Heathrow Community Information | School District
Heathrow Community Information | School District
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 45 , down 75.1 % from 181 days last month and down 50.5 % from 91 days in July of last year . The July 2017 DOM was at its lowest level compared with July of 2016 and 2015 .
250
200
150
100
Days On Market for Sold Properties
89 91
3 Mo Avg
50
45
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 $ 159 was down 7.6 % from $ 172 last month and up 0.0 % from 159 in July of last year .
0
-50
200 190 180 170 160 150 140 130 120 110 100
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 105 % 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 July 2017 Selling Price vs Original List Price of 97.2 % was up from 95.7 % last month and up from 95.7 %
95 % in July of last year .
90 % 85 % 80 %
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Selling Price per Square Foot
155
Selling Price versus Listing Price Ratio
159 159
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Avg Selling Price divided by Avg Listing Price for sold properties during the month
90.3 %
95.7 %
3 Mo Avg
3 Mo Avg
J
J
97.2 %
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 July 2017 was 4 , up 33.3 % from 3 last month and up 33.3 % from 3 in July of last year .
75 %
30 25 20 15
18
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Inventory / New Listings / Sales |
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24 26 25 25 26 25 24
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17 17 18 18
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0
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c o l d w e l l b a n k e r h o m e s . c o m | 177