Market Action Report
September 2016
Dorchester
County: Dorchester
Agent Name
Title
Phone
Website
Other
Community Information
Price Range: All | Properties: SFH - Con
Days On Market for Sold Properties
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 115, up 42.0%
from 81 days last month and down 5.7% from 122 days in
September of last year. The September 2016 DOM was at its
lowest level compared with September of 2015 and 2014.
3 Mo Avg
300
250
200
150
122
118
115
100
50
0
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
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 $113 was
up 7.9% from $104 last month and up 19.1% from 95 in
September of last year.
150
140
130
120
110
100
90
80
70
60
50
3 Mo Avg
113
95
77
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
Selling Price vs Original Listings Price
The Selling Price vs Original Listing Price reveals the average
120%
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 100%
of a Seller's market. The September 2016 Selling Price vs
80%
Original List Price of 85.7% was down from 92.2% last month
and down from 87.5% in September of last year.
60%
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
91.0%
87.5%
85.7%
40%
20%
0%
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
Inventory / New Listings / Sales
450
342
338
331
343
337
324
318
304
299
340
315
371
338
391
377
375
360
349
338
340
336
352
348
362
360
384
378
383
382
359
338
329
250
333
300
337