Harford Community Information
Harford 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 50 , down 24.2 % from 66 days last month and down 18.0 % from 61 days in May of last year . The May 2017 DOM was at its lowest level compared with May of 2016 and 2015 . |
120
100
80
60
40
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77 |
61 |
50 |
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20 |
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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 $ 138 was up 5.0 % from $ 132 last month and up 2.3 % from 135 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 97.2 % was up from 96.0 % last month and up from 96.5 % 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 2017 was 417 , up 9.4 % from 381 last month and up 5.6 % from 395 in May of last year .
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Selling Price per Square Foot |
3 Mo Avg |
150 145 140 135 130 125 120 115 110 105 100
98 % 97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 %
132
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135
Selling Price versus Listing Price Ratio
94.5 %
89 % |
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A S O N D |
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F M A M J |
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A S O N D |
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F M A M J |
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A S O N D |
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Inventory / New Listings / Sales |
1,400 1,200 1,000 800 600 400 200
1,269 1,251 1,237 1,294
1,233 1,115
Avg Selling Price divided by Avg Listing Price for sold properties during the month
1,025 975 971 1,031
1,152 1,219 1,255 1,222 1,204 1,165 1,119 1,044 943 906 900 968 1,018
96.5 %
1,049 1,052 1,042 986 985 949
871 754 723
3 Mo Avg
715 752 766
138
97.2 %
778
0
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F M A M J |
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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 | 23