CAR ARCHIVED April 2016 | Page 42

Market Action Report

April 2016

York

County: York

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 4, down 95.2% from 84
days last month and down 95.3% from 86 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

140
116

120
100

86

80
60
40
20

4

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 $134 was up
41.8% from $95 last month and up 49.7% from 90 in April of last
year.

150
140
130
120
110
100
90
80
70
60
50

3 Mo Avg
134

90

89

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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 100.0% was up from 94.5% last month and up from
95.0% in April of last year.

3 Mo Avg

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

102%

100.0%

100%
98%
95.0%

96%
94%

92.1%

92%
90%
88%
86%
84%
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Inventory / New Listings / Sales

Inventory / New Listings / Sales

398

397

376

462

528

607

674

649

670

726

675

640

570

494

440

357

200

726

793

858

853

893

858

937

901

887

886

876

950

928

988

968

400

755

600

996

800

986

1,000

1,014

1,200

937

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 228, up 33.3% from 171 last month and equal
to 228 in April of last year.

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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