CAR ARCHIVED December 2016 | Page 19

Iredell Community Information | School District

Iredell 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 137 , up 30.5 % from 105 days last month and up 77.9 % from 77 days in December of last year . The December 2016 DOM was at a mid level compared with December of 2015 and 2014 .
300
250
200
150
100
77
137
50
51
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 $ 297 was down 8.0 % from $ 323 last month and up 19.5 % from 248 in December of last year .
0
400 350 300 250 200 150
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Selling Price per Square Foot
213
248
3 Mo Avg
297
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 December 2016 Selling Price vs Original List Price of 88.3 % was down from 94.5 % last month and down from 94.3 % in December of last year .
100
120 % 100 % 80 % 60 %
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
94.7 % 94.3 %
3 Mo Avg
88.3 %
40 % 20 %
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 4 , down 50.0 % from 8 last month and equal to 4 in December of last year .
120 100
0 %
80 60 40
57
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59 70
80 86 89 87 83 88 87
Inventory / New Listings / Sales
78
66
58
59 73 75 76 74 72 75 71 67 71 66 74 71
82 93 100 100 98 93 93
86 81 78
20 0
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F M A M J
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