MA ARCHIVED September 2016 | Page 25

Howard Community Information

Howard 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 124 , up 138.5 % from 52 days last month and up 55.0 % from 80 days in September of last year . The September 2016 DOM was at a mid level compared with September of 2015 and 2014 .
300
250
200
150
100
Days On Market for Sold Properties
80
3 Mo Avg
124
50
19
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 $ 168 was down 9.3 % from $ 185 last month and up 4.4 % from 161 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
120 %
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
Original List Price of 101.2 % was up from 96.6 % last month and
80 %
up from 91.9 % in September of last year .
60 %
0
300 280 260 240 220 200 180 160 140 120 100
40 % 20 %
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
190
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
161
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
97.7 % 91.9 %
3 Mo Avg
168
101.2 %
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 19 , down 24.0 % from 25 last month and equal to 19 in September of last year .
120 100 80 60
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
77
75
66 66 71
83
92 113 111
99
91 92
83
74
75 69 72
82
89 99 100 94 95 96 95 91
78 72 74
82 102 97 100 105
114
100
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
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