CAR ARCHIVED April 2016 | Page 32

Berkeley Community Information | School District

Berkeley Community Information | School District

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 71 , up 16.4 % from 61 days last month and up 7.6 % from 66 days in April of last year . The April 2016 DOM was at a mid level compared with April of 2015 and 2014 .
120
100
80
60
40
Days On Market for Sold Properties
88
66
3 Mo Avg
71
20
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 97.6 % was up from 97.5 % last month and up from 97.5 % in April of last year .
Inventory / New Listings / Sales 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 414 , down 13.8 % from 480 last month and down 2.6 % from 425 in April of last year .
0
98 % 98 % 97 % 97 % 96 % 96 % 95 % 95 % 94 % 94 %
1,400 1,200 1,000 800 600
M
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O N D
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F M A M J
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F M A M J
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13
14
15
16
Selling Price versus Listing Price Ratio
95.4 %
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O N D
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F M A M J
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O N D
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F M A M J
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13
14
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1,072 1,057 1,069 1,100 1,085 1,087
Avg Selling Price divided by Avg Listing Price for sold properties during the month
1,086 1,042 1,069 1,110
97.5 %
Inventory / New Listings / Sales
1,160 1,146 1,115 1,173 1,194 1,234 1,162 1,112 1,129 1,095 1,117 1,103 1,138 1,164 1,182 1,216 1,207 1,142 1,161
1,100 1,032 958
3 Mo Avg
978 909 914
97.6 %
849
400 200
0
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S O N D
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F M A M J
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S O N D
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13
14
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16
Copyright © Coldwell Banker | Price Range : All | Property Types : SFH - Con Data is provided courtesy of Charleston Trident Association of REALTORS , Piedmont Regional Association of REALTORS 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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