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: $1,000,000 and Up | 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 0, up from 0 days last month and up from 0 days in June of last year. The June 2016 DOM was at a mid level compared with June of 2015 and 2014. 3 Mo Avg 300 250 200 150 100 50 10 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 J 13 14 15 16 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 $0 was up from $0 last month and down 100.0% from 197 in June of last year. 350 330 310 290 270 250 230 210 190 170 150 3 Mo Avg 282 197 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 14 15 16 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 0.0% was up from 0.0% last month and up from 0.0% in June of last year. 3 Mo Avg Avg Selling Price divided by Avg Listing Price for sold properties during the month 120% 97.9% 100% 80% 60% 40% 20% 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 J 13 14 15 16 Inventory / New Listings / Sales Inventory / New Listings / Sales 21 20 18 22 12 17 16 16 16 18 16 20 18 16 16 16 17 16 17 17 17 16 15 13 11 10 11 8 10 13 14 16 15 16 20 22 20 21 25 13 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 thes