CAR ARCHIVED June 2017 | Page 8

Market Action Report June 2017
Community Information | School District
Market Action Report June 2017

County : Cabarrus

Price Range : All | Properties : SFH - Con
Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
$ 329,000
2 %
20 %
Average List Price of all Current Listings
$ 363,828
1 %
14 %
June Median Sales Price
$ 210,878
6 %
5 %
0 %
9 %
$ 199,905
4 %
3 %
June Average Sales Price
$ 244,664
11 %
7 %
6 %
14 %
$ 223,920
6 %
4 %
Total Properties Currently for Sale ( Inventory )
578
-1%
-26%
June Number of Properties Sold
342
6 %
0 %
1,613
2 %
June Average Days on Market ( Solds )
37
0 %
-10% -20% -33%
45
-29%
-18%
Asking Price per Square Foot ( based on New Listings )
$ 108
-4%
0 %
3 %
6 %
$ 107
5 %
5 %
June Sold Price per Square Foot
$ 105
4 %
2 %
6 %
10 %
$ 102
9 %
6 %
June Month ' s Supply of Inventory
1.7
-6% -12% -26% -36%
2.2
-27%
-17%
June Sale Price vs List Price Ratio
98.0 %
. 7 %
. 7 %
1.7 % 1.8 %
97.0 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date

Cabarrus

Agent Name
Title Phone Website Other

Community Information | School District

Property Sales
400
June Property sales were 342 , equal to 342 in June of 2016 and
5.6 % higher than the 324 sales last month . June 2017 sales were
350
Property at their lowest Sales level compared to June of 2016 and 2015 . June
400
June Property sales were 342 , equal to 342 in June of 2016 and
300
YTD sales of 1,613 are running 2.4 % ahead of last year ' s year-todate sales of 1,575 .
250
5.6 % higher than the 324 sales last month . June 2017 sales were
350 at their lowest level compared to June of 2016 and 2015 . June
300
YTD sales of 1,613 are running 2.4 % ahead of last year ' s year-todate
200
Number of Properties Sold
3 Mo Avg
sales of 1,575 .
250
150
200
100
150
50
100
50
0
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
0
14
15
16
17
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
Prices
Median Sales Price and Average Sales Price
14
15
16
17
3 Mo Avg
The Median Sales Price in June was $ 210,878 , up 0.4 % from
Prices
250
$ 210,000 in June of 2016 and up 5.7 % from $ 199,475 last
Median Sales Price and Average Sales Price
3 Mo Avg
The month Median . The Sales Average Price Sales in June Price was in $ 210,878 June was , up $ 244,664 0.4 % from , up 6.2 %
240
250
$ from 210,000 $ 230,384 in June in of June 2016 of and 2016 up 5.7 and % up from 10.9 $ 199,475 % from last $ 220,614
230 month . The Average Sales Price in June was $ 244,664 , up 6.2 %
240 last month . June 2017 ASP was at the highest level compared to
220 from $ 230,384 in June of 2016 and up 10.9 % from $ 220,614
230
June of 2016 and 2015 .
210 last month . June 2017 ASP was at the highest level compared to
220
200
June of 2016 and 2015 .
210
190
200
180
190
170
180
170
160
160
150
150
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
294 325 236 267 194
294 325 236 267 194 249 179 168 225 249 271 344 365 271 285 257 205 273 173 185 284 257 334 342 328 354 312 281 225 305 201 181 306 259 324 342
14
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
14
15
16
17
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of June
The was Total 578 , Inventory down 0.5 of % Properties from 581 last available month for and sale down as of 25.5 June % from
1,400 was 776578 in , June down of 0.5 last % from year . 581 June last 2017 month Inventory and down was 25.5 at % its from lowest
1,4001,200
Total Inventory & Month ' s Supply of Inventory ( MSI )
6.0
776 level in June compared of last with year June . of 2017 2016 Inventory and 2015 was . at its lowest level compared with June of 2016 and 2015 .
1,2001,000
1,000
800
5.0
4.0
800
600
3.0
A comparatively lower MSI is more beneficial for sellers while a
600
400
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial June 2017 for sellers MSI of while 1.7 a
2.0
400 higher months MSI was is better at its lowest for buyers level . The compared June 2017 with MSI June of of 1.72016 and
200
1.0 months was at its lowest level compared with June of 2016 and
200
2015 .
0
2015 .
0
0.0
J
A S O N D J
F M A M J
J A S O N D J
F M A M J
J A S O N D J
F M A M J
J
A S O N D J
F M A M J
J A S O N D J
F M A M J
J A S O N D J
F M A M J
14
15
16
17
14
15
16
17
1,160 1,121 1,084 1,019 995 905 916 249 179
15
168 225
1,160 1,121 1,084 1,019 995 905 916 902 955 249 271
902 955 960 968 925 963 957 979 937 870
Number of Properties Sold
344 365 271 285 257 205
960 968 925 963 957 979 937 870
273 173
16
185 284 257 334
747 732 682 720 767 765 776 342 328 354 312 281
747 732 682 720 767 765 776 788 761 745
665 583 533 513 545
225
788 761 745
665 583 533 305 201
17
563 588 581 578 181 306
513 545 563 588
3 Mo Avg
259 324
581 578
342
6.0 5.0 4.0
3.0 2.0 1.0 0.0
8 | c o l d w e l l b a n k e r h o m e s . c o m
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 .