Wellington Community Information | School District
Wellington 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 December was 62 , down 27.9 % from 86 days last month and down 19.5 % from 77 days in December of last year . The December 2017 DOM was at its lowest level compared with December of 2016 and 2015 . |
120
100
80
60
40
|
Days On Market for Sold Properties
79 77
|
3 Mo Avg
62
|
|
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 December 2017 Selling Price per Square Foot of $ 196 was up 1.8 % from $ 193 last month and up 10.4 % from 178 in December 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 December 2017 Selling Price vs Original List Price of 93.8 % was up from 92.8 % last month and up from 93.0 % in December 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 December 2017 was 118 , down 15.1 % from 139 last month and down 16.9 % from 142 in December of last year .
0
290 270 250 230 210 190 170 150
96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 %
900 800 700 600 500 400 300 200 100
0
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 O N D |
15 |
|
|
|
16 |
|
|
|
17 |
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|
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Selling Price per Square Foot |
3 Mo Avg |
200
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 O N D |
15 |
|
|
|
16 |
|
|
|
17 |
|
|
|
Selling Price versus Listing Price Ratio
93.5 %
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 O N D |
15 |
|
|
|
16 |
|
|
|
17 |
|
|
|
Inventory / New Listings / Sales |
787 821 814 792 758 720 710
Avg Selling Price divided by Avg Listing Price for sold properties during the month
672 686 692 699 669 700 756 767 746 728 713 683 666 709 691 715
178
93.0 %
695 722 756 751 744 726 721 721 699
3 Mo Avg
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 O N D |
15 |
|
|
|
16 |
|
|
|
17 |
|
|
|
668 677 657
196
93.8 %
644 c o l d w e l l b a n k e r h o m e s . c o m | 131