CAR ARCHIVED December 2016 | Page 23

Mecklenburg Community Information | School District

Mecklenburg 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 144 , up 108.7 % from 69 days last month and up 148.3 % from 58 days in December of last year . The December 2016 DOM was at a mid level compared with December of 2015 and 2014 .
250
200
150
100
110
144
58
50
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
340
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
320
more normalized indicator on the direction of Property values .
The December 2016 Selling Price per Square Foot of $ 325 was up
300
3.9 % from $ 313 last month and up 12.1 % from 290 in December
280
of last year .
260
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 92.6 % was down from 93.8 % last month and up from 91.3 % in December of last year .
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 14 , down 57.6 % from 33 last month and down 6.7 % from 15 in December of last year .
0
240 220 200
100 % 98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 %
350 300 250 200 150 100 50
J
F M A M J
J
A
S O N D
J
F M A M J
J
A
S O N D
J
F M A M J
J
A
S O N D
14
15
16
Selling Price per Square Foot
263
J
F M A M J
J
A
S O N D
J
F M A M J
J
A
S O N D
J
F M A M J
J
A
S O N D
14
15
16
211
290
Selling Price versus Listing Price Ratio
91.2 % 91.3 %
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
14
15
16
243
261 291 289 268 273
Avg Selling Price divided by Avg Listing Price for sold properties during the month
263 243
227
Inventory / New Listings / Sales
205 176 169 190 201
234 266 260 270 284 285
261
226 214 227 246 242 296 308 303 296 294
3 Mo Avg
3 Mo Avg
297 270
241
325
92.6 %
198
0
J
F M A M J
J
A
S O N D
J
F M A M J
J
A
S O N D
J
F M A M J
J
A
S O N D
14
15
16
c o l d w e l l b a n k e r h o m e s . c o m | 23