MA ARCHIVED December 2017 | Page 15

Cecil Community Information

Cecil Community Information

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 December was 128 , up 37.6 % from 93 days last month and up 24.3 % from 103 days in December of last year . The December 2017 DOM was at a mid level compared with December of 2016 and 2015 .
140 120 100 80 60
101 103
128
40
20
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 $ 126 was down 9.5 % from $ 140 last month and up 9.6 % from 115 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 80 , down 19.2 % from 99 last month and down 4.8 % from 84 in December of last year .
0
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
98 %
original list price . The lower the ratio is below 100 % the more of
96 %
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 92.2 % was up from 92.0 % last month and up from
94 %
92 %
91.2 % in December of last year .
90 %
88 % 86 % 84 % 82 % 80 %
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
Selling Price per Square Foot
3 Mo Avg
145
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
88.2 %
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
643 647 663
701 774 793 783
Avg Selling Price divided by Avg Listing Price for sold properties during the month
755 777 750
710
649 586 571 596 620 617 609 627 623 606 565 540
115
91.2 %
501 459 471 508 540 523 504 505 502
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
474 434
396
126
92.2 %
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