Gaston Community Information | School District
Gaston Community Information | School District
Days On Market for Sold Properties |
3 Mo Avg |
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 December was 66 , up 10.0 % from 60 days last month and down 25.0 % from 88 days in December of last year . The December 2016 DOM was at its lowest level compared with December of 2015 and 2014 . |
120
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80
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104 |
88 |
66 |
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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 December 2016 Selling Price per Square Foot of $ 87 was down 5.3 % from $ 92 last month and up 6.5 % from 82 in December of last year .
0
100 95 90 85 80 75 70 65 60 55 50
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 98 % original list price . The lower the ratio is below 100 % the more of
96 % a Buyer ' s market exists , a ratio at or above 100 % indicates more of a Seller ' s market . The December 2016 Selling Price vs Original 94 % List Price of 94.9 % was up from 94.8 % last month and up from 93.4 % in December of last year . 92 % 90 % 88 % 86 %
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Selling Price per Square Foot
74
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
90.2 %
82
93.4 %
3 Mo Avg
3 Mo Avg
87
94.9 %
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 December 2016 was 176 , down 34.3 % from 268 last month and down 9.3 % from 194 in December of last year .
84 %
1,400 1,200 1,000 800 600 400
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1,257 1,258 1,275 1,296 1,304 1,327 1,316 1,298 1,321
1,258
Inventory / New Listings / Sales
1,194 1,127 1,122 1,145 1,126 1,119 1,104 1,069 1,114 1,138 1,087 1,068 1,023 965 927 861 851 820 805 810 800 791 762 726 700
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c o l d w e l l b a n k e r h o m e s . c o m | 17