Market Action Report
May 2017
Gaston
County: Gaston
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 May was 61, up 24.5% from 49
days last month and down 29.9% from 87 days in May of last
year. The May 2017 DOM was at its lowest level compared with
May of 2016 and 2015.
3 Mo Avg
120
100
87
84
80
61
60
40
20
0
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 A M
14
15
16
17
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
85
more normalized indicator on the direction of Property values.
The May 2017 Selling Price per Square Foot of $93 was up 1.8%
80
from $92 last month and up 8.8% from 86 in May of last year.
75
70
65
60
55
50
3 Mo Avg
93
86
81
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 A M
14
15
16
17
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 May 2017 Selling Price vs Original List
Price of 96.1% was down from 98.1% last month and up from
95.2% in May of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
100%
98%
96%
96.1%
95.2%
94.6%
94%
92%
90%
88%
86%
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 A M
14
15
16
17
Inventory / New Listings / Sales
Inventory / New Listings / Sales
400
600
800
1,000
1,200
1,400
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 305, down 4.1% from 318 last month and down
15.5% from 361 in May of last year.
200
0
J J A S O N D J F M A M J J