Market Action Report
April 2016
Iredell
County: Iredell
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 87, down 11.2% from 98
days last month and down 11.2% from 98 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
120
98
100
89
87
80
60
40
20
0
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 M A
13
14
15
16
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 $107 was up
3.2% from $103 last month and down 5.1% from 112 in April of
last year.
150
140
130
120
110
100
90
80
70
60
50
3 Mo Avg
112
107
101
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 M A
13
14
15
16
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 94.8% was up from 93.8% last month and up from
94.2% in April of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
96%
95%
94.8%
94.2%
94%
93%