CAR ARCHIVED April 2016 | Page 34

Charleston Community Information | School District

Charleston Community Information | School District

Market Time
100
The average Days On Market ( DOM ) shows how many days the average Property is on the market before it sells . An upward
90
trend in DOM tends to indicate a move towards more of a
80
Buyer ' s market , a downward trend a move towards more of a
70
Seller ' s market . The DOM for April was 66 , down 10.8 % from 74 days last month and down 20.5 % from 83 days in April of last year . The April 2016 DOM was at its lowest level compared with
60
50
April of 2015 and 2014 .
40
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 $ 190 was up 3.0 % from $ 184 last month and up 4.4 % from 182 in April of last year .
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 96.0 % was up from 95.8 % last month and up from 95.5 % 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 899 , down 6.0 % from 956 last month and down 1.9 % from 916 in April of last year .
30 20 10 0
200 195 190 185 180 175 170 165 160 155 150
97 % 96 % 96 % 95 % 95 % 94 % 94 % 93 % 93 %
3,000 2,500 2,000 1,500 1,000
500
Days On Market for Sold Properties
94
M
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O N D
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F M A M
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F M A M
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F M A
13
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Selling Price per Square Foot
169
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O N D
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F M A M
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O N D
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F M A M
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13
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Selling Price versus Listing Price Ratio
95.9 %
M
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O N D
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F M A M
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F M A M
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2,677 2,692 2,750 2,709 2,686 2,667
Avg Selling Price divided by Avg Listing Price for sold properties during the month
2,636 2,450 2,451 2,517
Inventory / New Listings / Sales
2,614 2,653 2,669 2,662 2,678 2,623 2,563 2,544 2,494 2,330 2,389 2,350 2,423
83
182
95.5 %
2,385 2,408 2,464 2,513 2,449 2,497 2,390 2,297
2,125
3 Mo Avg
3 Mo Avg
3 Mo Avg
2,091 2,133 2,151
66
190
96.0 %
2,134
0
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F M A M J
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F M A M J
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