CAR ARCHIVED July 2017 | Page 13

Market Action Report
July 2017
County: Mecklenburg
MECKLENBURG
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: $1,000,000 and Up | 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 77, down 13.5% from 89
days last month and down 9.4% from 85 days in July of last year.
The July 2017 DOM was at its lowest level compared with July of
2016 and 2015.
3 Mo Avg
250
200
150
115
85
100
77
50
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 2017 Selling Price per Square Foot of $281 was down
3.5% from $291 last month and down 7.0% from 302 in July of
last year.
350
340
330
320
310
300
290
280
270
260
250
3 Mo Avg
302
281
280
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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 2017 Selling Price vs Original List
Price of 91.1% was down from 94.8% last month and down from
91.5% in July of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
100%
98%
96%
94%
92%
90%
88%
86%
84%
82%
80%
93.9%
91.5%
91.1%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
150
200
250
300
350
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 2017 was 45, down 27.4% from 62 last month and down
23.7% from 59 in July of last year.
100
50
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 J
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Copyright © Coldwell Banker Residential Brokerage | Price Range: $1,000,000 and Up | 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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