Community Information
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 May was 104 , down 25.2 % from 139 days last month and up 4.0 % from 100 days in May of last year . The May 2017 DOM was at a mid level compared with May of 2016 and 2015 .
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 $ 92 was down 20.1 % from $ 115 last month and up 35.5 % from 68 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 2017 Selling Price vs Original List Price of 90.4 % was equal to 90.4 % last month and up from 86.8 % in May of last year .
Days On Market for Sold Properties
200 |
180 |
160 |
137 |
140 |
|
|
120 |
100 |
104 |
100 |
|
|
80 |
|
|
60 |
|
|
40 |
|
|
20 |
|
|
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 |
14 |
|
|
|
15 |
|
|
|
|
16 |
|
|
|
|
17 |
|
Selling Price per Square Foot |
3 Mo Avg |
150 140 130 120 110 100 90 80 70 60 50
120 % 100 % 80 % 60 % 40 % 20 %
96
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 |
14 |
|
|
|
15 |
|
|
|
|
16 |
|
|
|
|
17 |
|
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
81.4 %
68
86.8 %
3 Mo Avg
3 Mo Avg
92
90.4 %
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 76 , up 55.1 % from 49 last month and up 5.6 % from 72 in May of last year .
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 |
14 |
|
|
15 |
|
|
|
16 |
|
|
|
17 |
|
Inventory / New Listings / Sales |
450 400 350 300 250 200 150 100 50 0
384 378 362 360 352 348 340 336 329 338 349 360 375 391 377 371 338 340
315
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 |
14 |
|
|
|
15 |
|
|
|
|
16 |
|
|
|
|
17 |
|
304
299 319 325 344 340 336 346 347
323
298 273 260 262 260 265 276 c o l d w e l l b a n k e r h o m e s . c o m | 19