CAR ARCHIVED July 2016 | Page 11
Market Action Report
County: Catawba
July 2016
Catawba
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: All | Properties: SFH - Con
Days On Market for Sold Properties
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 July was 77, down 8.3% from 84
days last month and down 19.8% from 96 days in July of last
year. The July 2016 DOM was at its lowest level compared with
July of 2015 and 2014.
3 Mo Avg
160
133
140
120
96
100
77
80
60
40
20
0
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Selling Price per Square Foot
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 July 2016 Selling Price per Square Foot of $114 was up 2.5%
from $112 last month and up 10.7% from 103 in July of last year.
150
140
130
120
110
100
90
80
70
60
50
3 Mo Avg
114
103
100
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Selling Price versus Listing Price Ratio
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 July 2016 Selling Price vs Original List
Price of 94.2% was down from 95.0% last month and down from
95.3% in July of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
95.3%
96%
94.2%
94%
92%
89.9%
90%
88%
86%
84%
82%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
700
458
444
458
406
371
397
376
422
402
409
468
455
494
464
486
483
479
465
300
460
535
485
554
540
588
578
565
545
541
499
475
458
456
502
400
491
500
488
600
488
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 July 2016 was 105, down 8.7% from 115 last month and up
38.2% from 76 in July of last year.
200
100
0
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 M A M J J
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Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: SFH - Con
Data is provided courtesy of Charlotte Regional REALTOR Association, Triad MLS, Inc. and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage
does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.
c o l dw el l b a n k er h o m es.c o m
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