CAR ARCHIVED October 2017 | Page 17

Gaston Community Information | School District

Gaston Community Information | School District

Days On Market for Sold Properties
3 Mo Avg
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 October was 40 , down 16.7 % from 48 days last month and down 37.5 % from 64 days in October of last year . The October 2017 DOM was at its lowest level compared with October of 2016 and 2015 .
120
100
80
60
40
66 64
40
20
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 $ 99 was up 5.3 % from $ 94 last month and up 18.1 % from 84 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 95.8 % was down from 96.2 % last month and down from 95.9 % in October of last year .
0
100 95 90 85 80 75 70 65 60 55 50
100 % 98 % 96 % 94 % 92 % 90 % 88 %
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
80
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 versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
92.8 %
84
3 Mo Avg
3 Mo Avg
95.9 % 95.8 %
99
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 280 , up 1.1 % from 277 last month and up 8.9 % from 257 in October of last year .
86 %
1,400 1,200 1,000 800 600 400 200
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
1,190 1,123 1,118 1,140 1,120 1,112 1,096 1,061 1,106 1,130
Inventory / New Listings / Sales
1,079 1,060 1,015 957 919 853 841 812 796
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
801 790 783 758 720 693 637 627 586 568 582 572 585 578 590 568 522 c o l d w e l l b a n k e r h o m e s . c o m | 17