CAR ARCHIVED March 2017 | Page 19

Market Action Report
March 2017
Iredell
County: Iredell
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: All | 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 March was 83, up 6.4% from 78
days last month and down 15.3% from 98 days in March of last
year. The March 2017 DOM was at its lowest level compared
with March of 2016 and 2015.
3 Mo Avg
120
101
98
100
83
80
60
40
20
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 March 2017 Selling Price per Square Foot of $121 was up
13.0% from $107 last month and up 17.1% from 103 in March of
last year.
150
140
130
120
110
100
90
80
70
60
50
3 Mo Avg
121
105
103
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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 March 2017 Selling Price vs Original
List Price of 95.3% was down from 95.7% last month and up
from 93.8% in March of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
97%
96%
95.3%
95%
93.8%
94%
93%
91.8%
92%
91%
90%
89%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
800
1,000
1,200
1,400
1,600
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 463, up 37.8% from 336 last month and up
19.0% from 389 in March of last year.
600
400
200
0
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Copyright © Coldwell Banker Residential Brokerage | Price Range: All | 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 Residential Brokerage
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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