Talbot Community Information
Talbot 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 181 , down 10.4 % from 202 days last month and down 63.1 % from 491 days in September of last year . The September 2016 DOM was at a mid level compared with September of 2015 and 2014 . |
700 600 500 400 300 200 |
Days On Market for Sold Properties
491
|
3 Mo Avg
181
|
|
100 |
65 |
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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 $ 489 was up 58.1 % from $ 309 last month and down 20.6 % from 616 in September of last year .
0
600
500
400
300
200
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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Selling Price per Square Foot |
3 Mo Avg |
616
489
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 September 2016 Selling Price vs Original List Price of 78.6 % was down from 86.0 % last month and up from 72.8 % in September 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 September 2016 was 7 , up 16.7 % from 6 last month and down 68.2 % from 22 in September of last year .
100
100 % 90 % 80 % 70 % 60 % 50 % 40 % 30 % 20 % 10 % 0 %
160 140 120 100 80 60 40 20 0
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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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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
93.7 %
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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Inventory / New Listings / Sales |
118 105 96 100 98 103 117 116 121 118 124 126 130
115
96
86 97
116 133
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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137
150 140 139
72.8 %
139 138
123
93 85 87
115 130
143
3 Mo Avg
142 145
136
78.6 %
127 c o l d w e l l b a n k e r h o m e s . c o m | 37