Catawba Community Information | School District
Catawba 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 84 , down 3.4 % from 87 days last month and up 1.2 % from 83 days in June of last year . The June 2017 DOM was at a mid level compared with June of 2016 and 2015 .
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 2017 Selling Price per Square Foot of $ 124 was up 15.9 % from $ 107 last month and up 11.6 % from 111 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 2017 Selling Price vs Original List Price of 93.8 % was down from 94.5 % last month and down from 95.0 % in June of last year .
160 140 120 100 80 60 40 20 0
150 140 130 120 110 100 90 80 70 60 50
96 % 94 % 92 % 90 % 88 % 86 % 84 %
Days On Market for Sold Properties
118
Selling Price per Square Foot
Selling Price versus Listing Price Ratio
83 84
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99
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Avg Selling Price divided by Avg Listing Price for sold properties during the month 95.0 %
92.9 %
111
3 Mo Avg
3 Mo Avg
3 Mo Avg
124
93.8 %
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 2017 was 77 , down 15.4 % from 91 last month and down 32.5 % from 114 in June of last year .
82 %
700 600 500 400 300 200 100
0
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588 578 554 540 535 485 464 459 482 478
Inventory / New Listings / Sales
482
489 459 458 446 400 413 394
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389 368 364
398 452 453 447 428 399 378 345 330 325 345 364 363 357 330 c o l d w e l l b a n k e r h o m e s . c o m | 11