CAR ARCHIVED May 2017 | Page 8

Market Action Report May 2017
Community Information | School District
Market Action Report May 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
$ 328,000
4 %
22 %
Average List Price of all Current Listings
$ 370,374
5 %
18 %
May Median Sales Price
$ 203,483
2 %
2 %
4 %
5 %
$ 196,000
5 %
1 %
May Average Sales Price
$ 221,664
-4%
0 %
4 %
3 %
$ 218,382
6 %
2 %
Total Properties Currently for Sale ( Inventory )
553
-4%
-28%
May Number of Properties Sold
316
22 %
-5%
1,257
2 %
May Average Days on Market ( Solds )
37 -10% -21% -34% -33%
47
-31%
-15%
Asking Price per Square Foot ( based on New Listings )
$ 112
7 %
4 %
5 %
10 %
$ 107
6 %
5 %
May Sold Price per Square Foot
$ 102
-1%
0 %
6 %
6 %
$ 101
9 %
5 %
May Month ' s Supply of Inventory
1.8 -22% -10% -24% -34%
2.3
-27%
-14%
May Sale Price vs List Price Ratio
97.4 %
. 3 %
. 5 %
. 4 %
1.2 %
96.8 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
400 May Property sales were 316 , down 5.4 % from 334 in May of 2016 and 22.5 % higher than the 258 sales last month . May 2017 350 Property sales were Sales at a mid level compared to May of 2016 and 2015 . 400 May Property sales were 316 , down 5.4 % from 334 in May of 300 May YTD sales of 1,257 are running 1.9 % ahead of last year ' s 2016 and 22.5 % higher than the 258 sales last month . May 2017 350 year-to-date sales of 1,233 .
250 sales were at a mid level compared to May of 2016 and 2015 .
300 May YTD sales of 1,257 are running 1.9 % ahead of last year ' s 200 year-to-date sales of 1,233 .
250 150
200 100
150 50
100 0
50
J Prices
14
The Median Sales Price in May was $ 203,483 , up 3.8 % from Prices
250
$ 196,000 in May of 2016 and up 1.7 % from $ 200,000 last The month Median . The Sales Average Price Sales in May Price was in $ 203,483 May was , up $ 221,664 3.8 % from , up 4.1 %
250
$ from 196,000 $ 212,994 in May in of May 2016 of and 2016 up and 1.7 % down from $ 3.8 200,000 % from last $ 230,316 month . The Average Sales Price in May was $ 221,664 , up 4.1 %
240 last month . May 2017 ASP was at the highest level compared to from $ 212,994 in May of 2016 and down 3.8 % from $ 230,316 230 May of 2016 and 2015 . last month . May 2017 ASP was at the highest level compared to
May of 2016 and 2015 .

Cabarrus

Agent Name
Title Phone Website Other

Community Information | School District

0
220 210 200 190 180 170 160 150
276 294 325 236 267
Number of Properties Sold
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
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
15
16
17
3 Mo Avg
Median Sales Price and Average Sales Price
276 294 325 236 267 194 249 179 168 225 249 271 344 365 271 285 257 205 273 173 185 284 257 334 342 328 354 312 281 225 305 201 181 301 258 316
240 230 220 210 200 190 180 170 160 150
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
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of May
The was Total 553 , Inventory down 4.5 % of from Properties 579 last available month for and sale down as of 28.2 May % from
1,400 was 770553 in , May down of 4.5 last % year from . 579 May last 2017 month Inventory and down was 28.2 at its % lowest from
1,4001,200
Total Inventory & Month ' s Supply of Inventory ( MSI )
6.0
770 level in compared May of last with year . May of 2017 2016 Inventory and 2015 was . at its lowest level compared with May 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 May 2017 for sellers MSI of while 1.8 a
2.0
400 higher months MSI was is better at its lowest for buyers level . The compared May 2017 with MSI May of of 1.82016 and
200
1.0 months was at its lowest level compared with May of 2016 and
200
2015 .
0
2015 .
0
0.0
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
J A S O N D J
F M A M
14
15
16
17
14
15
16
17
1,192 1,160 1,121 1,084 1,019 996
906 194 249 179 168 225 249
917 903 956 961 970 927 965 960 982 940 873
Number of Properties Sold
271 344 365 271 285 257 205 273 173 185 284 257 334 342 328 354 312
750 735 685 723 770 770 782 794 767 751
671 588 538 517 548 281 225
3 Mo Avg
305
3 Mo Avg
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
1,192 1,160 1,121 1,084 1,019 996 906 917 903 956 961 970 927 965 960 982 940 873 750 735 685 723 770 770 782 794 767 751
671
561 579 553 201 181
588 538 517 548 561
3 Mo Avg
301 258
579 553
316
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 .