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The amount of competing inventory affects a property's price.
If there is a lot of competing inventory, then pricing will be lower than if there is little competing inventory.
The report shows the number of months it will take to sell off the current inventory of active listings if the rate of sale remains constant
| Price Range | Active Listings | Sold Listings 3/19/2007 - 3/18/2008 | Months of Inventory | ||||
|---|---|---|---|---|---|---|---|
| # Listings | % Total | DOM | # Listings | % Total | DOM | ||
| $259,900 - $299,999 | 0 | 0.00% | 0 | 4 | 9.52% | 99 | 0.0 |
| $300,000 - $349,999 | 0 | 0.00% | 0 | 1 | 2.38% | 161 | 0.0 |
| $350,000 - $399,999 | 3 | 10.71% | 32 | 2 | 4.76% | 46 | 18.0 |
| $400,000 - $449,999 | 2 | 7.14% | 104 | 6 | 14.29% | 109 | 4.0 |
| $450,000 - $499,999 | 4 | 14.29% | 107 | 6 | 14.29% | 107 | 8.0 |
| $500,000 - $599,999 | 7 | 25.00% | 123 | 4 | 9.52% | 86 | 21.0 |
| $600,000 - $699,999 | 1 | 3.57% | 5 | 4 | 9.52% | 223 | 3.0 |
| $700,000 - $799,999 | 3 | 10.71% | 146 | 1 | 2.38% | 130 | 36.0 |
| $800,000 - $899,999 | 2 | 7.14% | 164 | 5 | 11.90% | 74 | 4.8 |
| $900,000 - $999,999 | 0 | 0.00% | 0 | 4 | 9.52% | 21 | 0.0 |
| $1,000,000 - $1,499,999 | 2 | 7.14% | 87 | 3 | 7.14% | 293 | 8.0 |
| $1,500,000 - $1,999,999 | 1 | 3.57% | 48 | 2 | 4.76% | 73 | 6.0 |
| $2,000,000 - $2,499,999 | 2 | 7.14% | 366 | 0 | 0.00% | 0 | no sales |
| $4,000,000 - $4,499,999 | 1 | 3.57% | 153 | 0 | 0.00% | 0 | no sales |
| 28 | 100% | 124 | 42 | 100% | 114 | 8.0 | |
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Based on activity of the past calendar year, this chart offers guidance on how long a property could take to sell in a given price range band. DOM is an abbreviation for 'Days on Market'. This data is downloaded from our regional MLS. I will be providing various market reports for Wenham during the course of 2008
wenhamPrice Range Active Listings Sold Listings
2/18/2007 - 2/17/2008Months of Inventory # Listings % Total DOM # Listings % Total DOM $225,000 - $249,999 0 0.00% 0 1 2.17% 100 0.0 $250,000 - $299,999 0 0.00% 0 4 8.70% 99 0.0 $300,000 - $349,999 0 0.00% 0 2 4.35% 148 0.0 $350,000 - $399,999 2 9.09% 74 2 4.35% 46 12.0 $400,000 - $449,999 1 4.55% 144 6 13.04% 118 2.0 $450,000 - $499,999 3 13.64% 111 7 15.22% 96 5.1 $500,000 - $599,999 6 27.27% 125 4 8.70% 86 18.0 $600,000 - $699,999 1 4.55% 14 4 8.70% 223 3.0 $700,000 - $799,999 3 13.64% 261 1 2.17% 130 36.0 $800,000 - $899,999 1 4.55% 280 5 10.87% 74 2.4 $900,000 - $999,999 0 0.00% 0 4 8.70% 21 0.0 $1,000,000 - $1,499,999 1 4.55% 114 3 6.52% 293 4.0 $1,500,000 - $1,999,999 1 4.55% 18 2 4.35% 73 6.0 $2,000,000 - $2,499,999 2 9.09% 336 0 0.00% 0 no sales $3,500,000 - $3,999,999 0 0.00% 0 1 2.17% 502 0.0 $4,000,000 - $4,499,999 1 4.55% 123 0 0.00% 0 no sales 22 100% 154 46 100% 122 5.7
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