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 September was 86 , down 15.7 % from 102 days last month and up 7.5 % from 80 days in September of last year . The September 2016 DOM was at a mid level compared with September of 2015 and 2014 .
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 September 2016 Selling Price per Square Foot of $ 112 was down 9.6 % from $ 124 last month and down 4.3 % from 117 in September 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 |
96 % |
original list price . The lower the ratio is below 100 % the more of |
94 % |
a Buyer ' s market exists , a ratio at or above 100 % indicates more of a Seller ' s market . The September 2016 Selling Price vs |
92 % |
Original List Price of 91.2 % was up from 90.8 % last month and |
90 % |
up from 90.6 % in September of last year . |
88 % |
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 September 2016 was 121 , down 16.6 % from 145 last month and down 30.1 % from 173 in September of last year .
160 140 120 100 80 60 40 20 0
200 190 180 170 160 150 140 130 120 110 100
86 % 84 % 82 % 80 %
900 800 700 600 500 400 300 200 100
0
Days On Market for Sold Properties
108
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 D |
J |
F M A M J |
J |
A S |
13 |
|
14 |
|
|
|
15 |
|
|
|
16 |
|
|
|
Selling Price per Square Foot |
3 Mo Avg |
129
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 D |
J |
F M A M J |
J |
A S |
13 |
|
14 |
|
|
|
15 |
|
|
|
16 |
|
|
|
Selling Price versus Listing Price Ratio
91.5 %
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 D |
J |
F M A M J |
J |
A S |
13 |
|
14 |
|
|
|
15 |
|
|
|
16 |
|
|
|
Inventory / New Listings / Sales |
713
724 678 678 683 708
767
Avg Selling Price divided by Avg Listing Price for sold properties during the month
814 847 827 826 839 810
739 667 643 647 663 701 774 793 783 755
80
117
90.6 %
777 750
710
650 587 572 596 620 616
3 Mo Avg
3 Mo Avg
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 D |
J |
F M A M J |
J |
A S |
13 |
|
14 |
|
|
|
15 |
|
|
|
16 |
|
|
|
607 623 613
86
112
91.2 %
594 c o l d w e l l b a n k e r h o m e s . c o m | 15