Market Action Report
County: Cherokee
March 2016
Cherokee
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 March was 106, up 92.7% from 55
days last month and up 5.0% from 101 days in March of last year.
The March 2016 DOM was at a mid level compared with March
of 2015 and 2014.
3 Mo Avg
250
200
157
150
106
101
100
50
0
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
13
14
15
16
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 March 2016 Selling Price per Square Foot of $82 was up
18.3% from $69 last month and up 22.8% from 67 in March of
last year.
150
140
130
120
110
100
90
80
70
60
50
3 Mo Avg
82
78
67
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
13
14
15
16
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 March 2016 Selling Price vs Original
List Price of 90.3% was up from 89.7% last month and up from
89.3% in March of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
98%
96%
94%
92%
90%
88%
86%
84%
82%
80%
78%
76%
90.3%
89.3%
83.5%
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
13
14
15
16
Inventory / New Listings / Sales
Inventory / New Listings / Sales
151
134
133
161
137
169
165
166
160
146
142
144
155
151
157
145
133
100
154
179
157
188
184
184
179
172
178
172
207
218
208
211
181
150
213
200
200
201
250
195
This last view of the market combines monthly inventory of
Properties for sale along with Ne ܁1