Market Action Report
County: Cherokee
March 2016
Cherokee
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
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 0, up from 0 days last
month and up from 0 days in March of last year. The March
2016 DOM was at a mid level compared with March of 2015 and
2014.
500
3 Mo Avg
448
450
400
350
300
250
200
150
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
3 Mo Avg
3 Mo Avg
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 0.0% was up from 0.0% last month and up
from 0.0% in March of last year.
Avg Selling Price divided by Avg Listing Price for sold properties during the month
90%
76.5%
80%
70%
60%
50%
40%
30%
20%
10%
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
Inventory / New Listings / Sales
Inventory / New Listings / Sales
6
5
5
4
4
4
4
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 March 2016 was 2, up from 0 last month and up
from 0 in March of last year.
3
3
3
3
3
3
3
3
3
3
2
2
2
2
2
2
2
2
2
2
2
2
2
2