CAR ARCHIVED November 2017 | Page 56

Market Action Report
County: Richland
November 2017
Richland
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 76, down 3.8%
from 79 days last month and down 8.4% from 83 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
120
101
100
83
76
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
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 $45 was
down 39.3% from $74 last month and up 2.3% from 44 in
November of last year.
100
90
80
70
60
50
40
30
20
10
0
48
3 Mo Avg
45
44
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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 94.4% was equal to 94.4% last month and up from
93.6% in November of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
96%
95%
94.4%
93.6%
94%
93%
92.1%
92%
91%
90%
89%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
2,000
2,500
3,000
3,500
4,000
4,500
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 692, down 3.6% from 718 last month and
up 4.1% from 665 in November of last year.
1,500
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, Consolidated Multiple Listing Service 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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