CAR ARCHIVED July 2016 | Page 21
Market Action Report
July 2016
Lincoln
County: Lincoln
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 55, down 1.8% from 56
days last month and down 28.6% from 77 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
120
100
81
77
80
55
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 $133 was up
12.0% from $119 last month and up 15.8% from 115 in July of last
year.
150
140
130
120
110
100
90
80
70
60
50
3 Mo Avg
133
115
101
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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 95.9% was up from 95.4% last month and down from
96.0% in July of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
96.0%
97%
96%
95%
94%
93%
92%
91%
90%
89%
88%
87%
95.9%
93.0%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
700
407
392
393
389
379
383
381
364
469
517
498
518
509
498
449
416
387
300
469
467
496
464
540
524
586
579
551
528
526
500
500
498
524
488
400
508
500
550
600
540
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 158, up 22.5% from 129 last month and up
30.6% from 121 in July of last year.
200
100
0
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Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: SFH - Con
Data is provided courtesy of Charlotte Regi