MA ARCHIVED April 2017 | Page 47

Alexandria Community Information

Alexandria Community Information

Market Time
80
The average Days On Market ( DOM ) shows how many days the
average Property is on the market before it sells . An upward
70
trend in DOM tends to indicate a move towards more of a
Buyer ' s market , a downward trend a move towards more of a
60
Seller ' s market . The DOM for April was 28 , down 20.0 % from 35
50
days last month and down 20.0 % from 35 days in April of last
year . The April 2017 DOM was at its lowest level compared with
40
April of 2016 and 2015 .
30
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 April 2017 Selling Price vs Original List Price of 97.9 % was down from 98.4 % last month and up from 97.5 % in April 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 April 2017 was 213 , down 6.2 % from 227 last month and down 1.4 % from 216 in April of last year .
20 10
290 270 250
Days On Market for Sold Properties
0
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
J
F M A
14
15
16
17
Selling Price per Square Foot
Selling Price per Square Foot
3 Mo Avg
The Selling Price per Square Foot is a great indicator for the
direction of Property values . Since Median Sales Price and
390
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 April 2017 Selling Price per Square Foot of $ 350 was up
370
350
350
14.9 % from $ 305 last month and up 13.6 % from 308 in April of
330
last year .
310
293
308
99 % 98 % 97 % 96 % 95 % 94 % 93 % 92 %
38
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
J
F M A
14
15
16
17
Selling Price versus Listing Price Ratio
97.2 %
91 %
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
J
F M A
14
15
16
17
Inventory / New Listings / Sales
500 450 400 350 300 250 200 150 100 50 0
369 366 369
347 396 376
339
Avg Selling Price divided by Avg Listing Price for sold properties during the month
275 261 266
301
375 409 412 430 398 394 403
354
283 290 283
327
35
97.5 %
361 368 349 334
290 306 292
260
215
3 Mo Avg
3 Mo Avg
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
J
F M A
14
15
16
17
214 245
276
28
97.9 %
286 c o l d w e l l b a n k e r h o m e s . c o m | 47