CAR ARCHIVED July 2016 | Page 12

Community Information | School District
Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
$ 187,120
1 %
7 %
Average List Price of all Current Listings
$ 245,570
1 %
7 %
July Median Sales Price
$ 140,000
0 %
-3%
-3%
2 %
$ 141,109
3 %
3 %
July Average Sales Price
$ 166,139
1 %
-5%
1 %
3 %
$ 171,881
9 %
7 %
Total Properties Currently for Sale ( Inventory )
800
7 %
-18%
July Number of Properties Sold
153
-13%
1 %
896
14 %
July Average Days on Market ( Solds )
86
-1%
-11% -23% -25%
106
-13%
-7%
Asking Price per Square Foot ( based on New Listings )
$ 101
0 %
2 %
6 %
10 %
$ 98
5 %
7 %
July Sold Price per Square Foot
$ 87
-2%
-2%
7 %
9 %
$ 86
10 %
8 %
July Month ' s Supply of Inventory
5.2
23 %
7 %
-18% -40%
6.4
-30%
-26%
July Sale Price vs List Price Ratio
93.9 %
1.4 %
. 9 %
2.2 %
2.8 %
92.5 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date

Davidson

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Community Information | School District

Property Sales July Property sales were 153 , up 0.7 % from 152 in July of 2015 and 13.1 % lower than the 176 sales last month . July 2016 sales were at their highest level compared to July of 2015 and 2014 . July YTD sales of 896 are running 13.9 % ahead of last year ' s year-to-date sales of 787 .
Prices The Median Sales Price in July was $ 140,000 , down 3.4 % from $ 145,000 in July of 2015 and equal to $ 140,000 last month . The Average Sales Price in July was $ 166,139 , up 1.5 % from $ 163,717 in July of 2015 and up 0.7 % from $ 164,903 last month . July 2016 ASP was at the highest level compared to July of 2015 and 2014 .
200 180
200 160
180 140
160 120
140 100 120
80
100 60
80 40
60 20
40
0 20 0 A 13
200 190 180 170 160 150 140 130 120 110 100
Number of Properties Sold
126 102 113 86 98 62 87 97 97 122 118 108 112 104 111 100 108 76 67 126 109 123 134 152 137 128 106 74 115 70 97 129 123 148 176 153
200 190 180 170 160 150 140 130 120 110 100
A 13
126
A
102 113 86 98
13
S
O N D
J
14
62 87 97 97 122 118 108 112 104 111 100
14
F M A M J
J
A
S
O N D
J
15
15
F M A M J
J
A
S
O N D
J
16
Median Sales Price and Average Sales Price
108
76
3 Mo Avg
3 Mo Avg
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
S13O N D
J 14
F
14 M A M J
J
A
S
O N D
J 15
F M15A M J
J
A
S
O N D
J 16
F M
16 A M J
J
67
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
16
F M A M J
J
126 109 123 134 152 137 128 106 74 115 70 97 129 123
3 Mo Avg
148 176 153
3 Mo Avg
J
Inventory & MSI The Total Inventory of Properties available for sale as of July was 800 , up 6.8 % from 749 last month and down 17.8 % from 973 in July of last year . July 2016 Inventory was at its lowest level compared with July of 2015 and 2014 .
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The July 2016 MSI of 5.2 months was at its lowest level compared with July of 2015 and 2014 .
Total Inventory & Month ' s Supply of Inventory ( MSI )
1,400
1,400
1,200
20.0
1,200
1,000
1,000
800
800
600
600
400
400
200
200
15.0
10.0
5.0
0
0
0.0
A
S
A O
S N
O D
N
J
D
F M
J
A
F M
J
A
J
M
A
J S
J O
A N
S D
O
J
N
F
D M
J A
F M
M J
A
J
M
A
J S O
J
N
A
D
S O
J
F
N
M
D
A
J M
F
J
M
J
A M J
13
13
14
14
15
15
16
16
J
1,238 1,206 1,200 1,180 1,072 1,085 1,099 1,116 1,136 1,154 1,179 1,194 1,190 1,141 1,113 1,062
1,238 1,206 1,200 1,180 1,072 1,085 1,099 1,116 1,136 1,154 1,179 1,194 1,190 1,141 1,113 1,062 960 943 898 960 943 898 922 963 999 987 973 969 948 893
922 963 999 987 973 969 948 893 833 790 760 715
833 790 760 715 755 763 773
755 763 773 749 800
749
800
20.0
15.0
10.0
5.0
0.0
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