CAR ARCHIVED September 2017 | Page 7

Market Action Report
County: Alexander
September 2017
Alexander
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 September was 58, down 40.2%
from 97 days last month and down 45.3% from 106 days in
September of last year. The September 2017 DOM was at its
lowest level compared with September of 2016 and 2015.
3 Mo Avg
250
200
150
133
106
100
58
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 $101 was
up 3.1% from $98 last month and down 9.3% from 111 in
September of last year.
150
140
130
120
110
100
90
80
70
60
50
3 Mo Avg
111
101
71
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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
95%
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 95.3% was up from 89.2% last month and
90%
up from 94.3% in September of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
95.3%
94.3%
86.8%
85%
80%
75%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
This last view of the market combines monthly inventory of
100
Properties for sale along with New Listings and Sales. The
90
graph shows the basic annual seasonality of the market as well
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as the relationship between these items. The number of New
Listings in September 2017 was 22, up 15.8% from 19 last month 70
60
and up 69.2% from 13 in September of last year.
50
40
30
20
10
0
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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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