CAR ARCHIVED November 2017 | Page 9

Market Action Report
County: Cabarrus
November 2017
Cabarrus
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: All | Properties: SFH - Con
Days On Market for Sold Properties
Market Time
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for November was 52, up 36.8% from
38 days last month and down 13.3% from 60 days in November
of last year. The November 2017 DOM was at its lowest level
compared with November of 2016 and 2015.
3 Mo Avg
90
80
70
63
60
60
52
50
40
30
20
10
0
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Selling Price per Square Foot
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 2017 Selling Price per Square Foot of $107 was up
4.5% from $103 last month and up 10.3% from 97 in November
of last year.
150
140
130
120
110
100
90
80
70
60
50
3 Mo Avg
107
97
92
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Selling Price versus Listing Price Ratio
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 2017 Selling Price vs Original
List Price of 96.3% was down from 96.5% last month and up
from 96.2% in November of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
99%
98%
97%
96%
95%
94%
93%
92%
91%
90%
89%
96.3%
96.2%
95.3%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
1,200
400
600
800
1,000
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 2017 was 259, down 23.6% from 339 last month
and up 10.2% from 235 in November of last year.
200
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
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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.
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