CAR ARCHIVED March 2017 | Page 34

Market Action Report
County: Charleston
March 2017
Charleston
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 73, down 12.0% from
83 days last month and down 1.4% from 74 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
100
90
81
74
80
73
70
60
50
40
30
20
10
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 $203 was up
2.5% from $198 last month and up 10.0% from 184 in March of
last year.
250
240
230
220
210
200
190
180
170
160
150
3 Mo Avg
203
184
174
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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 95.9% was up from 95.3% last month and up from
95.8% in March of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
97%
97%
95.9%
95.8%
96%
96%
95.1%
95%
95%
94%
94%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
1,500
2,000
2,500
3,000
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 1,049, up 36.2% from 770 last month and up
9.5% from 958 in March of last year.
1,000
500
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
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Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: SFH - Con
Data is provided courtesy of Charleston Trident Association of REALTORS, Piedmont Regional Association of REALTORS 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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