Carroll Community Information
Carroll Community Information
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 July was 52 , down 3.7 % from 54 days last month and down 3.7 % from 54 days in July of last year . The July 2016 DOM was at its lowest level compared with July of 2015 and 2014 .
120
100
80
60
40
20
Days On Market for Sold Properties
3 Mo Avg
69 54 52
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 July 2016 Selling Price per Square Foot of $ 151 was up 2.8 % from $ 147 last month and up 4.2 % from 145 in July of last year .
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 July 2016 Selling Price vs Original List Price of 95.1 % was down from 96.6 % last month and down from 96.7 % in July of last year .
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Selling Price per Square Foot |
3 Mo Avg |
200 190 180 170 160 150 140 130 120 110 100
98 % 96 % 94 % 92 % 90 % 88 %
147
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145
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
94.9 %
96.7 %
3 Mo Avg
151
95.1 %
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 July 2016 was 289 , down 4.9 % from 304 last month and down 4.3 % from 302 in July of last year .
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Inventory / New Listings / Sales |
1,200
1,000 800 600 400
830 822
772
722 663 641 620
679 756
861 924 966 990 1,003 979
910 820 792 792 797
866 947 992 988 967 963
907 834
762 703 694 722
795 876 863 819
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c o l d w e l l b a n k e r h o m e s . c o m | 13