Lake County Community Information | School District
Lake County Community Information | School District
Days On Market for Sold Properties |
3 Mo Avg |
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 July was 56 , down 5.1 % from 59 days last month and down 18.8 % from 69 days in July of last year . The July 2017 DOM was at its lowest level compared with July of 2016 and 2015 . |
120
100
80
60
40
|
79 |
69 |
56 |
|
20 |
|
|
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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 July 2017 Selling Price per Square Foot of $ 117 was up 1.3 % from $ 116 last month and up 9.3 % from 107 in July 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 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 July 2017 Selling Price vs Original List Price of 96.1 % was up from 95.8 % last month and up from 95.4 % in July 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 July 2017 was 729 , down 12.2 % from 830 last month and up 13.4 % from 643 in July of last year .
0
150 140 130 120 110 100 90 80 70 60 50
97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 % 87 %
3,000 2,500 2,000 1,500 1,000
500
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 O N D |
J |
F M A M J |
14 |
|
15 |
|
|
|
|
16 |
|
|
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|
17 |
|
Selling Price per Square Foot |
3 Mo Avg |
96
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 O N D |
J |
F M A M J |
14 |
|
15 |
|
|
|
|
16 |
|
|
|
|
17 |
|
107
Selling Price versus Listing Price Ratio
94.2 %
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 O N D |
J |
F M A M J |
14 |
|
15 |
|
|
|
16 |
|
|
|
17 |
|
Inventory / New Listings / Sales |
2,779 2,846 2,853 2,807 2,737 2,709
Avg Selling Price divided by Avg Listing Price for sold properties during the month
2,614 2,540 2,489 2,445 2,376 2,339 2,283 2,322 2,333 2,366 2,279 2,307 2,296 2,277 2,172 2,065 2,067
95.4 %
1,944 2,025 2,093 2,132 2,113 2,037 2,015 1,952 1,871
3 Mo Avg
1,850 1,870 1,902
J
117
J
96.1 %
J
1,820
0
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 O N D |
J |
F M A M J |
14 |
|
15 |
|
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|
16 |
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|
17 |
|
J
c o l d w e l l b a n k e r h o m e s . c o m | 163