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Page 4

On the Move - Helen Adams Realty

Volume 4, Issue 5

April 2011 Home Sales Overview Positive News Suggests Recovery is Under Way Due to the 2010 tax credit, current market activity can look drastically different than it did one year ago, but there is some positive news in the mix to suggest that recovery is under way. Inventory levels in April shrank 16.5 percent to 22,999 units – a positive trend that should preserve market balance. Prices were more or less stable. The Median Sales Price increased

Data and article excerpts from CMLS & 10K Research and Marketing.

2.0 percent to $153,000. The List to Close metric increased 8.6 percent to 154 days. The supply-demand balance improved as Months Supply of Inventory was down 9.8 percent to 12.5 months. The segment of homes that tended to sell quickest was the $100,00 and below range at 127 average days on market. Single family homes saw the largest price gain. Nationally, the interest rate is 5.0 percent on a

30-year fixed conventional and the unemployment rate edged up to 9.0 percent in April, even as the economy added 244,000 jobs. Job seekers showed more confidence, a potential indicator of future housing demand. Moving forward, expect a different story to unfold in our market. We'll soon be comparing current activity to a post-credit slump that occurred during the summer and fall of 2010.

Residential Closings - Entire MLS

April 2010 - April 2011 ASP = Average Sold Price Data Courtesy Carolina MLS.

-15%

-25.0% -26.1% +1.0%

Change in Closed Sales

Pending Sales

Change in New Listings

-16.5%

154

12.5

Total Active Listings

Average Days on Market

Months Supply of Homes for Sale

Average Sales Price

There were 1882 total closings in April 2011, down 15% compared to April 2010. 64% of all home sales in April 2011 were in the $200,000 and under category. The average closing price for the

Charlotte metro area in April 2011 was $203,428, up 1.0% from April 2010. In April 2011, new listings decreased by 26%, pending sales decreased by 25%, and total active listings decreased by 16.5%.

Current Active Listings by Price Range

April Closed Sales by Price Range

1% 2%

1% 1% 3% Under $100,000

3% 5% 20%

$100,001 - $150K

11%

17%

$200,001 - $300K

17%

$450,001 - $600K

$800,001 - $1M Over $1 Million

Total Active Listings = 22,999

$300,001 - $450K $450,001 - $600K

$600,001 - $800K

20%

$150,001 - $200K

28%

$300,001 - $450K

18%

Under $100,000 $100,001 - $150K

10%

$150,001 - $200K $200,001 - $300K

5%

2%

20%

16%

$600,001 - $800K $800,001 - $1M Over $1 Million

Total Sold April, 2011 = 1882 Data Courtesy Carolina MLS.

www.helenadamsrealty.com


Page 2

On the Move - Helen Adams Realty

Volume 4, Issue 5

Closed Units by Area

April Home Sales Snapshot

Residential Single Family, Townhomes & Condos

Price Range with Strongest Sales: Under $100,000

April 2011 - All MLS Areas

Units

One Year

Average

Closed

Change

Sales Price

All of Mecklenburg County

882

-14.9

$226,134

Charlotte - Gastonia - Rock Hill

1472

-17.2%

$209,412

01 - Mecklenburg County (N)

149

-27.3%

$ 150,000

02 - Mecklenburg County (E)

106

-2.8%

$ 118,359

03 - Mecklenburg County (SE)

64

-19.0%

$ 129,108

04 - Mecklenburg County (SSE)

88

0%

$ 333,461

162

-14.3%

$ 363,878

06 - Mecklenburg County (SSW)

62

-11.4%

$ 216,985

07 - Mecklenburg County (SW)

71

0%

$ 135,671

08 - Mecklenburg County (W)

38

-44.9%

$ 79,840

10 - Union County

174

-24.7%

$ 225,211

11 - Cabarrus County

149

-13.9%

$ 165,917

12 - Iredell County

135

-13.5%

$ 232,491

13 - Lake Norman

98

+12.6%

$ 427,334

14 - Lincoln County

47

-17.5%

$ 161,987

15 - Lake Wylie

34

0%

$ 381,836

16 - Gaston County

119

-36.7%

$ 125,991

17 - York County

139

-1.4%

$ 209,062

42 - Mtn. Island Lake

14

+22%

$237,792

99 - Uptown Charlotte

16

+6.7%

$267,566

1882

-15.8%

$203,428

MLS Area

05 - Mecklenburg County (S)

TOTAL (for All CMLS Area)

+5.9%

-7.5%

-12.7%

# Bedrooms Strongest Sales: 4+ bedrooms

Property Type Strongest Sales: Single Family

On the Move - Helen Adams Realty

Volume 4, Issue 5

Pending Contracts

Average Residential Closing Price

New Listings

30 Year Fixed Mortgage Rates

Source: Freddie Mac, NAR, April 2011

Data Courtesy Carolina MLS & 10K Research and Marketing.

www.helenadamsrealty.com

Page 3

Data Courtesy Carolina MLS.

www.helenadamsrealty.com


Page 2

On the Move - Helen Adams Realty

Volume 4, Issue 5

Closed Units by Area

April Home Sales Snapshot

Residential Single Family, Townhomes & Condos

Price Range with Strongest Sales: Under $100,000

April 2011 - All MLS Areas

Units

One Year

Average

Closed

Change

Sales Price

All of Mecklenburg County

882

-14.9

$226,134

Charlotte - Gastonia - Rock Hill

1472

-17.2%

$209,412

01 - Mecklenburg County (N)

149

-27.3%

$ 150,000

02 - Mecklenburg County (E)

106

-2.8%

$ 118,359

03 - Mecklenburg County (SE)

64

-19.0%

$ 129,108

04 - Mecklenburg County (SSE)

88

0%

$ 333,461

162

-14.3%

$ 363,878

06 - Mecklenburg County (SSW)

62

-11.4%

$ 216,985

07 - Mecklenburg County (SW)

71

0%

$ 135,671

08 - Mecklenburg County (W)

38

-44.9%

$ 79,840

10 - Union County

174

-24.7%

$ 225,211

11 - Cabarrus County

149

-13.9%

$ 165,917

12 - Iredell County

135

-13.5%

$ 232,491

13 - Lake Norman

98

+12.6%

$ 427,334

14 - Lincoln County

47

-17.5%

$ 161,987

15 - Lake Wylie

34

0%

$ 381,836

16 - Gaston County

119

-36.7%

$ 125,991

17 - York County

139

-1.4%

$ 209,062

42 - Mtn. Island Lake

14

+22%

$237,792

99 - Uptown Charlotte

16

+6.7%

$267,566

1882

-15.8%

$203,428

MLS Area

05 - Mecklenburg County (S)

TOTAL (for All CMLS Area)

+5.9%

-7.5%

-12.7%

# Bedrooms Strongest Sales: 4+ bedrooms

Property Type Strongest Sales: Single Family

On the Move - Helen Adams Realty

Volume 4, Issue 5

Pending Contracts

Average Residential Closing Price

New Listings

30 Year Fixed Mortgage Rates

Source: Freddie Mac, NAR, April 2011

Data Courtesy Carolina MLS & 10K Research and Marketing.

www.helenadamsrealty.com

Page 3

Data Courtesy Carolina MLS.

www.helenadamsrealty.com


Page 4

On the Move - Helen Adams Realty

Volume 4, Issue 5

April 2011 Home Sales Overview Positive News Suggests Recovery is Under Way Due to the 2010 tax credit, current market activity can look drastically different than it did one year ago, but there is some positive news in the mix to suggest that recovery is under way. Inventory levels in April shrank 16.5 percent to 22,999 units – a positive trend that should preserve market balance. Prices were more or less stable. The Median Sales Price increased

Data and article excerpts from CMLS & 10K Research and Marketing.

2.0 percent to $153,000. The List to Close metric increased 8.6 percent to 154 days. The supply-demand balance improved as Months Supply of Inventory was down 9.8 percent to 12.5 months. The segment of homes that tended to sell quickest was the $100,00 and below range at 127 average days on market. Single family homes saw the largest price gain. Nationally, the interest rate is 5.0 percent on a

30-year fixed conventional and the unemployment rate edged up to 9.0 percent in April, even as the economy added 244,000 jobs. Job seekers showed more confidence, a potential indicator of future housing demand. Moving forward, expect a different story to unfold in our market. We'll soon be comparing current activity to a post-credit slump that occurred during the summer and fall of 2010.

Residential Closings - Entire MLS

April 2010 - April 2011 ASP = Average Sold Price Data Courtesy Carolina MLS.

-15%

-25.0% -26.1% +1.0%

Change in Closed Sales

Pending Sales

Change in New Listings

-16.5%

154

12.5

Total Active Listings

Average Days on Market

Months Supply of Homes for Sale

Average Sales Price

There were 1882 total closings in April 2011, down 15% compared to April 2010. 64% of all home sales in April 2011 were in the $200,000 and under category. The average closing price for the

Charlotte metro area in April 2011 was $203,428, up 1.0% from April 2010. In April 2011, new listings decreased by 26%, pending sales decreased by 25%, and total active listings decreased by 16.5%.

Current Active Listings by Price Range

April Closed Sales by Price Range

1% 2%

1% 1% 3% Under $100,000

3% 5% 20%

$100,001 - $150K

11%

17%

$200,001 - $300K

17%

$450,001 - $600K

$800,001 - $1M Over $1 Million

Total Active Listings = 22,999

$300,001 - $450K $450,001 - $600K

$600,001 - $800K

20%

$150,001 - $200K

28%

$300,001 - $450K

18%

Under $100,000 $100,001 - $150K

10%

$150,001 - $200K $200,001 - $300K

5%

2%

20%

16%

$600,001 - $800K $800,001 - $1M Over $1 Million

Total Sold April, 2011 = 1882 Data Courtesy Carolina MLS.

www.helenadamsrealty.com


ON THE MOVE MAY 2011