CAR ARCHIVED November 2017 | Page 21

Market Action Report
November 2017
Lincoln
County: Lincoln
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: All | Properties: SFH - Con
Days On Market for Sold Properties
3 Mo Avg
Market Time
160
The average Days On Market (DOM) shows how many days the
140
average Property is on the market before it sells. An upward
trend in DOM tends to indicate a move towards more of a
120
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for November was 62, down 18.4%
100
from 76 days last month and up 12.7% from 55 days in November
80
of last year. The November 2017 DOM was at a mid level
compared with November of 2016 and 2015.
60
61
62
55
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 2017 Selling Price per Square Foot of $124 was
down 6.6% from $133 last month and up 3.4% from 120 in
November of last year.
150
140
130
120
110
100
90
80
70
60
50
3 Mo Avg
124
120
109
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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
98%
amount that Sellers are agreeing to come down from their
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
94%
List Price of 96.3% was up from 95.6% last month and up from
95.9% in November of last year.
92%
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
96.3%
95.9%
95.8%
90%
88%
86%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
300
400
500
600
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 99, down 6.6% from 106 last month and
down 7.5% from 107 in November of last year.
200
100
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
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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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