CAR ARCHIVED June 2016 | Page 13

Davidson Community Information | School District

Davidson 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 0 , up from 0 days last month and up from 0 days in June of last year . The June 2016 DOM was at its lowest level compared with June of 2015 and 2014 .
350 300 250 200 150 100 50
Days On Market for Sold Properties
3 Mo Avg
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 $ 0 was up from $ 0 last month and up from 0 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 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 0.0 % was up from 0.0 % last month and up from 0.0 % in June of last year .
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 2 , up from 0 last month and up 100.0 % from 1 in June of last year .
0 -50
250 230 210 190 170 150 130 110 90 70 50
100 % 90 % 80 % 70 % 60 % 50 % 40 % 30 % 20 % 10 % 0 %
16 14 12 10 8 6 4 2 0
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Selling Price per Square Foot
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Selling Price versus Listing Price Ratio
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Avg Selling Price divided by Avg Listing Price for sold properties during the month
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12 14 14
Inventory / New Listings / Sales
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3 Mo Avg
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