CAR ARCHIVED May 2017 | Page 11

Catawba Community Information | School District

Catawba Community Information | School District

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 May was 85 , down 13.3 % from 98 days last month and up 11.8 % from 76 days in May of last year . The May 2017 DOM was at a mid level compared with May of 2016 and 2015 .
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 May 2017 Selling Price per Square Foot of $ 107 was up 0.4 % from $ 106 last month and up 2.7 % from 104 in May 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 May 2017 Selling Price vs Original List Price of 94.4 % was up from 93.4 % last month and up from 94.3 % in May of last year .
160 140 120 100 80 60 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
117
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Selling Price per Square Foot
95
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
92.8 %
76
104
3 Mo Avg
3 Mo Avg
3 Mo Avg
85
107
94.3 % 94.4 %
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 May 2017 was 91 , down 4.2 % from 95 last month and down 38.9 % from 149 in May of last year .
82 %
700 600 500 400 300 200 100
0
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565 588 578 554 540 535 485 465 460 483
Inventory / New Listings / Sales
479 486 494 464 468 456 410 423 404 399 378 374
408 462 463 457 438 409 388 355 339 334 356 373 373 358
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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 | 11