CABARRUS
Community Information | School District
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 |
$ 1,300,000 |
-6% |
|
-5% |
|
|
|
|
Average List Price of all Current Listings |
$ 1,739,000 |
-6% |
|
-11% |
|
|
|
|
October Median Sales Price |
$ 1,050,000 |
|
-18% |
|
-29% |
$ 1,275,000 |
-14% |
-14% |
October Average Sales Price |
$ 1,050,000 |
|
-18% |
|
-29% |
$ 1,275,000 |
-14% |
-14% |
Total Properties Currently for Sale ( Inventory ) |
13 |
18 % |
|
8 % |
|
|
|
|
October Number of Properties Sold |
1 |
|
|
|
|
2 |
100 % |
|
October Average Days on Market ( Solds ) |
468 |
|
42 % |
|
303 % |
329 |
184 % |
184 % |
Asking Price per Square Foot ( based on New Listings ) |
$ 207 |
0 % |
-6% |
-3% |
-33% |
$ 235 |
-21% |
-24% |
October Sold Price per Square Foot |
$ 131 |
|
-40% |
|
-44% |
$ 220 |
-6% |
-6% |
October Month ' s Supply of Inventory |
13.0 |
0 % |
0 % |
0 % |
-7% |
13.0 |
-7% |
-7% |
October Sale Price vs List Price Ratio |
60.0 % |
|
-19.1% |
|
-36.9% |
74.1 % |
-22% |
-22% |
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
3 Mo Avg
Property Sales October Property sales were 1 , up from 0 in October of 2016 and higher than the 0 sales last month . October 2017 sales were at their highest level compared to October of 2016 and 2015 . October YTD sales of 2 are running 100.0 % ahead of last year ' s year-to-date sales of 1 .
1
1
1
Number of Properties Sold
3 Mo Avg
1
0
0
Prices The Median Sales Price in October was $ 1,050,000 , up from $ 0 in October of 2016 and up from $ 0 last month . The Average Sales Price in October was $ 1,050,000 , up from $ 0 in October of 2016 and up from $ 0 last month . October 2017 ASP was at the highest level compared to October of 2016 and 2015 .
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 3 Mo Avg
Median Sales Price and Average Sales Price
3 Mo Avg
1,500 1,450 1,400 1,350 1,300 1,250 1,200 1,150 1,100 1,050 1,000
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 |
|
|
|
0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1
Inventory & MSI The Total Inventory of Properties available for sale as of October was 13 , up 18.2 % from 11 last month and up 8.3 % from 12 in October of last year . October 2017 Inventory was at its highest level compared with October of 2016 and 2015 .
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The October 2017 MSI of 13.0 months was at its highest level compared with October of 2016 and 2015 .
20
15
10
5
0
20
15
10
12
5
N 14
12
11
11 11
11
10 10
Total Inventory & Month ' s Supply of Inventory ( MSI )
11 10 10 10
12 11 12 12
10
14
12 12
13 12
14 13
12 12
12
11 14 14
12
11 16 14 17 17 16 16 16
14
12
9
11 12 13
12
15 18
|
|
16.0 |
|
|
14.0 |
|
|
12.0 |
|
|
10.0 |
|
|
8.0 |
|
|
6.0 |
|
|
4.0 |
|
|
2.0 |
|
|
0.0 |
F M A M J |
J |
A S O |
0
D NJ
DF MJ FA M AJ MJ AJ SJ OA NS DO JN FDMJ
AFMM J AJ MA JS JO AN SD OJ
NF MD AJ M J J A S O
14 15 15
16 16
17 17
14
17 17 16 16
14
9 11 12
17 13
15 15
18 13
17
15
15 11
13 13
15
11
13
16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0