CAR ARCHIVED October 2017 | Page 7

Market Action Report
County: Alexander
October 2017
Alexander
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: All | Properties: SFH - Con
Days On Market for Sold Properties
3 Mo Avg
Market Time
250
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
200
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 118, up 103.4% from
150
58 days last month and up 118.5% from 54 days in October of last
year. The October 2017 DOM was at a mid level compared with
100
October of 2016 and 2015.
118
73
54
50
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
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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 October 2017 Selling Price per Square Foot of $75 was down
25.4% from $101 last month and down 30.5% from 108 in
October of last year.
150
140
130
120
110
100
90
80
70
60
50
3 Mo Avg
108
89
75
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
17
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 October 2017 Selling Price vs Original
List Price of 84.0% was down from 95.3% last month and down
from 95.2% in October of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
100%
97.2%
95.2%
95%
90%
84.0%
85%
80%
75%
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
Inventory / New Listings / Sales
100
90
80
70
60
50
40
30
20
10
0
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 14, down 36.4% from 22 last month and
down 6.7% from 15 in October of last year.
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
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Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: SFH - Con
Data is provided courtesy of Charlotte Regional REALTOR Association, Triad MLS, Inc. 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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