Iredell Community Information | School District
Iredell Community Information | School District
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 79 , down 16.8 % from 95 days last month and up 1.3 % from 78 days in June of last year . The June 2016 DOM was at a mid level compared with June of 2015 and 2014 .
120
100
80
60
40
20
Days On Market for Sold Properties
3 Mo Avg
83 78 79
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 $ 120 was up 4.3 % from $ 115 last month and up 5.9 % from 114 in June of last year .
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 |
96 % |
original list price . The lower the ratio is below 100 % the more of |
95 % |
|
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 95.3 % was up from 94.8 % last month and up from 95.2 %
|
94 %
93 %
|
in June of last year . |
92 % |
Inventory / New Listings / Sales 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 427 , up 12.7 % from 379 last month and up 14.2 % from 374 in June of last year .
0
150 140 130 120 110 100 90 80 70 60 50
91 % 90 % 89 % 88 % 87 %
1,600 1,400 1,200 1,000 800 600 400 200
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 |
13 |
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14 |
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15 |
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16 |
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Selling Price per Square Foot
110
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 |
13 |
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14 |
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15 |
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16 |
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114
Selling Price versus Listing Price Ratio
Avg Selling Price divided by Avg Listing Price for sold properties during the month 95.2 % 95.3 %
93.6 %
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 |
13 |
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14 |
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15 |
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16 |
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1,406 1,421 1,443 1,415 1,313 1,260 1,240 1,270 1,341 1,389
Inventory / New Listings / Sales
1,388 1,399 1,403 1,343 1,304 1,265 1,209 1,105 1,097 1,094 1,187 1,170 1,242 1,277 1,255 1,246 1,236 1,224
1,133 1,067 1,022 995
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 |
13 |
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14 |
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15 |
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16 |
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1,050 1,117 1,102
J
120
J
J
1,124 c o l d w e l l b a n k e r h o m e s . c o m | 19