CAR ARCHIVED November 2017 | Page 50

Market Action Report
County: Lexington
November 2017
Lexington
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 70, up 7.7% from
65 days last month and down 25.5% from 94 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
140
120
100
94
89
80
70
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
direction of Property values. Since Median Sales Price and
140
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 120
more normalized indicator on the direction of Property values.
100
The November 2017 Selling Price per Square Foot of $0 was up
80
from $0 last month and down 100.0% from 36 in November of
last year.
60
40
40
3 Mo Avg
36
20
0
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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
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
of a Seller's market. The November 2017 Selling Price vs Original
List Price of 95.0% was up from 94.7% last month and up from
94.4% in November of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
97%
96%
95.0%
95%
94.4%
94%
93.4%
93%
92%
91%
90%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
1,500
2,000
2,500
3,000
3,500
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 549, down 5.5% from 581 last month and
up 3.6% from 530 in November of last year.
1,000
500
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 Charleston Trident Association of REALTORS, Piedmont Regional Association of REALTORS, Sumter Board of REALTORS,