CAR ARCHIVED November 2017 | Page 8

Market Action Report November 2017
Community Information | School District
Market Action Report November 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
$ 309,900
3 %
7 %
Average List Price of all Current Listings
$ 351,312
0 %
14 %
November Median Sales Price
$ 217,333
2 %
0 %
9 %
12 %
$ 209,900
8 %
8 %
November Average Sales Price
$ 237,886
6 %
2 %
8 %
11 %
$ 229,984
8 %
7 %
Total Properties Currently for Sale ( Inventory )
535
-2%
-8%
November Number of Properties Sold
256
-5%
14 %
3,081
0 %
November Average Days on Market ( Solds )
52
37 %
33 % -13%
-5%
42
-25%
-24%
Asking Price per Square Foot ( based on New Listings )
$ 111
-1%
1 %
8 %
9 %
$ 108
6 %
6 %
November Sold Price per Square Foot
$ 107
4 %
2 %
10 %
12 %
$ 103
7 %
7 %
November Month ' s Supply of Inventory
2.1
4 %
3 %
-19% -21%
2.1
-22%
-20%
November Sale Price vs List Price Ratio
96.3 %
-. 2 %
-. 5 %
. 1 %
. 0 %
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
November Property sales were 256 , up 13.8 % from 225 in Number of Properties Sold
3 Mo Avg
November of 2016 and 5.2 % lower than the 270 sales last 350 Property month . November Sales 2017 sales were at their highest level 400 November Property sales were 256 , up 13.8 % from 225 in
300 compared to November of 2016 and 2015 . November YTD sales November of 2016 and 5.2 lower than the 270 sales last 350 of 3,081 are running 0.2 % ahead of last year ' s year-to-date sales 250 month . November 2017 sales were at their highest level of 3,075 .
300 compared to November of 2016 and 2015 . November YTD sales 200 of 3,081 are running 0.2 % ahead of last year ' s year-to-date sales 250 of 3,075 .
150
200 100
150 50
100 0
50
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
0 14 15 16
17 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
Prices Median Sales Price and Average Sales Price
14 15 16
17
3 Mo Avg The Median Sales Price in November was $ 217,333 , up 9.5 %
Prices from $ 198,500 in November of 2016 and up 1.8 % from 290 Median Sales Price and Average Sales Price
3 Mo Avg
The $ 213,513 Median last Sales month Price . in The November Average was Sales $ 217,333 Price in , up November 9.5 % was from $ 237,886 $ 198,500 , up in 7.7 November % from $ 220,887 of 2016 and in November up 1.8 % from of 2016 and up 290
270
$ 5.5 213,513 % from last $ month 225,437 . The last Average month . Sales November Price in 2017 November ASP was was at the $ 237,886 , up 7.7 % from $ 220,887 in November of 2016 and up 270 250 highest level compared to November of 2016 and 2015 . 5.5 % from $ 225,437 last month . November 2017 ASP was at the 250 230
highest level compared to November of 2016 and 2015 .
230 210
210 190
190 170
249 179 168 225 249 271
249 179 168 225 249 271 344 365 271 285 257 205 273 173 185 284 257 334 342 328 354 312 281 225 305 201 182 306 261 328 354 305 327 291 270 256
170
150
150
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
14F
15 M A M J
J
A S O N D
J
F M16A M J
J
A S O N D
J
F M
17 A M J
J
A S O N
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
The
November Total Inventory was 535 of , down Properties 1.7 % available from 544 for last sale month as of and down
1,200
November
8.1 % from was 582535 in , November down 1.7 % from of last 544 year last . November month and 2017 down
1,200
1,000
8.1
Inventory % from 582 was in at November its lowest of level last compared year . November with November 2017 of
1,000
Inventory
2016 and was 2015 at . its lowest level compared with November of
800
2016 and 2015 .
800
600
Total Inventory & Month ' s Supply of Inventory ( MSI )
6.0
5.0
4.0
6.0
5.0
4.0
3.0
600
3.0
A comparatively lower MSI is more beneficial for sellers while a
400
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial November for sellers 2017 while MSI of a 2.1
400
2.0 higher months MSI was is better at its lowest for buyers level . The compared November with 2017 November MSI of 2.1
200 of
2016200
1.0 months and 2015 was
. at its lowest level compared with November of 2016
0 and 2015 .
0
0.0
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 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
14
15
16
17
14
15
16
17
2.0
1.0
0.0
344 365 271
905 916 902 956 961 969 926 964 958
285
905 916 902 956 961 969 926 964 958 979 937
870
257
Number of Properties Sold
205
979 937
870 273 173 185 284 257 334 342 328
747 732 682 719 766 764 775 787 760 744
664
354 312
747 732 682 719 766 764 775 787 760 744
664 281
582 225 305 201 182 306 261 328 354
582 533 513 547 568 597 601 623 615 614 571 544 535 305 327
533 513 547 568 597 601 623 615 614 571
3 Mo Avg
291 270
544 535
256
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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 .