CAR ARCHIVED July 2016 | Page 29

Yadkin Community Information | School District

Yadkin Community Information | School District

Days On Market for Sold Properties
3 Mo Avg
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 85 , down 54.8 % from 188 days last month and down 9.6 % from 94 days in July of last year . The July 2016 DOM was at its lowest level compared with July of 2015 and 2014 .
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178
94
85
50
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 $ 73 was down 12.1 % from $ 83 last month and down 2.3 % from 74 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 89.0 % was down from 92.0 % last month and up from 82.9 % in July of last year .
0
100 95 90 85 80 75 70 65 60 55 50
120 % 100 % 80 % 60 % 40 % 20 %
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Selling Price per Square Foot
86
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
82.3 % 82.9 %
74
3 Mo Avg
3 Mo Avg
73
89.0 %
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 20 , down 25.9 % from 27 last month and down 60.0 % from 50 in July of last year .
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200 180 160 140 120 100 80 60 40 20 0
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167 165 168 154 153 146 157 161
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Inventory / New Listings / Sales
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162 176 170 169
157 148 151 144 151 158 158
147
172 159 156 144 145 134 133 128
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115 102 104 106 93
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