MA ARCHIVED December 2017 | Page 35

Somerset Community Information

Somerset 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 124 , up 0.8 % from 123 days last month and down 41.8 % from 213 days in December of last year . The December 2017 DOM was at a mid level compared with December of 2016 and 2015 .
250
200
150
100
120
213
124
50
0
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F M A M J
J
A
S O N D
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F M A M J
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S O N D
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F M A M J
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15
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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
140
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
120
more normalized indicator on the direction of Property values .
The December 2017 Selling Price per Square Foot of $ 65 was
100
down 16.8 % from $ 78 last month and down 3.4 % from 67 in
80
67
65
December of last year .
60
52
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 86.7 % was down from 88.5 % last month and up from 80.4 % 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 10 , down 63.0 % from 27 last month and down 60.0 % from 25 in December of last year .
40 20 0
100 % 90 % 80 % 70 % 60 % 50 % 40 % 30 % 20 % 10 % 0 %
350 300 250 200 150 100 50
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F M A M J
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S O N D
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F M A M J
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F M A M J
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15
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Selling Price versus Listing Price Ratio
78.8 % 80.4 %
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
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A S O N D
15
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17
Inventory / New Listings / Sales
241 237 230 247 259 275 285
Avg Selling Price divided by Avg Listing Price for sold properties during the month
292
264 249 236 209 197 205 210 218 226 234 230 236 223
203 188 176 175 179 189 202 201 209 205 209
3 Mo Avg
201 194 186
86.7 %
156
0
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F M A M J
J
A
S O N D
J
F M A M J
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A
S O N D
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F M A M J
J
A
S O N D
15
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