CAR ARCHIVED October 2017 | Page 13

Davidson Community Information | School District

Davidson 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 October was 62 , down 23.5 % from
100
81 days last month and down 20.5 % from 78 days in October of
last year . The October 2017 DOM was at its lowest level
80
compared with October 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 October 2017 Selling Price per Square Foot of $ 97 was down 0.9 % from $ 98 last month and down 0.2 % from 97 in October 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 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 October 2017 Selling Price vs Original List Price of 94.5 % was up from 94.0 % last month and up from 92.0 % in October of last year .
40 20 0
150 140 130 120 110 100 90 80 70 60 50
96 % 94 % 92 % 90 % 88 % 86 %
Days On Market for Sold Properties
104
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 D
J
F M A M J
J
A
S O
14
15
16
17
Selling Price per Square Foot
82
Selling Price versus Listing Price Ratio
78 62
97 97
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 D
J
F M A M J
J
A
S O
14
15
16
17
Avg Selling Price divided by Avg Listing Price for sold properties during the month
91.4 %
92.0 %
3 Mo Avg
3 Mo Avg
3 Mo Avg
94.5 %
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 October 2017 was 182 , down 7.1 % from 196 last month and up 16.7 % from 156 in October of last year .
84 %
1,200
1,000 800 600 400
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 D
J
F M A M J
J
A S O
14
15
16
17
1,062 960 942 897 921 962 998 986 972 967
Inventory / New Listings / Sales
946
890 831 789 760 717 758 765 778 758 754 758 732 706 671 602 586 635 660 651 674 657 651 644 618 570
200 0
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 D
J
F M A M J
J
A S O
14
15
16
17
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