CAR ARCHIVED November 2016 | Page 27

Market Action Report

November 2016

Union

County: Union

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, up 4.0% from
50 days last month and down 24.6% from 69 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

90
80

73

69

70
60

52

50
40
30
20
10
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 $114 was
down 1.9% from $116 last month and up 10.3% from 103 in
November of last year.

150
140
130
120
110
100
90
80
70
60
50

3 Mo Avg

114
103

98

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 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 97.1% was up from 96.9% last month and
up from 95.8% in November of last year.

3 Mo Avg

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

98%

97.1%

97%
95.8%

96%
95.0%

95%
94%
93%
92%

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

Inventory / New Listings / Sales

Inventory / New Listings / Sales

1,033

868

600

955

1,134

1,064

1,119

1,063

978

1,025

950

941

1,058

940

1,169

1,124

1,259

1,199

1,237

1,231

1,217

1,150

1,096

1,086

1,265

1,418

1,327

1,478

1,420

1,372

1,183

1,084

800

1,320

1,000

1,248

1,200

1,232

1,400

1,416

1,600

1,225

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 279, down 19.1% from 345 last month
and up 7.7% from 259 in November of last year.

400
200
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
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 re al 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

| 27