CAR ARCHIVED November 2016 | Page 21

Market Action Report November 2016 Lincoln County: Lincoln 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 52, down 33.3% from 78 days last month and down 14.8% from 61 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 160 140 120 101 100 80 61 52 60 40 20 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 13 14 15 16 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 $121 was down 2.8% from $124 last month and up 10.5% from 109 in November of last year. 150 140 130 120 110 100 90 80 70 60 50 3 Mo Avg 121 111 109 D J F M A M J J A S O N D J