CAR ARCHIVED November 2017 | Page 17

Gaston Community Information | School District

Gaston Community Information | School District

Days On Market for Sold Properties
3 Mo Avg
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 45 , up 12.5 % from 40 days last month and down 26.2 % from 61 days in November of last year . The November 2017 DOM was at its lowest level compared with November of 2016 and 2015 .
120
100
80
60
40
89
61
45
20
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 2017 Selling Price per Square Foot of $ 100 was up 0.4 % from $ 99 last month and up 8.2 % from 92 in November of last year .
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 100 % original list price . The lower the ratio is below 100 % the more of
98 % a Buyer ' s market exists , a ratio at or above 100 % indicates more of a Seller ' s market . The November 2017 Selling Price vs Original 96 % List Price of 97.8 % was up from 96.0 % last month and up from 94.7 % in November of last year . 94 %
0
100 95 90 85 80 75 70 65 60 55 50
92 % 90 % 88 %
D J 14 15
D J 14 15
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
16
17
Selling Price per Square Foot
83
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
16
17
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
93.3 %
92
94.7 %
3 Mo Avg
3 Mo Avg
100
97.8 %
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 2017 was 277 , down 1.1 % from 280 last month and up 8.2 % from 256 in November of last year .
86 %
1,200
1,000 800 600 400 200
0
D J
14 15
1,123
1,118
D J 14 15
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
16
17
1,140 1,120 1,112 1,096 1,061 1,106 1,130
1,079
Inventory / New Listings / Sales
1,060 1,015 957 919 853 841 812 796 801 790
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
16
17
783 758 720 693 637 627 587 569 583 574 589 583 596 578 558 527 c o l d w e l l b a n k e r h o m e s . c o m | 17