MA ARCHIVED October 2016 | Page 51

Clarke Community Information

Clarke 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 75 , up 44.2 % from 52 days last month and down 39.5 % from 124 days in October of last year . The October 2016 DOM was at its lowest level compared with October of 2015 and 2014 .
250
200
150
100
89
124
75
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
240
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
220
more normalized indicator on the direction of Property values .
The October 2016 Selling Price per Square Foot of $ 143 was up
200
15.3 % from $ 124 last month and down 0.4 % from 144 in October
180
of last year .
160
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 92.9 % was down from 94.7 % last month and up from 88.3 % in October 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 October 2016 was 19 , down 24.0 % from 25 last month and equal to 19 in October of last year .
0
140 120 100
100 % 98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 % 78 %
180 160 140 120 100 80 60 40 20 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
13
14
15
16
Selling Price per Square Foot
3 Mo Avg
177
Selling Price versus Listing Price Ratio
144 143
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
13
14
15
16
92.1 %
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
13
14
15
16
Inventory / New Listings / Sales
114 100 101 100 102
122 140
Avg Selling Price divided by Avg Listing Price for sold properties during the month
151 146 144 135 129
114 106 101
87
103 131 134
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
13
14
15
16
155 160 159 155
88.3 %
138 128
119 107 110 118 119 120 119
3 Mo Avg
124 127 120
92.9 %
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