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 81 , up 9.5 % from 74 days last month and down 13.8 % from 94 days in February of last year . The February 2017 DOM was at its lowest level compared with February of 2016 and 2015 . |
120
100
80
60
40
|
98 |
94 |
81 |
|
20 |
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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 $ 108 was down 7.9 % from $ 118 last month and down 2.2 % from 111 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 95.6 % was up from 94.2 % last month and up from 93.3 % 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 333 , up 27.6 % from 261 last month and up 29.6 % from 257 in February of last year .
0
150 140 130 120 110 100 90 80 70 60 50
97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 % 87 %
1,600 1,400 1,200 1,000 800 600 400 200
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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Selling Price per Square Foot
97
|
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 |
|
111
Selling Price versus Listing Price Ratio
92.2 %
|
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 |
|
|
15 |
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16 |
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17 |
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1,342 1,390 1,389 1,400 1,404 1,344
Avg Selling Price divided by Avg Listing Price for sold properties during the month
1,306 1,268 1,212
1,108
93.3 %
Inventory / New Listings / Sales
1,101
1,098 1,191 1,174 1,246 1,281 1,259 1,252 1,241 1,229 1,139 1,073 1,029 1,004 1,060 1,130 1,122 1,180 1,159 1,130 1,107 1,074
3 Mo Avg
3 Mo Avg
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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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1,007 896 894
108
95.6 %
896 c o l d w e l l b a n k e r h o m e s . c o m | 19