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 February was 114 , up 16.3 % from 98 days last month and up 14.0 % from 100 days in February of last year . The February 2017 DOM was at a mid level compared with February of 2016 and 2015 . |
250
200
150
100
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119 |
100 |
114 |
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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 $ 276 was down 12.1 % from $ 315 last month and up 6.1 % from 260 in February of last year .
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 94.5 % was up from 92.5 % last month and down from 96.9 % in February 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 February 2017 was 101 , up 106.1 % from 49 last month and up 46.4 % from 69 in February of last year .
0
350 340 330 320 310 300 290 280 270 260 250
100 % 98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 %
350 300 250 200 150 100 50
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M
A M J
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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 |
J |
F |
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
296
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M
A M J
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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 |
J |
F |
14 |
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15 |
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16 |
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17 |
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261
260
Selling Price versus Listing Price Ratio
92.1 %
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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 |
J |
F |
14 |
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15 |
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16 |
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17 |
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291
289 268 273 263
243
Avg Selling Price divided by Avg Listing Price for sold properties during the month
227 205
176
96.9 %
Inventory / New Listings / Sales
169 190 201
234 266 260 270 284 285
261
226 214 227 246 242 296 309 304 298 296 299
274
3 Mo Avg
3 Mo Avg
247
209
213
276
94.5 %
254
0
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M
A M J
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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 |
J |
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 | 23