DORCHESTER
Community Information 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 February was 741 , up from 0 days last month and up 169.5 % from 275 days in February of last year . The February 2018 DOM was at a mid level compared with February of 2017 and 2016 .
1,400 1,200 1,000 800 600 400 200
Days On Market for Sold Properties
275
3 Mo Avg
741
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 February 2018 Selling Price per Square Foot of $ 0 was up from $ 0 last month and up from 0 in February of last year .
300 280 260 240 220 200 180 160 140 120 100
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 120 % 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 February 2018 Selling Price vs Original List Price of 78.9 % was up from 0.0 % last month and down from
80 %
90.7 % in February of last year .
60 % 40 % 20 %
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Selling Price per Square Foot |
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
90.7 %
3 Mo Avg
78.9 %
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 February 2018 was 1 , equal to 1 last month and down 50.0 % from 2 in February of last year .
0 % 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 J F 15
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Inventory / New Listings / Sales
18 16 14 12 10 8 6 4 2 0 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 J F 15
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Coldwell Banker Global Luxury ® | 19