CAR ARCHIVED November 2016 | Page 23

Market Action Report

County: Mecklenburg

November 2016

Mecklenburg
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 42, equal to 42
days last month and down 19.2% from 52 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

80
70

63

60

52

50

42

40
30
20
10
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 $129 was up
1.6% from $127 last month and up 7.8% from 120 in November
of last year.

150
145
140
135
130
125
120
115
110
105
100

3 Mo Avg

129
120
112

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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 Sellin g Price vs
Original List Price of 97.0% was down from 97.1% last month
and up from 96.0% in November of last year.

3 Mo Avg

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

99%
98%

97.0%

97%

96.0%

96%
94.7%

95%
94%
93%
92%
91%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

7,000

3,000

3,775

3,519

3,930

3,829

3,889

3,802

3,623

3,452

3,362

3,238

3,877

3,410

4,428

4,300

4,672

4,524

4,563

2,000

4,536

4,486

4,339

4,096

4,064

5,321

5,133

5,661

5,776

5,744

5,676

5,514

4,761

4,234

3,000

5,254

4,000

4,888

5,000

5,017

6,000

4,780

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 1,372, down 22.4% from 1,769 last month
and up 11.4% from 1,232 in November of last year.

1,000
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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