CAR ARCHIVED March 2017 | Page 9

Market Action Report
County: Cabarrus
March 2017
Cabarrus
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 51, down 15.0% from
60 days last month and down 35.4% from 79 days in March of
last year. The March 2017 DOM was at its lowest level compared
with March of 2016 and 2015.
3 Mo Avg
85
90
79
80
70
60
51
50
40
30
20
10
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 March 2017 Selling Price per Square Foot of $103 was up
3.2% from $100 last month and up 9.8% from 94 in March of
last year.
150
140
130
120
110
100
90
80
70
60
50
3 Mo Avg
103
94
88
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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 March 2017 Selling Price vs Original
List Price of 97.0% was up from 95.9% last month and up from
95.3% in March of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
98%
97.0%
97%
96%
95.3%
94.5%
95%
94%
93%
92%
91%
90%
89%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
400
600
800
1,000
1,200
1,400
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 2017 was 447, up 23.8% from 361 last month and up
11.8% from 400 in March of last year.
200
0
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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.
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