DORCHESTER
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 March was 497 , down 32.9 % from 741 days last month and up 9840.0 % from 5 days in March of last year . The March 2018 DOM was at a mid level compared with March of 2017 and 2016 .
1,400 1,200 1,000 800 600 400
Days On Market for Sold Properties
3 Mo Avg
497
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 March 2018 Selling Price per Square Foot of $ 0 was up from $ 0 last month and down 100.0 % from 283 in March 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 March 2018 Selling Price vs Original List Price of 70.0 % was down from 78.9 % last month and down from 75.7 % in March of last year .
200 |
5 |
0 |
|
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 |
A S O N D |
J |
F M |
15 |
|
|
16 |
|
|
|
17 |
|
|
|
18 |
|
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 %
|
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 |
A |
S O N D |
J |
F M |
15 |
|
|
|
16 |
|
|
|
|
17 |
|
|
|
|
18 |
|
283
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
75.7 %
3 Mo Avg
70.0 %
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 March 2018 was 1 , equal to 1 last month and down 50.0 % from 2 in March of last year .
0 % 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 A S O N D J F M 15
16 17
18
Inventory / New Listings / Sales
18 16 14 12 10 8 6 4 2 0 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 A S O N D J F M 15
16 17
18
8 8
9
8
6 6
5 8 8
9 11
13 14
13
12
10 10
12 11
13 12
11
8 10
11
13 12 12 17 17 17
15
14 13 13
12
Coldwell Banker Global Luxury ® | 19