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 February was 212 , up 175.3 % from 77 days last month and down 24.0 % from 279 days in February of last year . The February 2017 DOM was at a mid level compared with February of 2016 and 2015 . |
300
250
200
150
100
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70 |
279 |
212 |
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50 |
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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 February 2017 Selling Price per Square Foot of $ 204 was down 58.4 % from $ 491 last month and down 23.5 % from 267 in February of last year .
0
500 450 400 350 300 250 200
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A M J
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S O N D |
J |
F M A M J |
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A |
S O N D |
J |
F M A M J |
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A |
S O N D |
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14 |
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15 |
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16 |
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17 |
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Selling Price per Square Foot
216
267
3 Mo Avg
204
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 February 2017 Selling Price vs Original List Price of 89.9 % was down from 92.5 % last month and up from 88.8 % in February of last year .
150
120 % 100 % 80 % 60 %
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A M J
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S O N D |
J |
F M A M J |
J |
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S O N D |
J |
F M A M J |
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A |
S O N D |
J |
F |
14 |
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15 |
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16 |
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17 |
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
3 Mo Avg
89.7 % 88.8 % 89.9 %
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 February 2017 was 10 , up 233.3 % from 3 last month and up 42.9 % from 7 in February of last year .
120 100
0 %
80 60 40
70
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A M J
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A S O N D |
J |
F M A M J |
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A S O N D |
J |
F M A M J |
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A S O N D |
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F |
14 |
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15 |
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16 |
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17 |
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80 86 89 87 83 88 87
78
66
Inventory / New Listings / Sales
58
59 73 75 76 74 72 74 70 66 70 65 73 70
80
91 98 98 96 91 91 85 80 78
71
61
20 0
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A M J
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S O N D |
J |
F M A M J |
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S O N D |
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F M A M J |
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S O N D |
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F |
14 |
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15 |
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16 |
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17 |
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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 | 19