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Kannapolis Living

Market

Market Report

We'll publish dated reports only when authorized data is available. Until then, here's how to read anyone's numbers.

Ask of any market statistic

  • What geography — city limits, ZIP code, or county subset?
  • What period and sample size?
  • Detached, attached or new construction?
  • Asking prices or closed sales?

What our reports will include

When we publish a dated report, it will state the data source, the exact geography, the period, the property types included and the number of sales — and it will separate closed sales from active listings. We won't forecast prices or appreciation.

Read next: Editorial Policy · Homes & Real Estate

Common ways numbers mislead

A median price for a ZIP code can mix homes inside and outside city limits, and across two counties. A small month can swing sharply on a handful of sales. New construction and resale homes behave differently, and asking prices are not sale prices.

When you see a statistic, look for the source, the period, the geography and the sample size before drawing a conclusion.

Read next: Home Valuation · Buying in Kannapolis · Selling in Kannapolis