CAR ARCHIVED August 2016 | Page 21

Market Action Report

August 2016

Lincoln

County: Lincoln

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 55, down 5.2% from
58 days last month and down 38.2% from 89 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

160
140
120

99

100

89

80
55

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 $128 was down
2.7% from $131 last month and up 15.0% from 111 in August of
last year.

150
140
130
120
110
100
90
80
70
60
50

3 Mo Avg

128
118

111

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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 95.8% was equal to 95.8% last month and up from
92.3% in August of last year.

3 Mo Avg

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

97%
96%
95%
94%
93%
92%
91%
90%
89%
88%
87%

95.8%
95.0%

92.3%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

700

417

384

397

394

390

379

383

381

364

469

517

518

509

498

449

416

387

300

498

469

467

496

464

540

524

586

579

551

528

526

500

500

498

508

400

488

500

540

600
524

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 134, down 15.7% from 159 last month and up
26.4% from 106 in August of last year.

200
100
0
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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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