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ATLANTA MARKET INTELLIGENCE | 3Q18 | FMLS AREA 23 | CONDOS
MEDIAN CDOM
MEDIAN NUMBER OF CONTINUOUS DAYS ON MARKET
- 26.7% 120
The median number of continuous days on market (CDOM) for condos in FMLS Area 23 decreased 26.7% on a yearover-year basis from 15 days in September 2017 to 11 days in September 2018.
90
60
30
0 1Q16
3Q16
1Q17
3Q17
1Q18
3Q18
Continuous Days on Market (CDOM) indicates how long it takes to sell a property. The clock starts ticking when the property is listed and stops when it goes under contract. Moreover, if a listing is withdrawn or expires and the property is re-listed within a 30-day period, CDOM captures the aggregated listing time of the property to provide an accurate representation of the actual time on market.
RATIO OF SP/OLP
RATIO OF SALE PRICE TO ORIGINAL LIST PRICE
+ 1.5%
The ratio of SP/OLP for condos in FMLS Area 23 increased 1.5% on a year-overyear basis from 98.5% in September 2017 to 100% in September 2018.
102% 100%
The ratio of Sale Price (SP) to Original List Price (OLP) represents the percentage difference between the prices at which properties are selling and the prices at which properties were originally listed. It reveals the relative negotiating power that buyers and sellers currently have in the market.
98% 96% 94% 92% 1Q16
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