CAR ARCHIVED April 2016 | Page 13

Market Action Report

County: Davidson

April 2016

Davidson
Agent Name
Title
Phone
Website
Other

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

Days On Market for Sold Properties
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 April was 122, down 6.2% from
130 days last month and down 4.7% from 128 days in April of
last year. The April 2016 DOM was at its lowest level compared
with April of 2015 and 2014.

3 Mo Avg

160
135

140

128

122

120
100
80
60
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
100
direction of Property values. Since Median Sales Price and
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Average Sales price can be impacted by the 'mix' of high or low
90
end Properties in the market, the selling price per square foot is a
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more normalized indicator on the direction of Property values.
The April 2016 Selling Price per Square Foot of $92 was up
80
12.9% from $81 last month and up 21.8% from 76 in April of last
75
year.
70
65
60
55
50

3 Mo Avg
92

76
67

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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 91.8% was down from 92.1% last month and up from
90.6% in April of last year.

3 Mo Avg

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

94%

91.8%

92%

90.6%

90%
88%

86.1%

86%
84%
82%
80%
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Inventory / New Listings / Sales

Inventory / New Listings / Sales

805

747

756

711

829

945

890

970

966

996

984

961

920

941

1,060

896

786

600

958

1,139

1,111

1,192

1,188

1,177

1,152

1,134

1,115

1,098

1,084

1,199

1,179

1,237

1,071

800

1,197

1,000

1,177

1,200

1,205

1,400

1,141

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 236, up 2.6% from 230 last month and down
1.7% from 240 in April of last year.

400
200
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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