CAR ARCHIVED November 2017 | Page 25

Rowan Community Information | School District

Rowan Community Information | School District

Market Time
160
The average Days On Market ( DOM ) shows how many days the
average Property is on the market before it sells . An upward
140
trend in DOM tends to indicate a move towards more of a
Buyer ' s market , a downward trend a move towards more of a
120
Seller ' s market . The DOM for November was 63 , up 37.0 % from
100
46 days last month and up 3.3 % from 61 days in November of
last year . The November 2017 DOM was at a mid level compared
80
with November of 2016 and 2015 .
60
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 $ 81 was down 8.4 % from $ 89 last month and down 4.2 % from 85 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
96 %
original list price . The lower the ratio is below 100 % the more of
94 %
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
List Price of 91.3 % was down from 94.9 % last month and down
92 %
90 %
from 95.1 % in November of last year .
88 %
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 155 , up 12.3 % from 138 last month and up 10.7 % from 140 in November of last year .
40 20 0
100 95 90 85 80 75 70 65 60 55 50
86 % 84 % 82 % 80 % 78 %
900 800 700 600 500 400 300 200 100
0
D J 14 15
D J 14 15
D J
14 15
775
771
D J 14 15
713
Days On Market for Sold Properties
81
Selling Price per Square Foot
Selling Price versus Listing Price Ratio
Inventory / New Listings / Sales
61 63
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
79
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
Avg Selling Price divided by Avg Listing Price for sold properties during the month 95.1 %
90.3 %
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
727 708 738 744 760 768 763 732
681
640 601 600 570 587 552 557 562 548 553 549
85
529 489 494 495 500 531 530 523 511
3 Mo Avg
3 Mo Avg
3 Mo Avg
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
547 559 547
81
91.3 %
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