MA ARCHIVED October 2016 | Page 13

Carroll Community Information

Carroll 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 October was 66 , up 11.9 % from 59 days last month and down 12.0 % from 75 days in October of last year . The October 2016 DOM was at its lowest level compared with October of 2015 and 2014 .
120
100
80
60
40
79
75
66
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 October 2016 Selling Price per Square Foot of $ 145 was down 1.5 % from $ 147 last month and up 3.2 % from 140 in October 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 October 2016 Selling Price vs Original List Price of 94.5 % was down from 95.8 % last month and down from 94.6 % in October of last year .
0
200 190 180 170 160 150 140 130 120 110 100
98 % 96 % 94 % 92 % 90 % 88 %
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 J
J
A
S O
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Selling Price per Square Foot
3 Mo Avg
142 140
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 J
J
A
S O
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14
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
94.0 %
3 Mo Avg
145
94.6 % 94.5 %
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 October 2016 was 197 , down 17.6 % from 239 last month and down 14.0 % from 229 in October of last year .
86 %
1,200
1,000 800 600 400
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 J
J
A S O
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Inventory / New Listings / Sales
722 663 641 620
679 756
861 924 966 990 1,003 979
910 820 792 792 797
866 947 992 988 968 965
909 836
765 706 700 730
803 890 889 864 797 773
709
200 0
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 J
J
A S O
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