CAR ARCHIVED June 2016 | Page 23
Market Action Report
County: Mecklenburg
June 2016
Mecklenburg
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 84, down 11.6% from 95
days last month and down 33.9% from 127 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
250
200
150
127
111
100
84
50
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 $287 was up
2.6% from $280 last month and up 3.2% from 278 in June of last
year.
3 Mo Avg
340
320
295
300
287
278
280
260
240
220
200
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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 93.7% was down from 95.8% last month and down from
98.0% in June of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
98.0%
100%
93.7%
95%
90.7%
90%
85%
80%
75%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
317
300
246
244
227
227
215
286
262
285
270
266
260
235
201
191
169
205
176
243
227
273
263
268
291
289
276
261
243
235
211
150
218
200
272
250
263
300
313
350
261
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 63, down 17.1% from 76 last month and up
46.5% from 43 in June of last year.
100
50
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
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Copyright © Coldwell Banker | Price Range: $1,000,000 and Up | 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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