CAR ARCHIVED May 2017 | Page 24

Market Action Report
Rowan
County: Rowan
Agent Name
Market Action Report
County: Rowan
May 2017
Title
Phone
Agent
Name
Website
Title Other
Phone
Trending versus*:
Website
Month
LM L3M PYM
LY
Other
$185,000
3%
17%
May 2017
Community Information | School District
Price Range: All | Properties: SFH - Con
Market Profile & Trends Overview
Median
Price
of - Con
all Current Listings
Price
Range: All List
| Properties:
SFH
versus*:
$285,123 Trending
9%
25%
L3M 9%
PYM 11%
LY
11%
$185,000 3%
17%
$160,659 11% 5% 12%
$285,123 9%
25%
502 -3%
-9%
$149,490 11% 9% 11% 11%
133 -4%
-4%
$160,659 11% 5% 12% 5%
92 19% 1% -21%
502 -3%
-9%
$98 -16% -2%
13%
133 -4%
-4%
$84
10%
4%
92 19% 1% -21% 11%
6%
3.8 1%
$98 -16%
-2% 4%
13% -5%
13%
$84 93.1%
10% .2%
4% .4%
11% 3.1%
5%
Average List Price of all Current Listings
Market
Profile
& Trends
May Median
Sales
Price Overview
Median List Price of all Current Listings
May Average Sales Price
Average List Price of all Current Listings
Total Properties Currently for Sale (Inventory)
May Median Sales Price
May Number of Properties Sold
May Average Sales Price
May Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
Asking Price per Square Foot (based on New Listings)
May Number of Properties Sold
May Sold Price per Square Foot
May Average Days on Market (Solds)
May Month's
Inventory
Asking
Price per Supply
Square of Foot
(based on New Listings)
Month
LM
$149,490
May Sold
Sale Price
Price per
vs Square
List Price
Ratio
May
Foot
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
3.8 1%
93.1% .2%
May Month's Supply of Inventory
May Sale Price vs List Price Ratio
* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
Property
Sales
160
May Property sales were 133, down 4.3% from 139 in May of
140
2016 and 4.3% lower than the 139 sales last month. May 2017
Property
sales were Sales
at a mid level compared to May of 2016 and 2015. 160
120
May
sales
133, running
down 4.3%
from
139 in
of
May Property
YTD sales
of were
593 are
17.7%
ahead
of May
last year's
year-
140
2016 and 4.3% lower than the 139 sales last month. May 2017
to-date sales of 504.
100
Trending versus*:
Prior YTD Prior Year
YTD
Trending versus*:
YTD
Prior YTD 10%
Prior Year
$140,000
11%
5%
$152,020
6%
$140,000
10%
593
$152,020
6%
6%
88
13%
$98
593
18%
5%
88 $81
-17%
-30%
4.5
$98
13%
1.1%
$81 92.9%
8%
4%
-1%
4%
18%
-1%
-17%
1%
13%
13%
8% 1%
1%
-29% 13% -17%
3% 1%
1%
4% -5% -30%
4.5 -29%
-17%
of 92.9%
Properties
.4% 3.1% Number
1.1%
3% Sold 1%
3 Mo Avg
Number of Properties Sold
3 Mo Avg
sales were at a mid level compared to May of 2016 and 2015.
120
May YTD sales of 593 are running 17.7% ahead of last year's year-
80
to-date sales of 504.
100
60
80
118
0
20
Prices
190
Median Sales Price and Average Sales Price
70
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
14
15
16
17
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
Median
Sales
Price
and
Average
Sales
Price
3 Mo Avg
14
15
16
17
0
The Median Sales Price in May was $149,490, up 10.7% from
Prices
$135,000 in May of 2016 and up 10.7% from $135,000 last
The
Median
Sales
Price Sales
in May
was in
$149,490,
10.7% from
month.
The
Average
Price
May was up $160,659,
up 11.6%
$135,000
in May in
of May
2016 of and
up and
10.7%
$135,000
last
from $143,999
2016
up from
11.2%
from $144,513
last 190
month.
Average
Sales was
Price
was $160,659,
up 11.6%
month. The
May
2017 ASP
at in
the May
highest
level compared
to May
170
from
$143,999
in May of 2016 and up 11.2% from $144,513 last
of 2016
and 2015.
month. May 2017 ASP was at the highest level compared to May 150
of 2016 and 2015.
130
20
40
40
60
3 Mo Avg
170
150
130
110
110 90
90 70
70 50
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
17 M
J J 14 A S O N D J F 15
M A M J J A S O N D J F M 16 A M J J A S O N D J F M A
14
15
16
17
400
A comparatively lower MSI is more beneficial for sellers while a 400
A higher
comparatively
lower for
MSI buyers.
is more The
beneficial
for sellers
while
MSI is better
May 2017
MSI of
3.8 a
200
higher
MSI
is better
for buyers.
May 2017
MSI
of of
3.8 2016 and 200
months
was
at its lowest
level The
compared
with
May
months
0
2015. was at its lowest level compared with May of 2016 and
0
2015.
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
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
14
15
16
17
14
15
16
17
Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: SFH - Con
Copyright © Coldwell
Residential
| Price
c o Banker
ldw
e l l Brokerage
bank
e r Range:
h o All m | e Property
s c Types:
o m 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
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
warrant
or guarantee
accuracy
of this
information.
It is responsibility
the responsibility
any or
buyer
or to seller
verify
and all information
to such consumer’s
estate transaction.
does
not not
warrant
or guarantee
the the
accuracy
of this
information.
It is the
of any of buyer
sell er
verify to any
and any
all information
relevant relevant
to such consumer’s
real estate real
transaction.
24 |
.
14.0
14.0 12.0
12.0 10.0
10.0
8.0
600
600
level compared with May of 2016 and 2015.
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
800
Inventory & MSI
The Total Inventory
Inventory
& MSI of Properties available for sale as of May
1,000
was Total
502, Inventory
down 3.5%
from 520 last
month
The
of Properties
available
for and
sale down
as of 9.1%
May from
552 502,
in May
of 3.5%
last year.
May last
2017
Inventory
was 9.1%
at its from
lowest 1,000
was
down
from 520
month
and down
800
level
2016
and 2015.
552
in compared
May of last with
year. May
May of 2017
Inventory
was at its lowest
50
6.0
4.0
2.0
0.0
M A M
8.0
6.0
4.0
2.0
0.0