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 January was 77 , down 43.8 % from 137 days last month and down 18.9 % from 95 days in January of last year . The January 2017 DOM was at its lowest level compared with January of 2016 and 2015 . |
300
250
200
150
100
|
187 |
95 |
77 |
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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 January 2017 Selling Price per Square Foot of $ 491 was up 65.4 % from $ 297 last month and up 23.4 % from 398 in January 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 January 2017 Selling Price vs Original List Price of 92.5 % was up from 88.3 % last month and up from 90.2 % in January of last year .
0
500 450 400 350 300 250 200 150 100
120 % 100 % 80 % 60 %
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 |
J |
14 |
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15 |
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16 |
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17 |
Selling Price per Square Foot
206
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 |
J |
14 |
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15 |
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16 |
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17 |
398
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
81.6 %
3 Mo Avg
3 Mo Avg
491
90.2 % 92.5 %
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 January 2017 was 3 , down 25.0 % from 4 last month and down 81.3 % from 16 in January of last year .
120 100
0 %
80 60 40
59
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 |
J |
14 |
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15 |
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16 |
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17 |
70
80 86 89 87 83 88 87
78
Inventory / New Listings / Sales
66
58
59 73 75 76 74 72 74 70 66 70 65 73 70
80
91 98 98 96 91 91 85 80 78
69
20 0
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 |
J |
14 |
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15 |
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16 |
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17 |
c o l d w e l l b a n k e r h o m e s . c o m | 19