Somerset Community Information
Somerset 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 123 , down 38.2 % from 199 days last month and down 10.2 % from 137 days in November of last year . The November 2017 DOM was at its lowest level compared with November of 2016 and 2015 . |
250
200
150
100
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Days On Market for Sold Properties
159
137
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3 Mo Avg
123
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50 |
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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 |
140 |
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 |
120 |
a more normalized indicator on the direction of Property values . |
100 |
The November 2017 Selling Price per Square Foot of $ 78 was |
down 5.2 % from $ 82 last month and up 26.6 % from 62 in |
80 |
November of last year . |
60 |
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 November 2017 Selling Price vs Original List Price of 88.5 % was up from 86.7 % last month and up from 79.9 % 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 27 , equal to 27 last month and up 50.0 % from 18 in November of last year .
0
40 20 0
100 % 90 % 80 % 70 % 60 % 50 % 40 % 30 % 20 % 10 % 0 %
350 300 250 200 150 100 50
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
247
73
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 |
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16 |
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17 |
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Selling Price versus Listing Price Ratio
84.0 %
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 Inventory / New Listings / Sales
241 237 230 247 259
275
Avg Selling Price divided by Avg Listing Price for sold properties during the month
285 292
264 249 236 209 197 205 210 218 226 234 230 236 223
203
62
79.9 %
188 176 175 179 189 202 201 209 205
3 Mo Avg
208 200 192
78
88.5 %
184
0 D J 14 15
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 |
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16 |
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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 | 35