CAR ARCHIVED September 2017 | Page 13

Market Action Report
September 2017
MECKLENBURG
County: Mecklenburg
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: $1,000,000 and Up | 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 September was 81, down 22.9%
from 105 days last month and up 12.5% from 72 days in
September of last year. The September 2017 DOM was at a mid
level compared with September of 2016 and 2015.
3 Mo Avg
250
200
150
129
100
81
72
50
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 September 2017 Selling Price per Square Foot of $293 was
down 8.7% from $321 last month and up 5.3% from 278 in
September of last year.
350
340
330
320
310
300
290
280
270
260
250
3 Mo Avg
319
293
278
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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
100%
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of 98%
a Buyer's market exists, a ratio at or above 100% indicates more
96%
of a Seller's market. The September 2017 Selling Price vs
94%
Original List Price of 96.0% was up from 95.2% last month and
up from 91.6% in September of last year.
92%
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
96.0%
95.3%
91.6%
90%
88%
86%
84%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
150
200
250
300
350
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 September 2017 was 79, up 79.5% from 44 last
month and up 25.4% from 63 in September of last year.
100
50
0
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Copyright © Coldwell Banker Residential Brokerage | Price Range: $1,000,000 and Up | 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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