CAR ARCHIVED November 2017 | Page 48

Market Action Report
County: Lancaster
November 2017
Lancaster
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 95, up 69.6% from
56 days last month and down 6.9% from 102 days in November
of last year. The November 2017 DOM was at its lowest level
compared with November of 2016 and 2015.
3 Mo Avg
180
160
140
116
120
102
95
100
80
60
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
100
direction of Property values. Since Median Sales Price and
95
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 90
85
more normalized indicator on the direction of Property values.
The November 2017 Selling Price per Square Foot of $98 was up
80
7.2% from $92 last month and up 2.2% from 96 in November of
75
last year.
70
65
60
55
50
3 Mo Avg
98
96
80
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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
100%
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
a Buyer's market exists, a ratio at or above 100% indicates more
95%
of a Seller's market. The November 2017 Selling Price vs Original
List Price of 94.2% was up from 93.7% last month and up from
90%
93.6% in November of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
94.2%
93.6%
88.5%
85%
80%
75%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
350
50
100
150
200
250
300
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 28, down 17.6% from 34 last month and
down 22.2% from 36 in November of last year.
0
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Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: SFH - Con
Data is provided courtesy of Charleston Trident Association of REALTORS, Piedmont Regional Association of REALTORS, Sumter Board of REALTORS, Consolidated Multiple Listing Service and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage
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| c o l dw el l b a n k er h o m es . c o m
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.