Kent Community Information
Kent 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 156 , down 22.8 % from 202 days last month and down 1.3 % from 158 days in May of last year . The May 2016 DOM was at its lowest level compared with May of 2015 and 2014 .
350 300 250 200 150 100 50
Days On Market for Sold Properties
3 Mo Avg
203
158 156
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 $ 117 was up 12.4 % from $ 104 last month and down 12.3 % from 133 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 89.7 % was up from 86.3 % last month and up from 87.3 % 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 44 , down 21.4 % from 56 last month and down 8.3 % from 48 in May of last year .
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Selling Price per Square Foot |
3 Mo Avg |
250 230 210 190 170 150 130 110 90 70 50
100 % 90 % 80 % 70 % 60 % 50 % 40 % 30 % 20 % 10 % 0 %
450 400 350 300 250 200 150 100 50 0
215
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Selling Price versus Listing Price Ratio
84.0 %
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F M A M J |
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F M A M J |
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Inventory / New Listings / Sales |
369
Avg Selling Price divided by Avg Listing Price for sold properties during the month
365 365 376
352 332 315 306 313
337 366 381 381 388 379 380 372
336 310 303 308 321 347 347 352 342 349 341 327 316
291 273 274 293 290 291
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F M A M |
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15 |
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16 |
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133
87.3 %
3 Mo Avg
117
89.7 %
c o l d w e l l b a n k e r h o m e s . c o m | 27