Howard Community Information
Howard 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 May was 48 , down 17.2 % from 58 days last month and down 2.0 % from 49 days in May of last year . The May 2016 DOM was at its lowest level compared with May of 2015 and 2014 .
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 May 2016 Selling Price per Square Foot of $ 182 was up 2.0 % from $ 179 last month and down 3.9 % from 190 in May 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 May 2016 Selling Price vs Original List Price of 96.8 % was down from 97.2 % last month and down from 97.2 % in May 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 May 2016 was 506 , down 6.3 % from 540 last month and down 5.1 % from 533 in May of last year .
Days On Market for Sold Properties
90 |
|
|
|
80 |
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70 |
|
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60
50
|
52 |
49 |
48 |
40 |
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30 |
|
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20 |
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|
10 |
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0 |
|
|
|
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 A M |
13 |
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14 |
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15 |
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16 |
|
Selling Price per Square Foot |
3 Mo Avg |
200 195 190 185 180 175 170 165 160 155 150
99 % 98 % 97 % 96 % 95 % 94 % 93 % 92 %
183
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 A M |
13 |
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|
14 |
|
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|
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15 |
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|
16 |
|
190
Selling Price versus Listing Price Ratio
96.2 %
91 % |
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 A M |
13 |
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|
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14 |
|
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15 |
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16 |
|
Inventory / New Listings / Sales |
1,200
1,000 800 600 400 200
788 840 841 884 872
799
Avg Selling Price divided by Avg Listing Price for sold properties during the month
718 668 695
749 872
1,009 1,090 1,093 1,081 1,041 1,053
935
847 785 812 845
965
97.2 %
1,072 1,074 1,079 1,057 998 980
900
776
750
3 Mo Avg
3 Mo Avg
726 811
903
182
96.8 %
894
0
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 A M |
13 |
|
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|
|
14 |
|
|
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|
15 |
|
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16 |
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c o l d w e l l b a n k e r h o m e s . c o m | 25