CAR ARCHIVED November 2017 | Page 19

Iredell Community Information | School District

Iredell 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 72 , up 1.4 % from 71 days last month and up 26.3 % from 57 days in November of last year . The November 2017 DOM was at a mid level compared with November of 2016 and 2015 .
120
100
80
60
40
76
57
72
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 $ 121 was up 0.1 % from $ 121 last month and up 8.8 % from 111 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
97 %
original list price . The lower the ratio is below 100 % the more of
96 %
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
95 %
List Price of 94.0 % was down from 94.9 % last month and down
94 %
from 95.9 % in November of last year .
93 %
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 208 , down 29.3 % from 294 last month and down 9.6 % from 230 in November of last year .
0
150 140 130 120 110 100 90 80 70 60 50
92 % 91 % 90 % 89 %
1,400 1,200 1,000 800 600 400 200
D J 14 15
D J 14 15
D J 14 15
1,109 1,102
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
106
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
111
Selling Price versus Listing Price Ratio
92.1 %
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
1,099 1,192 1,175
1,247
Avg Selling Price divided by Avg Listing Price for sold properties during the month
1,283 1,255 1,251 1,240
95.9 %
Inventory / New Listings / Sales
1,228
1,140 1,074 1,030 1,005 1,060 1,130 1,123 1,180 1,158 1,129 1,098 1,066 998 885 886 904 979 996 1,026 1,045 1,088
3 Mo Avg
3 Mo Avg
1,071 1,059 1,002
121
94.0 %
888
0 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
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