 3 3 3 3 3 3 3
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