CAR ARCHIVED March 2017 | Page 11

Catawba Community Information | School District

Catawba Community Information | School District

Market Time
160
The average Days On Market ( DOM ) shows how many days the
average Property is on the market before it sells . An upward
140
trend in DOM tends to indicate a move towards more of a
Buyer ' s market , a downward trend a move towards more of a
120
Seller ' s market . The DOM for March was 68 , down 36.4 % from
100
107 days last month and down 41.9 % from 117 days in March of
last year . The March 2017 DOM was at its lowest level compared
80
with March of 2016 and 2015 .
60
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 March 2017 Selling Price per Square Foot of $ 106 was up 20.8 % from $ 88 last month and down 7.1 % from 114 in March 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 March 2017 Selling Price vs Original List Price of 93.5 % was up from 91.5 % last month and down from 94.3 % in March of last year .
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
108
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
J
A
S O N D
J
F M
14
15
16
17
117
Selling Price per Square Foot
90
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
J
A
S O N D
J
F M
14
15
16
17
114
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
90.6 %
94.3 %
3 Mo Avg
3 Mo Avg
3 Mo Avg
68
106
93.5 %
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 March 2017 was 137 , up 23.4 % from 111 last month and up 10.5 % from 124 in March of last year .
82 %
700 600 500 400 300 200 100
0
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
J
A S O N D
J
F M
14
15
16
17
545 541 565 588 578 554 540 535 485 465
Inventory / New Listings / Sales
460 483 479 486 494 464 468 455
409
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
J
A
S O N D
J
F M
14
15
16
17
422 403 398 377 373
408 462 463 457 438 409 389 356 341 339 362 372 c o l d w e l l b a n k e r h o m e s . c o m | 11