CAR ARCHIVED April 2016 | Page 38

Market Action Report

County: Dorchester

April 2016

Dorchester
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 62, down 7.5% from 67
days last month and down 11.4% from 70 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

100
90

78

80

70

70

62

60
50
40
30
20
10
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 $107 was up
2.6% from $104 last month and up 6.2% from 101 in April of last
year.

150
140
130
120
110
100
90
80
70
60
50

3 Mo Avg

107

101

94

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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
98%
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
97%
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 97.5% was up from 96.7% last month and up from 96.9% 96%
in April of last year.
95%

3 Mo Avg

Avg Selling Price divided by Avg Listing Price for sold properties during the month
96.9%

97.5%

96.9%

94%
93%
92%
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Inventory / New Listings / Sales

Inventory / New Listings / Sales

1,200

745

780

762

780

827

938

868

970

914

973

966

969

933

923

912

901

800

600

892

906

937

914

936

963

917

944

912

840

872

850

937

903

926

923

933

800

931

1,000
914

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 390, down 4.9% from 410 last month and up
4.8% from 372 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 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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