CAR ARCHIVED June 2016 | Page 21
Market Action Report
June 2016
Lincoln
County: Lincoln
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 56, down 31.7% from 82
days last month and down 29.1% from 79 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
120
100
79
75
80
56
60
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
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 $119 was up
11.0% from $107 last month and up 4.2% from 114 in June of last
year.
150
140
130
120
110
100
90
80
70
60
50
3 Mo Avg
119
114
112
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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 95.5% was up from 95.0% last month and up from 95.1%
in June of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
97%
96%
95%
94%
93%
92%
91%
90%
89%
88%
87%
95.5%
95.1%
94.1%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
700
389
394
388
379
383
381
364
469
449
517
498
518
509
498
469
416
387
300
467
496
464
540
524
586
579
551
528
526
500
500
498
508
540
488
400
524
500
577
600
550
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 129, down 15.1% from 152 last month and
down 8.5% from 141 in June of last year.
200
100
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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