Gaston Community Information | School District
Gaston Community Information | School District
Days On Market for Sold Properties |
3 Mo Avg |
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 March was 67 , down 2.9 % from 69 days last month and down 23.0 % from 87 days in March of last year . The March 2017 DOM was at its lowest level compared with March of 2016 and 2015 . |
120
100
80
60
40
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94 |
87 |
67 |
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20 |
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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 March 2017 Selling Price per Square Foot of $ 89 was up 6.1 % from $ 84 last month and up 10.8 % from 81 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 96.7 % was up from 95.9 % last month and up from 92.3 % in March of last year .
0
100 95 90 85 80 75 70 65 60 55 50
100 % 98 % 96 % 94 % 92 % 90 % 88 %
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Selling Price per Square Foot
78
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
94.0 %
81
92.3 %
3 Mo Avg
3 Mo Avg
89
96.7 %
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 340 , up 31.8 % from 258 last month and up 1.8 % from 334 in March of last year .
86 %
1,400 1,200 1,000 800 600 400 200
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1,296 1,304 1,327 1,316 1,298 1,321
1,258
1,194 1,127 1,122
Inventory / New Listings / Sales
1,145 1,126 1,119 1,104 1,069 1,114 1,138 1,087 1,068 1,023 965 927 861 851 820 806 812 802 796 774 742 729 668 668 627
566
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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 | 17