CAR ARCHIVED June 2016 | Page 12

Community Information | School District
Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
$ 184,900
-0%
9 %
Average List Price of all Current Listings
$ 242,867
1 %
11 %
June Median Sales Price
$ 140,000
-9%
-1%
9 %
2 %
$ 142,000
5 %
4 %
June Average Sales Price
$ 164,864
-11%
-5%
1 %
3 %
$ 173,054
11 %
8 %
Total Properties Currently for Sale ( Inventory )
807
5 %
-18%
June Number of Properties Sold
176
19 %
31 %
743
17 %
June Average Days on Market ( Solds )
87
-14% -19%
-8%
-24%
110
-11%
-4%
Asking Price per Square Foot ( based on New Listings )
$ 101
4 %
2 %
6 %
9 %
$ 97
4 %
4 %
June Sold Price per Square Foot
$ 89
-0%
1 %
11 %
11 %
$ 86
10 %
8 %
June Month ' s Supply of Inventory
4.6
-12% -14% -38% -47%
6.7
-30%
-23%
June Sale Price vs List Price Ratio
92.6 % -1.4% -. 0 %
-. 8 %
1.4 %
92.2 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date

Davidson

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Community Information | School District

Property Sales June Property sales were 176 , up 31.3 % from 134 in June of 2015 and 18.9 % higher than the 148 sales last month . June 2016 sales were at their highest level compared to June of 2015 and 2014 . June YTD sales of 743 are running 17.0 % ahead of last year ' s year-to-date sales of 635 .
Prices The Median Sales Price in June was $ 140,000 , up 8.5 % from $ 129,000 in June of 2015 and down 9.4 % from $ 154,500 last month . The Average Sales Price in June was $ 164,864 , up 1.3 % from $ 162,689 in June of 2015 and down 11.0 % from $ 185,279 last month . June 2016 ASP was at the highest level compared to June of 2015 and 2014 .
200 180
200 160
180 140
160 120
140 100 120
80
100 60
80 40
60 20
40
0 20 0 J 13
200 190 180 170 160 150 140 130 120 110 100
Number of Properties Sold
85 126 102 113 86 98 62 87 97 97 122 118 108 112 104 111 100 108 76 67 126 109 123 134 152 137 128 106 74 115 70 97 129 123 148 176
200 190 180 170 160 150 140 130 120 110 100
J 13
85
J
126 102 113 86 98
13
A
S
O N D
J
14
62
A S O N D J
87 97 97 122 118 108 112 104 111
14
F M A M J
J
A
S
O N D
J
15
15
F M A M J
J
A
S
O N D
J
16
Median Sales Price and Average Sales Price
100
108
3 Mo Avg
3 Mo Avg
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
A13S
O N D
J 14
F
14 M A M J
J
A
S
O N D
J 15
F M15A M J
J
A
S
O N D
J 16
F M
16 A M J
76 67 126 109
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
16
F M A M J
123 134 152 137 128 106 74 115 70 97 129
3 Mo Avg
123 148 176
3 Mo Avg
Inventory & MSI The Total Inventory of Properties available for sale as of June was 807 , up 4.5 % from 772 last month and down 18.2 % from 986 in June of last year . June 2016 Inventory was at its lowest level compared with June of 2015 and 2014 .
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The June 2016 MSI of 4.6 months was at its lowest level compared with June of 2015 and 2014 .
Total Inventory & Month ' s Supply of Inventory ( MSI )
1,400 1,400
20.0
1,200 1,200
1,000 1,000
15.0
800 800
600 10.0
600 400
400 5.0
200 200
0 0
0.0
J A
J S
A O N
S O D
N J F
D
M
J
A
F M
J
A
J
M
A
J S
J O
A N
S D
O J
N F
D M
J A
F M
M J
A J
M A S
J
O
J
N
A
D
S O J F
N
M
D
A
J M
F
J
M A M J
13 13 14 14
15 15
16 16
1,198 1,238 1,206 1,200 1,180 1,072 1,085 1,099 1,116 1,135 1,153 1,178 1,193 1,189 1,140 1,112
1,198 1,238 1,206 1,200 1,180 1,072 1,085 1,099 1,116 1,135 1,153 1,178 1,193 1,189 1,140 1,112 1,061 959 942 897
1,061 959 942 897 921 962 998 986 972 968 947 892
921 962 998 986 972 968 947 892 832 789 760 716
832 789 760 716 755 761
755 761 772 807
772
807
20.0
15.0
10.0
5.0
0.0
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