CAR ARCHIVED June 2016 | Page 13

Market Action Report

County: Davidson

June 2016

Davidson
Agent Name
Title
Phone
Website
Other

Community Information | School District
Price Range: All | Properties: SFH - Con

Days On Market for Sold Properties

3 Mo Avg

Market Time

160
The average Days On Market (DOM) shows how many days the
140
average Property is on the market before it sells. An upward
trend in DOM tends to indicate a move towards more of a
120
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for June was 87, down 13.9% from 101 100
days last month and down 8.4% from 95 days in June of last
80
year. The June 2016 DOM was at its lowest level compared with
June of 2015 and 2014.
60

120
95

87

40
20
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
100
direction of Property values. Since Median Sales Price and
95
Average Sales price can be impacted by the 'mix' of high or low
90
end Properties in the market, the selling price per square foot is a
85
more normalized indicator on the direction of Property values.
The June 2016 Selling Price per Square Foot of $89 was down
80
0.2% from $89 last month and up 10.9% from 80 in June of last
75
year.
70
65
60
55
50

3 Mo Avg

89
80

77

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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 June 2016 Selling Price vs Original List
Price of 92.6% was down from 93.9% last month and down from
93.3% in June of last year.

3 Mo Avg

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

96%

93.3%

94%
92%

92.6%

90.1%

90%
88%
86%
84%
82%
80%
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Inventory / New Listings / Sales

Inventory / New Listings / Sales

807

772

761

755

760

716

832

947

972

968

998

986

962

921

942

892

789

600

897

1,061

959

1,140

1,112

1,193

1,189

1,178

1,153

1,135

1,116

1,099

1,085

1,200

1,072

800

1,180

1,000

1,238

1,200

1,206

1,400
1,198

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 199, down 2.9% from 205 last month and up
1.0% from 197 in June of last year.

400
200
0
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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.

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