CAR ARCHIVED July 2016 | Page 13

Market Action Report

County: Davidson

July 2016

Davidson
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 86, down 1.1% from 87
days last month and down 23.2% from 112 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
140
112

120
91

100

86

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
100
direction of Property values. Since Median Sales Price and
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Average Sales price can be impacted by the 'mix' of high or low
90
end Properties in the market, the selling price per square foot is a
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more normalized indicator on the direction of Property values.
The July 2016 Selling Price per Square Foot of $87 was down
80
1.8% from $89 last month and up 7.0% from 81 in July of last
75
year.
70
65
60
55
50

3 Mo Avg

87
81

79

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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 93.9% was up from 92.6% last month and up from 91.9%
in July of last year.

3 Mo Avg

Avg Selling Price divided by Avg Listing Price for sold properties during the month

96%

93.9%

94%
92%

91.9%

90.9%

90%
88%
86%
84%
82%
80%
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Inventory / New Listings / Sales

Inventory / New Listings / Sales

800

773

749

763

755

760

715

833

790

948

893

973

969

999

987

963

922

943

600

898

1,062

960

1,141

1,113

1,194

1,190

1,179

1,154

1,136

1,116

1,099

1,085

1,072

800

1,200

1,000

1,180

1,200

1,238

1,400
1,206

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 191, down 4.5% from 200 last month and down
9.9% from 212 in July of last year.

400
200
0
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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.

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