CAR ARCHIVED July 2016 | Page 22

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
$ 349,500
3 %
32 %
Average List Price of all Current Listings
$ 487,778
2 %
24 %
July Median Sales Price
$ 227,500
-2%
1 %
8 %
12 %
$ 217,000
5 %
6 %
July Average Sales Price
$ 297,198
-1%
2 %
10 %
13 %
$ 280,320
5 %
6 %
Total Properties Currently for Sale ( Inventory )
3,589
-4%
-23%
July Number of Properties Sold
1,699
-22%
-10%
11,110
2 %
July Average Days on Market ( Solds )
38
12 %
-3%
-19% -28%
46
-18%
-13%
Asking Price per Square Foot ( based on New Listings )
$ 137
0 %
-1%
7 %
5 %
$ 139
8 %
7 %
July Sold Price per Square Foot
$ 132
0 %
1 %
9 %
10 %
$ 128
7 %
7 %
July Month ' s Supply of Inventory
2.1
23 %
8 %
-15% -27%
2.3
-22%
-19%
July Sale Price vs List Price Ratio
97.6 %
-. 2 %
-. 1 % 1.2 %
1.6 %
97.2 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date

Mecklenburg

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Community Information | School District

3 Mo Avg
Property Sales July Property sales were 1,699 , down 9.6 % from 1,880 in July of 2015 and 21.7 % lower than the 2,169 sales last month . July 2016 sales were at a mid level compared to July of 2015 and 2014 . July YTD sales of 11,110 are running 2.0 % ahead of last year ' s year-to-date sales of 10,888 .
2,500
2,5002,000
2,0001,500
1,500 1,000
Number of Properties Sold
3 Mo Avg
Prices The Median Sales Price in July was $ 227,500 , up 8.3 % from $ 210,000 in July of 2015 and down 1.9 % from $ 232,000 last month . The Average Sales Price in July was $ 297,198 , up 9.9 % from $ 270,421 in July of 2015 and down 0.9 % from $ 299,782 last month . July 2016 ASP was at the highest level compared to July of 2015 and 2014 .
Inventory & MSI The Total Inventory of Properties available for sale as of July was 3,589 , down 3.9 % from 3,734 last month and down 23.0 % from 4,662 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 2.1 months was at its lowest level compared with July of 2015 and 2014 .
1,000
500
1,578 1,241 1,285 1,093 1,205
500
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
0 13 14
15
16 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 13
14 Median Sales Price 15 and Average Sales Price 16 Median Sales Price and Average Sales Price
290
3 Mo Avg
1,578 1,241 1,285 1,093 1,205 999 887 1,222 1,385 1,595 1,677 1,661 1,566 1,425 1,365 1,073 1,399 1,015 1,032 1,508 1,593 1,742 2,118 1,880 1,727 1,606 1,460 1,148 1,506 953 1,174 1,570 1,704 1,841 2,169 1,699
290
270
270
250
250
230
230
210
210
190
190
170
170
150
150
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
A
S13O N D
J
F
14 M A M J
J
A
S
O N D
J
F M15A M J
J
A
S
O N D
J
F M
16 A M J
J
13
14
15
16
Total Inventory & Month ' s Supply of Inventory ( MSI )
Total Inventory & Month ' s Supply of Inventory ( MSI )
7,000
7,000
6,000
6.0
6,000
5,000
5.0
5,000
4,000
4,000
3,000
3,000
2,000
2,000
4.0
3.0
2.0
1,000
1,000
1.0
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
5,724 5,781 5,675 5,294
5,724 5,781 5,675
5,294 4,888 4,780 5,017
999 887 1,222 1,385
4,888
5,254 4,780 5,017 5,254
5,676
1,595
5,676 5,776 5,744 5,662 5,514 1,677 1,661 1,566 1,425
5,776 5,744 5,662 5,514 5,321 5,132
1,365
5,321 5,132
4,759 4,232 4,061
1,073 1,399 1,015 1,032 1,508 1,593 1,742 2,118
4,759 4,232 4,061 4,093 4,336 4,480 4,555 4,526 4,662 1,880 1,727 1,606 1,460
4,093 4,336 4,480 4,555 4,526 4,662 4,511 4,414 4,285
3,861 3,389 3,337 3,208
1,148 1,506
4,511 4,414 4,285
3,861 3,389 3,337
953 1,174
3,412 3,563
3,208
3,706 3,734 3,412 3,589 1,570 1,704
3,563 3,706
1,841 2,169
3,734 3,589
1,699
J
3 Mo Avg
J
6.0 5.0
4.0 3.0 2.0 1.0 0.0
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