CAR ARCHIVED October 2017 | Page 22

Market Action Report October 2017
Community Information | School District
Market Action Report October 2017

County : Mecklenburg

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
$ 419,900
5 %
27 %
Average List Price of all Current Listings
$ 583,270
3 %
26 %
October Median Sales Price
$ 244,500
-1%
-2%
14 %
12 %
$ 248,000
14 %
13 %
October Average Sales Price
$ 302,632
-1%
-2%
11 %
8 %
$ 310,427
11 %
10 %
Total Properties Currently for Sale ( Inventory )
2,456 -14%
-30%
October Number of Properties Sold
1,203 -14%
-21%
14,667
-11%
October Average Days on Market ( Solds )
34
3 %
3 %
-19% -23%
36
-18%
-18%
Asking Price per Square Foot ( based on New Listings )
$ 148
0 %
3 %
9 %
8 %
$ 144
5 %
5 %
October Sold Price per Square Foot
$ 132
0 %
-1%
3 %
3 %
$ 134
5 %
5 %
October Month ' s Supply of Inventory
2.0
1 %
3 %
-11%
-7%
1.9
-18%
-15%
October Sale Price vs List Price Ratio
97.6 %
-. 3 %
-. 3 %
. 5 %
. 4 %
98.0 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
2,500 October Property sales were 1,203 , down 21.0 % from 1,523 in October of 2016 and 14.2 % lower than the 1,402 sales last Property month . October Sales2017 sales were at their lowest level compared 2,5002,000 October to October
Property of 2016 sales and were 2015
1,203 . October
, down 21.0
YTD % sales from of 1,523
14,667 in are
October of 2016 and 14.2 % lower than the 1,402 sales last running 11.1 % behind last year ' s year-to-date sales of 16,490 . month . October 2017 sales were at their lowest level compared 2,0001,500 to October of 2016 and 2015 . October YTD sales of 14,667 are running 11.1 % behind last year ' s year-to-date sales of 16,490 .
1,5001,000

Mecklenburg

Agent Name
Title Phone Website Other

Community Information | School District

Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
1,000 500
1,075 1,399
500
0 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
0 14 15 16
17 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
Prices Median Sales Price and Average Sales Price
14 15 16
17
3 Mo Avg The Median Sales Price in October was $ 244,500 , up 13.7 % Prices
350 from $ 215,000 in October of 2016 and down 1.0 % from
Median Sales Price and Average Sales Price
3 Mo Avg The $ 247,000 Median last Sales month Price . in The October Average was Sales $ 244,500 Price , up in October 13.7 % was
330
350 from $ 302,632 $ 215,000 , up in 10.9 October % from of $ 2016 272,869 and in down October 1.0 % from of 2016 and 310 $ 247,000 last month . The Average Sales Price in October was
330 down 0.5 % from $ 304,224 last month . October 2017 ASP was 290 $ 302,632 , up 10.9 % from $ 272,869 in October of 2016 and 310 at the highest level compared to October of 2016 and 2015 . 270 down 0.5 % from $ 304,224 last month . October 2017 ASP was 290
250 at the highest level compared to October of 2016 and 2015 . 270
230 250
210 230
190
210 190
170
170 150
150 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
1,075 1,399 1,016 1,032 1,508 1,593 1,742 2,118 1,880 1,727 1,607 1,458 1,149 1,506 954 1,178 1,571 1,712 1,844 2,189 1,769 1,967 1,783 1,523 1,483 1,614 1,167 1,198 1,805 1,370 1,563 1,881 1,539 1,539 1,402 1,203
14
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
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
October Total Inventory was 2,456 of , down Properties 13.8 % available from 2,848 for sale last as month of and
5,000
October down 29.5 was % 2,456 from , down 3,48613.8 in October % from 2,848 of last last year month . October and 2017
5,000
4,000 down
Inventory 29.5 % was from at 3,486 its lowest in October level compared of last year with . October 2017 of 2016
4,000
Inventory and 2015 was . at its lowest level compared with October of 2016
3,000 and 2015 .
3,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
5.0
4.0
3.0
2,000
A comparatively lower MSI is more beneficial for sellers while a
2,000
2.0
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial October for 2017 sellers MSI while of 2.0 a
1,000 higher months MSI was is better at its lowest for buyers level . The compared October with 2017 October MSI of of 2.02016
1,000
1.0 months and 2015 was
. at its lowest level compared with October of 2016
0 and 2015 .
0
0.0
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 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
14
15
16
17
14
15
16
17
4,749 4,222 4,051 4,081
15
1,016 1,032 1,508 1,593 1,742 2,118 1,880
4,749 4,222 4,051 4,081 4,321 4,450 4,522 4,495 4,632
1,727 1,607 1,458
4,321 4,450 4,522 4,495 4,632 4,481 4,378 4,250
3,830 3,366 3,316 1,149 1,506 954
16
4,481 4,378 4,250
3,830 3,366 3,316
1,178 1,571
3,187 3,398 3,566 3,187 3,726 3,810
1,712 1,844 2,189 1,769 1,967 1,783
3,398 3,566 3,726 3,810 3,846 3,748 3,705 3,486
1,523
3,846 3,748 3,705 3,486
3,104 2,603 2,412 2,380 1,483 1,614 1,167
17
1,198 1,805 1,370 1,563
2,601 2,718 2,855 2,840 2,894 2,887 2,848
2,456
1,881 1,539
3,104 2,603 2,412 2,380 2,601 2,718 2,855 2,840 2,894 2,887
1,539 1,402
2,848 2,456
1,203
5.0 4.0
3.0 2.0 1.0 0.0
22 | 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 .