CAR ARCHIVED April 2016 | Page 11

Market Action Report

County: Catawba

April 2016

Catawba
Agent Name
Title
Phone
Website
Other

Community Information | School District
Price Range: All | Properties: SFH - Con

Days On Market for Sold Properties

3 Mo Avg

Market Time

160
The average Days On Market (DOM) shows how many days the
140
average Property is on the market before it sells. An upward
trend in DOM tends to indicate a move towards more of a
120
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for April was 101, down 13.7% from
100
117 days last month and down 11.4% from 114 days in April of last
80
year. The April 2016 DOM was at its lowest level compared with
April of 2015 and 2014.
60

139
114
101

40
20
0
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Selling Price per Square Foot

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 April 2016 Selling Price per Square Foot of $110 was down
3.6% from $114 last month and up 19.1% from 92 in April of last
year.

150
140
130
120
110
100
90
80
70
60
50

3 Mo Avg

110
92

87

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Selling Price versus Listing Price Ratio

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 April 2016 Selling Price vs Original List
Price of 93.9% was down from 94.3% last month and up from
89.5% in April of last year.

3 Mo Avg

Avg Selling Price divided by Avg Listing Price for sold properties during the month

96%

93.9%

94%
92%

90.9%
89.5%

90%
88%
86%
84%
82%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

700

402

372

397

377

423

403

469

456

494

464

486

483

535

479

465

460

410

300

485

554

540

588

578

565

545

541

499

475

458

456

502

491

491

488

400

479

500

488

600

474

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 April 2016 was 135, up 8.9% from 124 last month and up
18.4% from 114 in April of last year.

200
100
0
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Copyright © Coldwell Banker | Price Range: All | Property Types: SFH - Con
Data is provided courtesy of Charlotte Regional REALTOR Association, Triad MLS, Inc. and may not reflect all relevant real estate activity. Coldwell Banker
does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.

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