Frederick Community Information
Frederick 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 62 , up 6.9 % from 58 days last month and equal to 62 days in September of last year . The September 2016 DOM was at its lowest 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 $ 137 was down 1.8 % from $ 139 last month and up 3.8 % from 132 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 |
98 % |
original list price . The lower the ratio is below 100 % the more of |
97 % |
a Buyer ' s market exists , a ratio at or above 100 % indicates more of a Seller ' s market . The September 2016 Selling Price vs |
96 % |
Original List Price of 95.9 % was down from 96.2 % last month |
95 % |
and up from 94.7 % in September of last year . |
94 % |
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 451 , down 3.0 % from 465 last month and down 10.0 % from 501 in September of last year .
100 90 80 70 60 50 40 30 20 10 0
150 145 140 135 130 125 120 115 110 105 100
93 % 92 % 91 % 90 %
2,000 1,800 1,600 1,400 1,200 1,000 800 600 400 200
0
Days On Market for Sold Properties
64 62 62
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 |
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15 |
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16 |
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Selling Price per Square Foot |
3 Mo Avg |
124
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 |
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14 |
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15 |
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16 |
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132
Selling Price versus Listing Price Ratio
95.5 %
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 |
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|
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15 |
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16 |
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Inventory / New Listings / Sales |
1,332
1,263 1,159 1,118 1,119
1,253
Avg Selling Price divided by Avg Listing Price for sold properties during the month
1,433
1,535 1,641 1,680 1,683 1,629 1,580
1,462
1,358 1,272 1,283 1,360
1,508 1,619 1,666 1,726 1,665
94.7 %
1,692 1,655
1,482
1,346 1,248 1,227 1,363 1,416 1,439
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 |
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14 |
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15 |
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16 |
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1,501 1,497 1,429
137
95.9 %
1,406 c o l d w e l l b a n k e r h o m e s . c o m | 21