CAR ARCHIVED May 2017 | Page 7

Market Action Report
May 2017
DAVIDSON
County: Davidson
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: $1,000,000 and Up | 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 0, down 100.0% from 33
days last month and up from 0 days in May of last year. The
May 2017 DOM was at a mid level compared with May of 2016
and 2015.
350
3 Mo Avg
309
300
250
200
150
100
50
0
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-50
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 May 2017 Selling Price per Square Foot of $0 was down
100.0% from $159 last month and up from 0 in May of last year.
250
230
210
190
170
150
130
110
90
70
50
3 Mo Avg
127
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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 May 2017 Selling Price vs Original List
Price of 0.0% was down from 87.5% last month and up from
0.0% in May of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
77.8%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
12
10
8
0
2
4
6
14
16
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 1, up from 0 last month and up from 0 in May
of last year.
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Copyright © Coldwell Banker Residential Brokerage | Price Range: $1,000,000 and Up | 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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