CAR ARCHIVED January 2017 | 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 January was 103 , down 36.0 % from 161 days last month and up 25.6 % from 82 days in January of last year . The January 2017 DOM was at a mid level compared with January of 2016 and 2015 .
250
200
150
100
220
82
103
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 January 2017 Selling Price per Square Foot of $ 316 was
300
down 4.1 % from $ 330 last month and up 16.3 % from 272 in
280
January 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 January 2017 Selling Price vs Original List Price of 92.0 % was down from 93.0 % last month and up from 91.7 % in January 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 January 2017 was 52 , up 271.4 % from 14 last month and up 30.0 % from 40 in January 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
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
15
16
17
Selling Price per Square Foot
278
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
15
16
17
243
272
Selling Price versus Listing Price Ratio
90.9 %
Inventory / New Listings / Sales
316
91.7 % 92.0 %
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
15
16
17
261 291 289 268 273 263
Avg Selling Price divided by Avg Listing Price for sold properties during the month
243 227
205 176 169 190 201
234 266 260 270 284 285
261
226 214 227 246 242 296 309 304 297 295 298
3 Mo Avg
3 Mo Avg
272
244
205 212
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
15
16
17
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