CAR ARCHIVED November 2016 | Page 11

Market Action Report

County: Catawba

November 2016

Catawba
Agent Name
Title
Phone
Website
Other

Community Information | School District
Price Range: All | Properties: SFH - Con

Days On Market for Sold Properties

3 Mo Avg

Market Time

160
The average Days On Market (DOM) shows how many days the
140
average Property is on the market before it sells. An upward
trend in DOM tends to indicate a move towards more of a
120
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for November was 96, up 17.1% from
100
82 days last month and up 3.2% from 93 days in November of
last year. The November 2016 DOM was at a mid level compared 80
with November of 2015 and 2014.
60

110
96

93

40
20
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 November 2016 Selling Price per Square Foot of $99 was
down 14.4% from $115 last month and up 1.7% from 97 in
November of last year.

150
140
130
120
110
100
90
80
70
60
50

3 Mo Avg

105

99

97

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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 November 2016 Selling Price vs
Original List Price of 92.4% was down from 93.6% last month
and down from 93.8% in November of last year.

3 Mo Avg

Avg Selling Price divided by Avg Listing Price for sold properties during the month

96%

93.8%

94%

92.4%

92%
89.6%

90%
88%
86%
84%
82%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

700

383

348

436

406

462

456

462

408

373

398

377

422

403

468

494

455

409

300

464

486

483

479

465

460

535

485

554

540

588

578

565

545

499

475

400

458

500

541

600

456

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 November 2016 was 59, down 28.0% from 82 last month and
down 28.0% from 82 in November of last year.

200
100
0
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 J J A S O N
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Copyright © Coldwell Banker Residential Brokerage | Price Range: All | 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.

c o l dw el l b a n k er h o m es.c o m

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