Cabarrus Community Information | School District
Cabarrus 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 February was 0 , up from 0 days last month and down 100.0 % from 116 days in February of last year . The February 2017 DOM was at a mid level compared with February of 2016 and 2015 .
1,200
1,000
800
600
400
Days On Market for Sold Properties
3 Mo Avg
200 116
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 February 2017 Selling Price per Square Foot of $ 0 was up from $ 0 last month and down 100.0 % from 233 in February 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 February 2017 Selling Price vs Original List Price of 0.0 % was up from 0.0 % last month and down from 95.2 % in February of last year .
500 450 400 350 300 250 200 150 100
0
120 % 100 % 80 % 60 %
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17 |
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Selling Price per Square Foot
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14 |
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16 |
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17 |
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233
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
95.2 %
3 Mo Avg
3 Mo Avg
40 % 20 %
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 February 2017 was 2 , equal to 2 last month and down 50.0 % from 4 in February of last year .
18 16 14 12 10 8 6 4 2 0
0 %
12
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12 14
16
13 12
13
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12 11 11
Inventory / New Listings / Sales
10 10
11
10 12 12 12
14
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13 12 12
11 14 14
16 17 17 16 16
14
12
9 11
13 14 c o l d w e l l b a n k e r h o m e s . c o m | 9