CAR ARCHIVED June 2016 | Page 25

Market Action Report

June 2016

Rowan

County: Rowan

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 83, down 27.2% from
114 days last month and down 29.7% 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

127

118

120
100

83

80
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
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 up
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16.4% from $76 last month and up 24.8% from 71 in June of last
75
year.
70
65
60
55
50

3 Mo Avg

89

71

70

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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 93.5% was up from 90.5% last month and up from
88.5% in June of last year.

3 Mo Avg

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

95%
90%

93.5%

88.5%

88.2%

85%
80%
75%
70%
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529

580

539

596

565

638

597

732

680

768

763

760

744

738

726

708

712

775

771

866

837

845

888

874

865

789

793

792

819

793

867

846

819

845

830

1,000
900
800
700
600
500
400
300
200
100
0

823

Inventory / New Listings / Sales

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 168, up 0.6% from 167 last month and down
4.0% from 175 in June of last year.

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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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