CHARLESTON
Community Information | School District
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 126 , down 17.6 % from 153 days last month and down 26.7 % from 172 days in September of last year . The September 2017 DOM was at its lowest level compared with September of 2016 and 2015 . |
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Days On Market for Sold Properties
200
172
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3 Mo Avg
126
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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 $ 420 was down 12.6 % from $ 481 last month and down 7.0 % from 452 in September of last year .
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Selling Price per Square Foot
427
452
3 Mo Avg
420
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 September 2017 Selling Price vs Original List Price of 90.3 % was down from 92.1 % last month and down from 92.1 % in September of last year .
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 September 2017 was 51 , down 7.3 % from 55 last month and down 22.7 % from 66 in September of last year .
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96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 % 78 % 76 %
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Selling Price versus Listing Price Ratio
90.0 %
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400 378 354 368 387 386 395
Avg Selling Price divided by Avg Listing Price for sold properties during the month
392 389 376
92.1 %
Inventory / New Listings / Sales
353 363 350 344 327 343
377 434 433 448 449 434 430 430 422 415 397 394
428 465 485 472
3 Mo Avg
482 477 458
90.3 %
451
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