MA ARCHIVED May 2017 | Page 13

Carroll Community Information

Carroll 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 May was 59 , equal to 59 days last month and up 5.4 % from 56 days in May of last year . The May 2017 DOM was at a mid level compared with May of 2016 and 2015 .
120
100
80
60
40
88
56
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 May 2017 Selling Price per Square Foot of $ 155 was up 4.5 % from $ 149 last month and up 7.9 % from 144 in May of last year .
0
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Selling Price per Square Foot
3 Mo Avg
200 190 180 170 160 150 140 130 120 110 100
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 100 % original list price . The lower the ratio is below 100 % the more of
98 % a Buyer ' s market exists , a ratio at or above 100 % indicates more of a Seller ' s market . The May 2017 Selling Price vs Original List 96 % Price of 97.9 % was up from 97.0 % last month and up from 97.1 % in May of last year . 94 % 92 % 90 % 88 %
161
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144
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
95.5 %
97.1 %
3 Mo Avg
155
97.9 %
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 2017 was 321 , down 0.9 % from 324 last month and down 15.3 % from 379 in May of last year .
86 %
1,200
1,000 800 600 400 200
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Inventory / New Listings / Sales
924 966 990 1,003 979
910 820 792 792 797
866 947 992 988 968 965
909 836
766 707 701 733
807 895 896 878 817 797 748
652 591 559 520 560 599 569
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