CAR ARCHIVED October 2017 | Page 32

Market Action Report
October 2017
Aiken
County: Aiken
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 October was 21, down 90.5% from
222 days last month and down 88.5% from 183 days in October
of last year. The October 2017 DOM was at its lowest level
compared with October of 2016 and 2015.
3 Mo Avg
800
700
600
500
400
300
183
158
200
100
21
0
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15
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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
90
end Properties in the market, the selling price per square foot is a
85
more normalized indicator on the direction of Property values.
The October 2017 Selling Price per Square Foot of $0 was up
80
from $0 last month and up from 0 in October of last year.
75
70
65
60
55
50
3 Mo Avg
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15
16
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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
amo unt 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 100.0% was up from 93.6% last month and up from
67.5% in October of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
160%
140%
120%
100.0%
100%
80%
67.5%
61.3%
60%
40%
20%
0%
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16
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
20
30
40
50
60
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 5, up 150.0% from 2 last month and up
66.7% from 3 in October of last year.
10
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
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15
16
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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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