CAR ARCHIVED May 2017 | Page 18

CHARLESTON

Community Information | School District
Days On Market for Sold Properties
3 Mo Avg
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 113 , down 13.1 % from 130 days last month and down 22.6 % from 146 days in May of last year . The May 2017 DOM was at its lowest level compared with May of 2016 and 2015 .
250
200
150
100
230
146
113
50
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 $ 496 was down 2.0 % from $ 506 last month and up 3.2 % from 480 in May of last year .
0
600
550
500
450
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
473
480
3 Mo Avg
496
400
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 92.4 % was down from 93.1 % last month and up from 91.3 % in May of last year .
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 81 , down 14.7 % from 95 last month and down 5.8 % from 86 in May of last year .
350
96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 % 78 % 76 %
600 500 400 300 200 100
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 versus Listing Price Ratio
89.9 %
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
418 406 399 396 400 378 354
Avg Selling Price divided by Avg Listing Price for sold properties during the month
368 387 386
91.3 %
Inventory / New Listings / Sales
395 392 389 376 353 363 349 343 326
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
342
376 432 431 445 446 431 428 428 420 413 395 393
3 Mo Avg
428 466 488
92.4 %
477
18 | coldwellbankerluxury . com