CAR ARCHIVED November 2016 | Page 13

Market Action Report

County: Davidson

November 2016

Davidson
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 November was 81, up 3.8% from
78 days last month and down 25.7% from 109 days in November
of last year. The November 2016 DOM was at its lowest level
compared with November of 2015 and 2014.

3 Mo Avg

160
133

140
120

109

100

81

80
60
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
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 November 2016 Selling Price per Square Foot of $87 was
80
down 10.3% from $97 last month and up 4.6% from 83 in
75
November of last year.
70
65
60
55
50

3 Mo Avg

87
83

81

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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 92.8% was up from 92.0% last month and
up from 90.6% in November of last year.

3 Mo Avg

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

96%
94%

92.8%

92%

90.8%

90.6%

90%
88%
86%
84%
82%
80%
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700

699

757

729

751

776

755

764

756

760

715

832

789

947

892

973

968

999

600

987

963

922

943

898

1,062

960

1,141

1,194

1,190

1,179

1,154

1,136

1,116

1,099

1,085

1,072

1,113

Inventory / New Listings / Sales

Inventory / New Listings / Sales

This last view of the market combines monthly inventory of
1,400
Properties for sale along with New Listings and Sales. The graph
shows the basic annual seasonality of the market as well as the
1,200
relationship between these items. The number of New Listings
in November 2016 was 136, down 12.8% from 156 last month and 1,000
up 27.1% from 107 in November of last year.
800

400
200
0
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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.

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