CAR ARCHIVED June 2016 | Page 11

Market Action Report

County: Catawba

June 2016

Catawba
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 June was 84, up 15.1% from 73
days last month and down 28.8% from 118 days in June of last
year. The June 2016 DOM was at its lowest level compared with
June of 2015 and 2014.

3 Mo Avg

160
140

118

120
100

90

84

80
60

40
20
0

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 A S O N D J F M A M J
13
14
15
16

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 June 2016 Selling Price per Square Foot of $112 was up 6.5%
from $105 last month and up 12.4% from 99 in June of last year.

150
140
130
120
110
100
90
80
70
60
50

3 Mo Avg

112
104

99

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 A S O N D J F M A M J
13
14
15
16

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 June 2016 Selling Price vs Original List
Price of 95.0% was up from 94.5% last month and up from
92.9% in June of last year.

3 Mo Avg

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

96%

95.0%

94.3%

94%

92.9%

92%
90%
88%
86%
84%
82%
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 A S O N D J F M A M J
13
14
15
16

Inventory / New Listings / Sales

Inventory / New Listings / Sales

700

456

451

405

370

396

375

422

402

468

455

494

464

486

483

479

465

409

300

460

535

485

554

540

588

578

565

545

541

499

475

458

456

502

491

400

491

500

488

600
488

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 June 2016 was 115, down 22.8% from 149 last month and up
3.6% from 111 in June of last year.

200
100
0
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 A S O N D J F M A M J
13
14
15
16
Copyright © Coldwell Banker | 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
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.

c o l dw el l b a n k er h o m es.c o m

| 11