Page 4
On the Move - Helen Adams Realty
ONthe MOve
Volume 5, Issue 6
May 2012 Home Sales Overview Best Month of Closings Since July 2008! There were more Closed Sales in May 2012 than in any month since July 2008. Strong sales activity combined with falling inventories and fewer distressed properties selling has led to six consecutive months of gains in Median Sales Price when compared with 2011. Competing bids on existing inventory are commonplace in many neighborhoods. Informed sellers have noticed homes selling quicker and for closer to asking price. Feeling encouraged, sellers brought more properties onto the market
Market Activity and Trends for Charlotte & Surrounding Counties
June 2012
Data and article excerpts from CMLS Monthly Indicators
than last year. May looks pretty good all around. New Listings in the Charlotte region increased 5.4 percent to 4,434. Pending Sales were up 26.0 percent to 2,730. Inventory levels shrank 18.7 percent to 19,513 units. Prices moved higher. The Median Sales Price increased 8.6 percent to $165,000. List to Close was down 6.7 percent to 140 days. The supply-demand balance stabilized as Months Supply of Inventory was down 30.4 percent
to 9.4 months. In economic news, May's jobs report was disappointing, and there's a growing concern about the pace of domestic growth. Last month was also unsettling for investors, prompting some to hunt for better returns in the housing market. This forces other consumers up the price ladder. In politics, the Senate approved a 60-day National Flood Insurance Program extension. But with campaign season upon us, major
Residential Closings - Entire MLS
May 2011 - May 2012 ASP = Average Sold Price Data Courtesy Carolina MLS.
Residential Real Estate Closings Blue: 2006 Gray: 2007 Purple: 2008
RANDOLPH ROAD 2301 Randolph Road, Charlotte, NC 28207 BALLANTYNE
+19.0% +26.3% Change in Closed Sales
Pending Sales
+5.4%
+4.1% -18.7%
Change in New Listings
Average Sales Price
Total Active Listings
140 Average Days List to Close
9.4 Months Supply of Homes for Sale
15235-J John J. Delaney Dr., Charlotte, NC 28277 LAKE NORMAN 8600 Sam Furr Rd. Suite 150, Huntersville, NC 28078
There were 2607 total closings in May 2012, up 19% compared to May 2011. 64% of all home sales in May 2012 were in the $200,000 and under category. The average closing price for the Charlotte
metro area in May 2012 was $217,561, up 4.1% from May 2011. In May 2012, new listings increased by 5.4%, pending sales increased by 26.3%, total active listings decreased by 18.7%.
Current Active Listings by Price Range
May 2012 Sales by Price Range
Total Active Listings = 19,513
Total Pending Sales = 24,876 Data Courtesy Carolina MLS—Based on a rolling 12-month average.
www.helenadamsrealty.com
Page 2
On the Move - Helen Adams Realty
Closed Units by Area May 2012 - By MLS Areas Units 1 Year Closed Change
Average Sales Price
Charlotte - Gastonia - Rock Hill
2075
+19.3
$ 219,130
All of Mecklenburg County
1231
+16.4
$ 229,190
01 - Mecklenburg County (N)
215
+7.5
$ 178,554
02 - Mecklenburg County (E)
136
+19.3
$ 106,684
03 - Mecklenburg County (SE)
92
+46.0
$ 136,781
04 - Mecklenburg County (SSE)
153
+47.1
$ 312,129
05 - Mecklenburg County (S)
241
+10.6
$ 393,987
06 - Mecklenburg County (SSW)
81
-8.0
$ 235,519
07 - Mecklenburg County (SW)
76
+5.6
$ 140,203
08 - Mecklenburg County (W)
51
+18.6
$ 82,504
09 - Mecklenburg County (NW)
100
+22.0
$ 149,863
10 - Union County
254
+10.4
$ 250,150
11 - Cabarrus County
173
+11.6
$ 192,196
12 - Iredell County
156
+7.6
$ 302,889
13 - Lake Norman
131
+70.1
$ 458,293
14 - Lincoln County
68
+11.5
$ 205,922
15 - Lake Wylie
47
+113.6
$ 295,259
16 - Gaston County
175
+25.0
$ 140,438
17 - York County, SC
235
+57.7
$ 216,164
42 - Mtn. Island Lake
17
+35.3
$ 179,607
99 - Uptown Charlotte
16
-15.8
$ 261,400
2607
+19.0
$217,561
TOTAL (for All CMLS Area)
On the Move - Helen Adams Realty
May Home Sales Snapshot +22.0%
Residential Single Family, Townhomes & Condos MLS Area
Volume 5, Issue 6
Price Range with Strongest Sales: $200-300,000
+17.2% # Bedrooms Strongest Sales: 3 Bedrooms
Volume 5, Issue 6
Pending Contracts
Page 3
Average Residential Sales Price
+19.0% Property Type Strongest Sales: Condos
Data provided by MLS—Based on accepted contracts for the given month.
New Listings
30 Year Fixed Mortgage Rates
Source: Freddie Mac, NAR, March 2012 Data Courtesy Carolina MLS. Data Courtesy Carolina MLS & 10K Research and Marketing.
www.helenadamsrealty.com
Page 2
On the Move - Helen Adams Realty
Closed Units by Area May 2012 - By MLS Areas Units 1 Year Closed Change
Average Sales Price
Charlotte - Gastonia - Rock Hill
2075
+19.3
$ 219,130
All of Mecklenburg County
1231
+16.4
$ 229,190
01 - Mecklenburg County (N)
215
+7.5
$ 178,554
02 - Mecklenburg County (E)
136
+19.3
$ 106,684
03 - Mecklenburg County (SE)
92
+46.0
$ 136,781
04 - Mecklenburg County (SSE)
153
+47.1
$ 312,129
05 - Mecklenburg County (S)
241
+10.6
$ 393,987
06 - Mecklenburg County (SSW)
81
-8.0
$ 235,519
07 - Mecklenburg County (SW)
76
+5.6
$ 140,203
08 - Mecklenburg County (W)
51
+18.6
$ 82,504
09 - Mecklenburg County (NW)
100
+22.0
$ 149,863
10 - Union County
254
+10.4
$ 250,150
11 - Cabarrus County
173
+11.6
$ 192,196
12 - Iredell County
156
+7.6
$ 302,889
13 - Lake Norman
131
+70.1
$ 458,293
14 - Lincoln County
68
+11.5
$ 205,922
15 - Lake Wylie
47
+113.6
$ 295,259
16 - Gaston County
175
+25.0
$ 140,438
17 - York County, SC
235
+57.7
$ 216,164
42 - Mtn. Island Lake
17
+35.3
$ 179,607
99 - Uptown Charlotte
16
-15.8
$ 261,400
2607
+19.0
$217,561
TOTAL (for All CMLS Area)
On the Move - Helen Adams Realty
May Home Sales Snapshot +22.0%
Residential Single Family, Townhomes & Condos MLS Area
Volume 5, Issue 6
Price Range with Strongest Sales: $200-300,000
+17.2% # Bedrooms Strongest Sales: 3 Bedrooms
Volume 5, Issue 6
Pending Contracts
Page 3
Average Residential Sales Price
+19.0% Property Type Strongest Sales: Condos
Data provided by MLS—Based on accepted contracts for the given month.
New Listings
30 Year Fixed Mortgage Rates
Source: Freddie Mac, NAR, March 2012 Data Courtesy Carolina MLS. Data Courtesy Carolina MLS & 10K Research and Marketing.
www.helenadamsrealty.com
Page 4
On the Move - Helen Adams Realty
ONthe MOve
Volume 5, Issue 6
May 2012 Home Sales Overview Best Month of Closings Since July 2008! There were more Closed Sales in May 2012 than in any month since July 2008. Strong sales activity combined with falling inventories and fewer distressed properties selling has led to six consecutive months of gains in Median Sales Price when compared with 2011. Competing bids on existing inventory are commonplace in many neighborhoods. Informed sellers have noticed homes selling quicker and for closer to asking price. Feeling encouraged, sellers brought more properties onto the market
Market Activity and Trends for Charlotte & Surrounding Counties
June 2012
Data and article excerpts from CMLS Monthly Indicators
than last year. May looks pretty good all around. New Listings in the Charlotte region increased 5.4 percent to 4,434. Pending Sales were up 26.0 percent to 2,730. Inventory levels shrank 18.7 percent to 19,513 units. Prices moved higher. The Median Sales Price increased 8.6 percent to $165,000. List to Close was down 6.7 percent to 140 days. The supply-demand balance stabilized as Months Supply of Inventory was down 30.4 percent
to 9.4 months. In economic news, May's jobs report was disappointing, and there's a growing concern about the pace of domestic growth. Last month was also unsettling for investors, prompting some to hunt for better returns in the housing market. This forces other consumers up the price ladder. In politics, the Senate approved a 60-day National Flood Insurance Program extension. But with campaign season upon us, major
Residential Closings - Entire MLS
May 2011 - May 2012 ASP = Average Sold Price Data Courtesy Carolina MLS.
Residential Real Estate Closings Blue: 2006 Gray: 2007 Purple: 2008
RANDOLPH ROAD 2301 Randolph Road, Charlotte, NC 28207 BALLANTYNE
+19.0% +26.3% Change in Closed Sales
Pending Sales
+5.4%
+4.1% -18.7%
Change in New Listings
Average Sales Price
Total Active Listings
140 Average Days List to Close
9.4 Months Supply of Homes for Sale
15235-J John J. Delaney Dr., Charlotte, NC 28277 LAKE NORMAN 8600 Sam Furr Rd. Suite 150, Huntersville, NC 28078
There were 2607 total closings in May 2012, up 19% compared to May 2011. 64% of all home sales in May 2012 were in the $200,000 and under category. The average closing price for the Charlotte
metro area in May 2012 was $217,561, up 4.1% from May 2011. In May 2012, new listings increased by 5.4%, pending sales increased by 26.3%, total active listings decreased by 18.7%.
Current Active Listings by Price Range
May 2012 Sales by Price Range
Total Active Listings = 19,513
Total Pending Sales = 24,876 Data Courtesy Carolina MLS—Based on a rolling 12-month average.
www.helenadamsrealty.com