CAR ARCHIVED November 2017 | Page 29

Market Action Report
November 2017
Yadkin
County: Yadkin
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 214, up 118.4%
from 98 days last month and up 125.3% from 95 days in
November of last year. The November 2017 DOM was at a mid
level compared with November of 2016 and 2015.
3 Mo Avg
300
250
214
200
150
99
100
95
50
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
100
direction of Property values. Since Median Sales Price and
95
Average Sales price can be impacted by the 'mix' of high or low
90
end Properties in the market, the selling price per square foot is a
85
more normalized indicator on the direction of Property values.
The November 2017 Selling Price per Square Foot of $81 was up
80
0.3% from $81 last month and down 18.1% from 99 in November
75
of last year.
70
65
60
55
50
3 Mo Avg
99
81
72
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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
120%
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
100%
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
80%
List Price of 87.2% was down from 92.1% last month and down
from 91.2% in November of last year.
60%
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
91.2%
87.2%
78.1%
40%
20%
0%
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200
180
160
140
120
100
80
60
40
20
0
Inventory / New Listings / Sales
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 12, down 47.8% from 23 last month and
down 14.3% from 14 in November of last year.
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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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