ATL ARCHIVED February 2016 | Page 9

MARKET ACTION REPORT

County: Cherokee

Cherokee

February 2016

Agent Name

Title
Phone
Website
Other

Community Information | School District

Price Range: $1,000,000 and Up | Properties: SFH - Condo

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 February was 0, up from 0 days last month
and down 100.0% from 214 days in February of last
year. The February 2016 DOM was at a mid level
compared with February of 2015 and 2014.

500
450
400
350
300
250
200
150
100
50
0

214

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Selling Price vs Original Listing 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 February 2016 Selling Price vs Original List Price of
0.0% was up from 0.0% last month and down from
91.5% in February of last year.

3 Mo Avg

Average Days on Market (Listing to Contract) for properties sold during the month

Selling Price versus Listing Price Ratio
3 Mo Avg

Avg Selling Price divided by Avg Listing Price for sold properties during the month

160%
140%
120%
100%

91.5%

84.4%

80%
60%
40%
20%
0%

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Inventory / New Listings / Sales
Sales

26
28
26
19
21
18
21
21
21
23

23
24
26

36
33
35
34
34
34
34
35
33
36
37
35
32

15

23
22

20

New Listings

29

25

33

30

28
28
30
30

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
February 2016 was 4, down 20.0% from 5 last month
and up 33.3% from 3 in February of last year.

Inventory

35

24
25

Inventory / New Listings / Sales

40

10
5
0

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Copyright © Coldwell Banker | Price Range: $1,000,000 and Up | Property Types: SFH - Condo

Data is provided courtesy of First Multiple Listing Service: FMLS Atlanta, Georgia 1 and may not reflect all relevant real estate activity. Coldwell Banker
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.

c o l dw el l b a n k er h o m es.c o m

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