Cabarrus Community Information | School District
Cabarrus Community Information | School District
Market Time |
100 |
The average Days On Market ( DOM ) shows how many days the average Property is on the market before it sells . An upward |
90 |
trend in DOM tends to indicate a move towards more of a |
80 |
Buyer ' s market , a downward trend a move towards more of a |
70 |
|
Seller ' s market . The DOM for November was 61 , up 32.6 % from
46 days last month and down 3.2 % from 63 days in November of last year . The November 2016 DOM was at its lowest level
|
60
50
|
compared with November of 2015 and 2014 . |
40 |
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 November 2016 Selling Price per Square Foot of $ 97 was up 0.6 % from $ 97 last month and up 5.7 % from 92 in November 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 November 2016 Selling Price vs Original List Price of 96.2 % was up from 96.0 % last month and up from 95.3 % in November of last year .
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 November 2016 was 238 , down 11.2 % from 268 last month and up 13.3 % from 210 in November of last year .
30 20 10 0
100 95 90 85 80 75 70 65 60 55 50
98 % 97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 %
1,400 1,200 1,000 800 600 400 200
D J 13 14
D J 13 14
D J 13 14
1,115 1,101
Days On Market for Sold Properties
66
Selling Price per Square Foot
Selling Price versus Listing Price Ratio
Inventory / New Listings / Sales
63 61
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 |
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15 |
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16 |
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88
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 |
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|
15 |
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16 |
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94.1 %
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 |
|
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15 |
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16 |
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1,132 1,176 1,193 1,222
Avg Selling Price divided by Avg Listing Price for sold properties during the month
1,192 1,160 1,121 1,084 1,019 996 906 917 903 956 961 970 927 965 960 982 940
92
95.3 %
872
749 734 685 722 772 774 787 800
3 Mo Avg
3 Mo Avg
3 Mo Avg
773 758
676
97
96.2 %
578
0 D J 13 14
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 |
|
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15 |
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16 |
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c o l d w e l l b a n k e r h o m e s . c o m | 9