Gaston Community Information | School District
Gaston Community Information | School District
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 74 , up 1.4 % from 73 days last month and equal to 74 days in July of last year . The July 2016 DOM was at its lowest level compared with July of 2015 and 2014 .
120
100
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Days On Market for Sold Properties
3 Mo Avg
94
74 74
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 $ 88 was up 1.3 % from $ 87 last month and up 4.7 % from 84 in July 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 July 2016 Selling Price vs Original List Price of 96.6 % was up from 95.5 % last month and up from 94.6 % in July of last year .
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100 95 90 85 80 75 70 65 60 55 50
98 % 96 % 94 % 92 % 90 % 88 % 86 %
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Selling Price per Square Foot
77
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
92.3 %
84
94.6 %
3 Mo Avg
3 Mo Avg
88
96.6 %
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 July 2016 was 291 , down 11.3 % from 328 last month and down 19.6 % from 362 in July of last year .
84 %
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1,485 1,511 1,453 1,353 1,295 1,256 1,257 1,274 1,295 1,303
Inventory / New Listings / Sales
1,326 1,315 1,297 1,320
1,257
1,193 1,126 1,121
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1,144 1,125 1,117 1,102 1,067 1,112 1,136 1,085 1,062 1,017 959 920 853 841 807 780 772 717
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c o l d w e l l b a n k e r h o m e s . c o m | 17