CAR ARCHIVED August 2016 | Page 15

Market Action Report

August 2016

Davie

County: Davie

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 August was 90, up 1.1% from 89
days last month and down 30.8% from 130 days in August of last
year. The August 2016 DOM was at its lowest level compared
with August of 2015 and 2014.

3 Mo Avg

200
180
160
130

140
108

120

90

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 August 2016 Selling Price per Square Foot of $93 was up
1.2% from $92 last month and up 13.5% from 82 in August of last
year.

150
140
130
120
110
100
90
80
70
60
50

3 Mo Avg

93

88

82

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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 August 2016 Selling Price vs Original
List Price of 92.7% was down from 95.8% last month and up
from 88.7% in August of last year.

3 Mo Avg

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

98%
96%
94%

92.7%

92%

90.5%

90%

88.7%

88%
86%
84%
82%
80%
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313

299

298

312

308

311

302

294

331

305

373

348

369

369

367

349

343

348

347

382

357

450

432

439

434

432

430

415

407

393

387

409

373

438

427

500
450
400
350
300
250
200
150
100
50
0

431

Inventory / New Listings / Sales

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 August 2016 was 72, up 9.1% from 66 last month and down
1.4% from 73 in August of last year.

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Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: SFH - Con
Data is provided courtesy of Charlotte Regional REALTOR Association, Triad MLS, Inc. and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage
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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