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 November was 83 , down 59.7 % from 206 days last month and down 54.4 % from 182 days in November of last year . The November 2017 DOM was at its lowest level compared with November of 2016 and 2015 . |
300
250
200
150
100
|
Days On Market for Sold Properties
161
182
|
3 Mo Avg
83
|
|
50 |
|
|
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 down 13.4 % from $ 162 last month and down 38.1 % from 226 in November of last year .
0
250 230 210 190 170 150 130 110 90 70 50
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 a Buyer ' s market exists , a ratio at or above 100 % indicates more |
95 % |
|
of a Seller ' s market . The November 2017 Selling Price vs
Original List Price of 87.7 % was down from 89.7 % last month
|
90 % |
and up from 79.6 % in November of last year . |
85 % |
80 % 75 %
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
158
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 |
|
|
|
226
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
88.2 %
79.6 %
3 Mo Avg
140
87.7 %
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 30 , down 25.0 % from 40 last month and down 14.3 % from 35 in November of last year .
70 %
400 350 300 250 200 150 100 50 0
310
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
303
D J
14 15
308
321 347 347 352 342 350 342 328 317
292 274 276 297 297 300 299 291 279 288 275 260 233 224 236 248 255
286 267 263 267 258 257
230
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 |
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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 | 27