CAR ARCHIVED July 2016 | Page 27

Market Action Report

July 2016

Union

County: Union

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 43, down 14.0% from 50
days last month and down 27.1% from 59 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

90
80
65

70

59

60
50

43

40
30
20
10
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 $112 was down
3.6% from $116 last month and up 3.8% from 108 in July of last
year.

150
140
130
120
110
100
90
80
70
60
50

3 Mo Avg

112

108

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 97.5% was up from 97.4% last month and up from 95.4%
in July of last year.

3 Mo Avg

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

98%

97.5%

97%
96.0%

96%

95.4%

95%
94%
93%
92%
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Inventory / New Listings / Sales

Inventory / New Listings / Sales

1,092

1,067

1,044

971

1,014

944

936

1,051

934

1,166

1,119

1,256

1,196

1,234

1,227

1,214

1,147

1,094

1,084

1,082

1,263

800

1,181

1,416

1,325

1,476

1,418

1,414

1,370

1,318

1,246

1,230

1,223

1,000

1,407

1,200

1,314

1,400

1,454

1,600
1,444

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 460, down 18.3% from 563 last month and
down 2.5% from 472 in July of last year.

600
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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