CAR ARCHIVED October 2017 | Page 7

Market Action Report
October 2017
CABARRUS
County: Cabarrus
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: $1,000,000 and Up | Properties: SFH - Con
Days On Market for Sold Properties
Market Time
3 Mo Avg
1,200
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
1,000
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
800
Seller's market. The DOM for October was 468, up from 0 days
last month and up from 0 days in October of last year. The
600
October 2017 DOM was at its lowest level compared with October
of 2016 and 2015.
400
468
200
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 October 2017 Selling Price per Square Foot of $131 was up
from $0 last month and up from 0 in October of last year.
3 Mo Avg
500
450
400
350
300
250
200
131
150
100
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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 October 2017 Selling Price vs Original
List Price of 60.0% was up from 0.0% last month and up from
0.0% in October of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
120%
100%
80%
60.0%
60%
40%
20%
0%
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17
20
18
16
14
12
10
8
6
4
2
0
Inventory / New Listings / Sales
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 October 2017 was 5, up from 0 last month and up 400.0%
from 1 in October of last year.
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Copyright © Coldwell Banker Residential Brokerage | Price Range: $1,000,000 and Up | 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.