CAR ARCHIVED July 2017 | Page 15

Market Action Report July 2017 UNION County: Union 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 48, up 29.7% from 37 days last month and down 39.2% from 79 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 250 200 150 123 100 79 48 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 14 15 16 17 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