CAR ARCHIVED November 2016 | Page 15

Market Action Report

November 2016

Davie

County: Davie

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 118, up 61.6% from
73 days last month and up 68.6% from 70 days in November of
last year. The November 2016 DOM was at a mid level compared
with November of 2015 and 2014.

3 Mo Avg

200
180
160
140

118

120
100

78

80

70

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
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 $88 was
down 9.7% from $98 last month and up 12.1% from 79 in
November of last year.

150
140
130
120
110
100
90
80
70
60
50

3 Mo Avg

90

88
79

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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 91.1% was down from 94.8% last month
and down from 91.8% in November of last year.

3 Mo Avg

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

98%
96%
94%

91.8%

90.9%

92%

91.1%

90%
88%
86%
84%
82%
80%
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282

256

270

302

300

300

312

308

311

302

294

331

305

373

348

369

369

367

349

343

348

347

382

357

450

439

434

431

432

430

415

407

393

387

373

500
450
400
350
300
250
200
150
100
50
0

432

Inventory / New Listings / Sales

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 November 2016 was 41, down 46.8% from 77 last month and
down 4.7% from 43 in November of last year.

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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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