Mecklenburg Community Information | School District
Mecklenburg Community Information | School District
Market Time |
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The average Days On Market ( DOM ) shows how many days the |
average Property is on the market before it sells . An upward |
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trend in DOM tends to indicate a move towards more of a
Buyer ' s market , a downward trend a move towards more of a
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Seller ' s market . The DOM for June was 33 , up 6.5 % from 31 days |
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last month and down 2.9 % from 34 days in June of last year . |
The June 2017 DOM was at its lowest level compared with June |
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of 2016 and 2015 . |
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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 $ 138 was up 0.5 % from $ 137 last month and up 4.7 % from 132 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 98.3 % was down from 98.5 % last month and up from 97.8 % in June of last year .
20 10 0
150 145 140 135 130 125 120 115 110 105 100
99 % 98 % 97 % 96 % 95 % 94 % 93 %
Days On Market for Sold Properties
48
Selling Price per Square Foot
Selling Price versus Listing Price Ratio
34 33
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123
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Avg Selling Price divided by Avg Listing Price for sold properties during the month
96.8 %
132
97.8 %
3 Mo Avg
3 Mo Avg
3 Mo Avg
138
98.3 %
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 1,883 , down 8.4 % from 2,056 last month and down 21.3 % from 2,393 in June of last year .
92 %
6,000 5,000 4,000 3,000 2,000 1,000
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5,654 5,507 5,313 5,124
4,750 4,223 4,052 4,082 4,322 4,453
Inventory / New Listings / Sales
4,531 4,504 4,640 4,488 4,385 4,257
3,837 3,373 3,328 3,199 3,411 3,579 3,737 3,821 3,855 3,757 3,713 3,492
3,109 2,608 2,417 2,380 2,584 2,690 2,788 2,658
0
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c o l d w e l l b a n k e r h o m e s . c o m | 23