CAR ARCHIVED April 2016 | Page 40

Market Action Report

County: Lancaster

April 2016

Lancaster
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 0, down 100.0% from
134 days last month and down 100.0% from 104 days in April of
last year. The April 2016 DOM was at a mid level compared with
April of 2015 and 2014.

3 Mo Avg

160
140
117

120

104

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
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 $0 was down
100.0% from $74 last month and down 100.0% from 87 in April
of last year.

150
140
130
120
110
100
90
80
70
60
50

3 Mo Avg

87
78

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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 0.0% was down from 88.0% last month and down from
92.9% in April of last year.

3 Mo Avg

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

100%
98%
96%
94%
92%
90%
88%
86%
84%
82%
80%
78%

92.9%

87.6%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

350

152

146

140

159

186

226

219

243

229

260

249

235

215

187

175

148

100

247

282

150

259

273

267

278

276

272

280

279

294

285

283

275

273

272

261

200

266

250

288

300
280

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 43, down 6.5% from 46 last month and down
32.8% from 64 in April of last year.

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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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