CAR ARCHIVED November 2016 | Page 32

Market Action Report

County: Berkeley

November 2016

Berkeley
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 50, up 6.4% from
47 days last month and down 24.2% from 66 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

120
100
76

80

66

60

50

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 $126 was up
3.4% from $122 last month and up 9.5% from 115 in November
of last year.

150
145
140
135
130
125
120
115
110
105
100

3 Mo Avg

126

115
106

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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 98.4% was up from 97.4% last month and
up from 97.1% in November of last year.

3 Mo Avg

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

99%
99%
98%
98%
97%
97%
96%
96%
95%
95%
94%
94%

98.4%

97.1%
96.4%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

855

873

854

899

889

969

940

1,003

943

1,045

896

788

600

972

1,167

1,109

1,146

1,220

1,211

1,186

1,168

1,142

1,119

1,106

1,131

1,112

1,235

1,196

1,175

1,116

1,160

1,147

1,097

800

1,110

1,000

1,069

1,200

1,163

1,400

1,042

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 304, down 10.9% from 341 last month
and equal to 304 in November of last year.

400
200
0
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Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: SFH - Con
Data is provided courtesy of Charleston Trident Association of REALTORS, Piedmont Regional Association of REALTORS 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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