Cecil Community Information
Cecil 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 November was 93 , up 36.8 % from 68 days last month and up 25.7 % from 74 days in November of last year . The November 2017 DOM was at a mid level compared with November of 2016 and 2015 . |
140 120 100 80 60 40 |
Days On Market for Sold Properties
92
74
|
3 Mo Avg
93
|
|
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 November 2017 Selling Price per Square Foot of $ 140 was up 2.4 % from $ 136 last month and up 25.1 % from 112 in November 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 November 2017 was 99 , down 4.8 % from 104 last month and down 2.9 % from 102 in November of last year .
0
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 |
98 % |
original list price . The lower the ratio is below 100 % the more of |
96 % |
a Buyer ' s market exists , a ratio at or above 100 % indicates more |
94 % |
|
of a Seller ' s market . The November 2017 Selling Price vs
Original List Price of 92.0 % was down from 92.9 % last month
|
92 % |
and down from 93.4 % in November of last year . |
90 % |
88 % |
86 % 84 % 82 % 80 %
900 800 700 600 500 400 300 200 100
0
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 J J A S O N 14 15
16 17
Selling Price per Square Foot
3 Mo Avg
D J 14 15
123
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 J |
J |
A S O N |
|
|
|
16 |
|
|
|
17 |
|
|
|
Selling Price versus Listing Price Ratio
89.4 %
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 J J A S O N 14 15
16
17 Inventory / New Listings / Sales
667
643
D J
14 15
647 663 701 774 793
Avg Selling Price divided by Avg Listing Price for sold properties during the month
783 755 777 750
710
649 586 571 596 620 617 609 627 623 606
565
112
93.4 %
540
501 459 471 508 539 521 501 502
3 Mo Avg
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 J |
J |
A S O N |
|
|
|
16 |
|
|
|
17 |
|
|
|
497 468
426
140
92.0 %
384 c o l d w e l l b a n k e r h o m e s . c o m | 15