CAR ARCHIVED March 2017 | Page 25

Market Action Report
March 2017
Rowan
County: Rowan
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 95, down 7.8% from
103 days last month and down 22.1% from 122 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
152
160
140
122
120
95
100
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
100
direction of Property values. Since Median Sales Price and
95
Average Sales price can be impacted by the 'mix' of high or low
90
end Properties in the market, the selling price per square foot is a
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more normalized indicator on the direction of Property values.
The March 2017 Selling Price per Square Foot of $83 was up
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3.1% from $81 last month and up 17.4% from 71 in March of last
75
year.
70
65
60
55
50
3 Mo Avg
83
72
71
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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 93.6% was up from 90.7% last month and up from
89.2% in March of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
96%
93.6%
94%
92%
89.2%
90%
88%
86.5%
86%
84%
82%
80%
78%
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1,000
900
800
700
600
500
400
300
200
100
0
Inventory / New Listings / Sales
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 185, up 14.9% from 161 last month and up
19.4% from 155 in March of last year.
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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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