CAR ARCHIVED September 2017 | Page 22

Market Action Report
September 2017
RICHLAND
County: Richland
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 45.6%
from 149 days last month and down 90.2% from 823 days in
September of last year. The September 2017 DOM was at a mid
level compared with September of 2016 and 2015.
900
3 Mo Avg
823
800
700
600
500
400
300
200
100
81
25
0
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15
16
17
3 Mo Avg
3 Mo Avg
Selling Price versus Listing Price Ratio
Selling Price vs Original Listings Price
The Selling Price vs Original Listing Price reveals the average
120%
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 100%
of a Seller's market. The September 2017 Selling Price vs
80%
Original List Price of 82.7% was down from 88.8% last month
and down from 91.1% in September of last year.
60%
Avg Selling Price divided by Avg Listing Price for sold properties during the month
91.1%
89.2%
82.7%
40%
20%
0%
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15
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
70
40
35
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 September 2017 was 6, up 20.0% from 5 last month
and up 200.0% from 2 in September of last year.
20
10
0
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15
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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 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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