Page 1

Annual Report on the Charlotte Region Housing Market FOR RESIDENTIAL REAL ESTATE ACTIVITY FROM THE CAROLINA MULTIPLE LISTING SERVICES, INC.


2011 Annual Report on the Charlotte Region Housing Market

Change from 2010:

- 19.1%

+ 3.3%

+ 2.5%

New Listings

Pending Sales

Closed Sales

Annual Market Activity 72,362

2007

2008

2009

2010

2011

67,786 57,147 56,365 45,582 40,276

38,667 26,913

- 6.3%

- 15.7%

- 1.4%

- 30.4%

- 19.1%

New Listings

28,032 22,854 22,469 23,212

- 15.1%

- 1.7%

+ 3.3%

- 30.4%

Pending Sales

22,852 22,393 22,942

- 18.5%

- 2.0%

+ 2.5%

Closed Sales

$152,500

- 1.6%

$200,351

- 3.5%

Median Sales Price in 2011

Change from 2010

Average Sales Price in 2011

Change from 2010

Average Sales Price

Median Sales Price $171,192

$231,153

$165,000 $155,000

2007

$155,000

$152,500

- 3.6%

- 6.1%

0.0%

- 1.6%

2008

2009

2010

2011

$220,692 $201,075

2007

$207,709

$200,351

- 4.5%

- 8.9%

+ 3.3%

- 3.5%

2008

2009

2010

2011

Current as of January 5, 2012. All data from Carolina Multiple Listing Services, Inc. Report provided by the Charlotte Regional REALTOR速 Association. Powered by 10K Research and Marketing. | 2


2011 Annual Report on the Charlotte Region Housing Market

152

+ 5.4%

89.4%

- 0.6%

List to Close in 2011

Change from 2010

Pct. of Orig. Price Received in 2011

Change from 2010

Pct. of Orig. Price Received

List to Close 143

145

152 95.8%

131

93.0%

119

2007

+ 10.9%

+ 9.0%

+ 0.9%

+ 5.4%

2008

2009

2010

2011

2007

90.3%

90.0%

89.4%

- 3.0%

- 2.8%

- 0.4%

- 0.6%

2008

2009

2010

2011

9.1

- 27.0%

17,581

- 24.6%

Months Supply in 2011

Change from 2010

Homes for Sale in 2011

Change from 2010

Months Supply of Inventory

Inventory of Homes for Sale

At the end of each year.

At the end of each year.

12.8

12.5

11.4

23,905

25,658

24,437

23,316

9.1 17,581

7.4

2007

+ 54.2%

+ 12.2%

- 3.0%

- 27.0%

2008

2009

2010

2011

2007

+ 7.3%

- 4.8%

- 4.6%

- 24.6%

2008

2009

2010

2011

Current as of January 5, 2012. All data from Carolina Multiple Listing Services, Inc. Report provided by the Charlotte Regional REALTOR速 Association. Powered by 10K Research and Marketing. | 3


2011 Annual Report on the Charlotte Region Housing Market Area Overviews Cabarrus County Gaston County Iredell County Lincoln County Mecklenburg County Union County York County, SC* Uptown/Area 99 Lake Wylie/Area 15 Lake Norman/Area 13 Mecklenburg - (N) Area 01 Mecklenburg - (E) Area 02 Mecklenburg - (SE) Area 03 Mecklenburg - (SSE) Area 04 Mecklenburg - (S) Area 05 Mecklenburg - (SSW) Area 06 Mecklenburg - (SW) Area 07 Mecklenburg - (W) Area 08 Mecklenburg - (NW) Area 09 10-county CMLS service area** Charlotte-Gastonia-Rock Hill, MSA*** Entire MLS

New Listings 2011

Percentage Change

2010

2011

Percentage Change

4,116 3,777 3,861 1,638 26,460 5,389 4,231 543 1,143 3,140 4,457 3,305 1,980 2,723 4,744 2,018 1,758 1,361 2,067 46,488 44,156 56,365

3,391 3,094 3,164 1,437 20,475 4,271 3,667 373 891 2,569 3,437 2,453 1,551 2,081 3,905 1,565 1,361 981 1,509 37,254 35,093 45,582

- 17.6% - 18.1% - 18.1% - 12.3% - 22.6% - 20.7% - 13.3% - 31.3% - 22.0% - 18.2% - 22.9% - 25.8% - 21.7% - 23.6% - 17.7% - 22.4% - 22.6% - 27.9% - 27.0% - 19.9% - 20.5% - 19.1%

1,715 1,691 1,523 601 10,339 2,090 1,694 145 376 1,077 1,846 1,268 760 904 1,920 677 714 620 907 18,419 17,599 22,393

1,710 1,549 1,541 634 10,687 2,220 1,818 183 360 1,097 1,820 1,280 770 1,021 1,990 841 819 543 844 18,824 18,062 22,942

- 0.3% - 8.4% + 1.2% + 5.5% + 3.4% + 6.2% + 7.3% + 26.2% - 4.3% + 1.9% - 1.4% + 0.9% + 1.3% + 12.9% + 3.6% + 24.2% + 14.7% - 12.4% - 6.9% + 2.2% + 2.6% + 2.5%

Median Sales Price Cabarrus County Gaston County Iredell County Lincoln County Mecklenburg County Union County York County, SC* Uptown/Area 99 Lake Wylie/Area 15 Lake Norman/Area 13 Mecklenburg - (N) Area 01 Mecklenburg - (E) Area 02 Mecklenburg - (SE) Area 03 Mecklenburg - (SSE) Area 04 Mecklenburg - (S) Area 05 Mecklenburg - (SSW) Area 06 Mecklenburg - (SW) Area 07 Mecklenburg - (W) Area 08 Mecklenburg - (NW) Area 09 10-county CMLS service area** Charlotte-Gastonia-Rock Hill, MSA*** Entire MLS

Closed Sales

2010

2010

2011

Percentage Change

$150,000 $111,000 $161,448 $151,500 $160,000 $195,000 $180,000 $219,000 $308,731 $325,000 $152,869 $110,000 $120,000 $240,000 $275,866 $176,000 $140,000 $75,000 $129,900 $155,000 $158,919 $155,000

$151,200 $105,250 $165,000 $140,400 $156,990 $185,000 $179,900 $200,000 $273,500 $320,000 $146,000 $95,000 $106,200 $250,000 $270,000 $180,000 $130,000 $54,000 $128,000 $152,500 $155,000 $152,500

+ 0.8% - 5.2% + 2.2% - 7.3% - 1.9% - 5.1% - 0.1% - 8.7% - 11.4% - 1.5% - 4.5% - 13.6% - 11.5% + 4.2% - 2.1% + 2.3% - 7.1% - 28.0% - 1.5% - 1.6% - 2.5% - 1.6%

Homes for Sale 2010

2011

Percentage Change

1,731 1,600 1,789 751 9,839 2,148 1,802 233 507 1,405 1,672 1,200 763 977 1,733 718 662 503 752 18,678 17,254 23,316

1,343 1,320 1,334 618 6,871 1,605 1,439 155 392 1,062 1,142 820 542 678 1,281 475 411 358 474 13,980 12,706 17,581

- 22.4% - 17.5% - 25.4% - 17.7% - 30.2% - 25.3% - 20.1% - 33.5% - 22.7% - 24.4% - 31.7% - 31.7% - 29.0% - 30.6% - 26.1% - 33.8% - 37.9% - 28.8% - 37.0% - 25.2% - 26.4% - 24.6%

* Data for York County, S.C. may be incomplete as this area is primarily part of the Piedmont Regional Association of REALTORS速 and not of the CMLS service area. ** The 10-county CMLS service area includes Alexander, Anson, Cabarrus, Gaston, Iredell, Lincoln, Mecklenburg, Montgomery, Union and Stanly counties. *** The Charlotte-Gastonia-Rock Hill Metropolitan Statistical Area (MSA) includes the following counties: Anson, Cabarrus, Gaston, Mecklenburg, Union and York, S.C. Current as of January 5, 2012. All data from Carolina Multiple Listing Services, Inc. Report provided by the Charlotte Regional REALTOR速 Association. Powered by 10K Research and Marketing. | 4


Local Market Update – October 2012 A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION FOR MORE INFORMATION CONTACT A REALTOR®

Entire CMLS Area

+ 6.5%

+ 36.8%

+ 3.3%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

October New Listings Closed Sales

Year to Date

2011

2012

+/–

2011

2012

+/–

3,238

3,448

+ 6.5%

40,525

40,487

- 0.1%

1,882

2,575

+ 36.8%

19,345

23,057

+ 19.2%

Median Sales Price*

$151,942

$157,000

+ 3.3%

$152,490

$160,000

+ 4.9%

Average Sales Price*

$194,739

$204,335

+ 4.9%

$202,022

$209,462

+ 3.7%

90.0%

92.4%

+ 2.6%

89.2%

92.0%

+ 3.1%

List to Close

167

149

- 10.9%

165

152

- 7.9%

Days on Market Until Sale

122

108

- 11.8%

121

112

- 7.4% - 13.9%

Percent of Original List Price Received*

Cumulative Days on Market Until Sale

161

128

- 20.5%

161

139

Inventory of Homes for Sale

20,514

14,922

- 27.3%

--

--

--

Months Supply of Inventory

10.8

6.0

- 44.3%

--

--

--

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size. | Note: The Pending Sales methodology changed in July 2012. Pending sales counts are used to calculate Months Supply of Inventory, therefore, year-over-year comparisons for this metric may look extreme through June 2013.

2011

October 3,238

2012

2011

Year to Date 40,525

3,448

2012

40,487

2,575 1,882

+ 6.5% New Listings

19,345

+ 36.8% Closed Sales

- 0.1% New Listings

23,057

+ 19.2% Closed Sales

Change in Median Sales Price from Prior Year (6-Month Average)**

Entire CMLS Area

b

Entire CMLS Area

a

+ 8% + 6% + 4% + 2% 0% - 2% - 4% - 6% - 8% - 10% 1-2008

7-2008

1-2009

7-2009

1-2010

7-2010

1-2011

7-2011

1-2012

7-2012

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

p Listing g Services,, Inc. Report p provided p byy the Charlotte Regional g REALTOR® Association. Powered byy 10K Research and Marketing. g Current as of November 5,, 2012. All data from Carolina Multiple


Local Market Update – October 2012 A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION FOR MORE INFORMATION CONTACT A REALTOR®

Alexander County

+ 37.5%

+ 62.5%

- 42.3%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

October New Listings Closed Sales

Year to Date

2011

2012

+/–

2011

2012

+/–

8

11

+ 37.5%

142

151

+ 6.3%

8

13

+ 62.5%

59

72

+ 22.0%

Median Sales Price*

$171,500

$99,000

- 42.3%

$132,970

$111,000

- 16.5%

Average Sales Price*

$223,838

$186,377

- 16.7%

$171,289

$148,387

- 13.4%

88.8%

90.7%

+ 2.2%

87.5%

89.2%

+ 1.9%

List to Close

199

116

- 41.5%

174

127

- 26.9%

Days on Market Until Sale

137

116

- 15.2%

148

133

- 9.9%

Cumulative Days on Market Until Sale

199

116

- 41.5%

174

127

- 26.9%

Inventory of Homes for Sale

90

83

- 7.8%

--

--

--

Months Supply of Inventory

15.9

11.2

- 29.5%

--

--

--

Percent of Original List Price Received*

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size. | Note: The Pending Sales methodology changed in July 2012. Pending sales counts are used to calculate Months Supply of Inventory, therefore, year-over-year comparisons for this metric may look extreme through June 2013.

2011

October

2012

13

142

11 8

2011

Year to Date

2012

151

8 72

59

+ 37.5% New Listings

+ 6.3% New Listings

+ 62.5% Closed Sales

+ 22.0% Closed Sales

Change in Median Sales Price from Prior Year (6-Month Average)**

Entire CMLS Area

b

Alexander County

a

+ 100% + 80% + 60% + 40% + 20% 0% - 20% - 40% 1-2008

7-2008

1-2009

7-2009

1-2010

7-2010

1-2011

7-2011

1-2012

7-2012

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

p Listing g Services,, Inc. Report p provided p byy the Charlotte Regional g REALTOR® Association. Powered byy 10K Research and Marketing. g Current as of November 5,, 2012. All data from Carolina Multiple


Local Market Update – October 2012 A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION FOR MORE INFORMATION CONTACT A REALTOR®

Anson County

- 33.3%

+ 57.1%

+ 69.4%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

October New Listings Closed Sales

Year to Date

2011

2012

+/–

2011

2012

+/–

18

12

- 33.3%

173

145

- 16.2%

7

11

+ 57.1%

71

90

+ 26.8%

Median Sales Price*

$45,000

$76,250

+ 69.4%

$37,500

$50,276

+ 34.1%

Average Sales Price*

$54,857

$109,140

+ 99.0%

$54,753

$73,982

+ 35.1%

78.7%

92.0%

+ 16.8%

79.1%

84.5%

+ 6.9%

List to Close

214

229

+ 6.8%

177

211

+ 19.2%

Days on Market Until Sale

163

189

+ 16.2%

157

156

- 0.2%

Cumulative Days on Market Until Sale

214

229

+ 6.8%

177

211

+ 19.2%

Inventory of Homes for Sale

144

109

- 24.3%

--

--

--

Months Supply of Inventory

20.6

12.5

- 39.4%

--

--

--

Percent of Original List Price Received*

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size. | Note: The Pending Sales methodology changed in July 2012. Pending sales counts are used to calculate Months Supply of Inventory, therefore, year-over-year comparisons for this metric may look extreme through June 2013.

2011

October

2012

2011

Year to Date

18

2012

173 145 12

11

- 33.3% New Listings

90

71

7

- 16.2% New Listings

+ 57.1% Closed Sales

+ 26.8% Closed Sales

Change in Median Sales Price from Prior Year (6-Month Average)**

Entire CMLS Area

b

Anson County

a

+ 140% + 120% + 100% + 80% + 60% + 40% + 20% 0% - 20% - 40% - 60% - 80% 1-2008

7-2008

1-2009

7-2009

1-2010

7-2010

1-2011

7-2011

1-2012

7-2012

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

p Listing g Services,, Inc. Report p provided p byy the Charlotte Regional g REALTOR® Association. Powered byy 10K Research and Marketing. g Current as of November 5,, 2012. All data from Carolina Multiple


Local Market Update – October 2012 A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION FOR MORE INFORMATION CONTACT A REALTOR®

Cabarrus County

+ 4.9%

+ 85.2%

- 9.2%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

October New Listings Closed Sales

Year to Date

2011

2012

+/–

2011

2012

+/–

247

259

+ 4.9%

2,989

3,112

+ 4.1%

108

200

+ 85.2%

1,440

1,701

+ 18.1%

Median Sales Price*

$152,000

$138,000

- 9.2%

$152,000

$154,000

+ 1.3%

Average Sales Price*

$170,969

$163,814

- 4.2%

$175,851

$175,922

+ 0.0%

90.5%

92.4%

+ 2.1%

90.0%

92.0%

+ 2.3%

List to Close

184

139

- 24.7%

163

147

- 9.7%

Days on Market Until Sale

140

96

- 30.9%

121

109

- 9.4% - 11.6%

Percent of Original List Price Received*

Cumulative Days on Market Until Sale

173

116

- 32.8%

152

134

Inventory of Homes for Sale

1,499

1,185

- 20.9%

--

--

--

Months Supply of Inventory

10.6

6.6

- 38.0%

--

--

--

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size. | Note: The Pending Sales methodology changed in July 2012. Pending sales counts are used to calculate Months Supply of Inventory, therefore, year-over-year comparisons for this metric may look extreme through June 2013.

2011

October 247

2012

2011

Year to Date

259

2,989

2012

3,112

200 1,440

108

+ 4.9% New Listings

+ 4.1% New Listings

+ 85.2% Closed Sales

1,701

+ 18.1% Closed Sales

Change in Median Sales Price from Prior Year (6-Month Average)**

Entire CMLS Area

b

Cabarrus County

a

+ 10% + 8% + 6% + 4% + 2% 0% - 2% - 4% - 6% - 8% - 10% - 12% 1-2008

7-2008

1-2009

7-2009

1-2010

7-2010

1-2011

7-2011

1-2012

7-2012

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

p Listing g Services,, Inc. Report p provided p byy the Charlotte Regional g REALTOR® Association. Powered byy 10K Research and Marketing. g Current as of November 5,, 2012. All data from Carolina Multiple


Local Market Update – October 2012 A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION FOR MORE INFORMATION CONTACT A REALTOR®

Gaston County

+ 20.9%

+ 45.7%

+ 22.3%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

October New Listings Closed Sales

Year to Date

2011

2012

+/–

2011

2012

+/–

220

266

+ 20.9%

2,739

2,943

+ 7.4%

129

188

+ 45.7%

1,296

1,538

+ 18.7%

Median Sales Price*

$93,250

$114,000

+ 22.3%

$105,000

$114,000

+ 8.6%

Average Sales Price*

$101,447

$126,652

+ 24.8%

$123,739

$134,614

+ 8.8%

87.5%

89.9%

+ 2.7%

87.9%

89.9%

+ 2.3%

List to Close

178

167

- 6.4%

168

158

- 6.0%

Days on Market Until Sale

117

120

+ 2.5%

120

116

- 3.5% - 12.6%

Percent of Original List Price Received*

Cumulative Days on Market Until Sale

153

136

- 11.1%

155

136

Inventory of Homes for Sale

1,521

1,339

- 12.0%

--

--

--

Months Supply of Inventory

12.1

8.2

- 31.8%

--

--

--

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size. | Note: The Pending Sales methodology changed in July 2012. Pending sales counts are used to calculate Months Supply of Inventory, therefore, year-over-year comparisons for this metric may look extreme through June 2013.

2011

October

2012

266

2,739

220

2011

Year to Date

2012

2,943

188 129

+ 20.9% New Listings

1,296

+ 45.7% Closed Sales

+ 7.4% New Listings

1,538

+ 18.7% Closed Sales

Change in Median Sales Price from Prior Year (6-Month Average)**

Entire CMLS Area

b

Gaston County

a

+ 25% + 20% + 15% + 10% + 5% 0% - 5% - 10% - 15% - 20% - 25% - 30% 1-2008

7-2008

1-2009

7-2009

1-2010

7-2010

1-2011

7-2011

1-2012

7-2012

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

p Listing g Services,, Inc. Report p provided p byy the Charlotte Regional g REALTOR® Association. Powered byy 10K Research and Marketing. g Current as of November 5,, 2012. All data from Carolina Multiple


Local Market Update – October 2012 A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION FOR MORE INFORMATION CONTACT A REALTOR®

Iredell County

+ 32.2%

+ 24.3%

- 16.0%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

October New Listings Closed Sales

Year to Date

2011

2012

+/–

2011

2012

+/–

202

267

+ 32.2%

2,810

3,036

+ 8.0%

140

174

+ 24.3%

1,304

1,582

+ 21.3%

Median Sales Price*

$196,250

$164,900

- 16.0%

$164,000

$170,000

+ 3.7%

Average Sales Price*

$269,217

$228,218

- 15.2%

$236,797

$245,674

+ 3.7%

89.0%

90.9%

+ 2.1%

88.0%

91.1%

+ 3.4%

List to Close

189

158

- 16.0%

173

161

- 6.6%

Days on Market Until Sale

144

124

- 14.1%

137

125

- 8.9% - 18.0%

Percent of Original List Price Received*

Cumulative Days on Market Until Sale

189

141

- 25.4%

182

149

Inventory of Homes for Sale

1,542

1,290

- 16.3%

--

--

--

Months Supply of Inventory

11.9

7.8

- 34.7%

--

--

--

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size. | Note: The Pending Sales methodology changed in July 2012. Pending sales counts are used to calculate Months Supply of Inventory, therefore, year-over-year comparisons for this metric may look extreme through June 2013.

2011

October

2012

267

2,810

202

2012

3,036

174

140

+ 32.2% New Listings

2011

Year to Date

1,304

+ 8.0% New Listings

+ 24.3% Closed Sales

1,582

+ 21.3% Closed Sales

Change in Median Sales Price from Prior Year (6-Month Average)**

Entire CMLS Area

b

Iredell County

a

+ 15% + 10% + 5% 0% - 5% - 10% - 15% 1-2008

7-2008

1-2009

7-2009

1-2010

7-2010

1-2011

7-2011

1-2012

7-2012

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

p Listing g Services,, Inc. Report p provided p byy the Charlotte Regional g REALTOR® Association. Powered byy 10K Research and Marketing. g Current as of November 5,, 2012. All data from Carolina Multiple


Local Market Update – October 2012 A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION FOR MORE INFORMATION CONTACT A REALTOR®

Lincoln County

+ 3.1%

+ 10.9%

- 5.7%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

October New Listings Closed Sales

Year to Date

2011

2012

+/–

2011

2012

+/–

97

100

+ 3.1%

1,263

1,235

- 2.2%

55

61

+ 10.9%

538

634

+ 17.8%

Median Sales Price*

$187,500

$176,750

- 5.7%

$139,000

$165,000

+ 18.7%

Average Sales Price*

$284,076

$270,515

- 4.8%

$189,815

$219,792

+ 15.8%

90.3%

87.8%

- 2.9%

88.7%

89.9%

+ 1.4%

List to Close

168

193

+ 14.9%

165

160

- 3.0%

Days on Market Until Sale

135

155

+ 14.8%

127

123

- 3.3%

Cumulative Days on Market Until Sale

170

175

+ 2.8%

172

164

- 4.7%

Inventory of Homes for Sale

711

530

- 25.5%

--

--

--

Months Supply of Inventory

13.1

7.8

- 40.7%

--

--

--

Percent of Original List Price Received*

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size. | Note: The Pending Sales methodology changed in July 2012. Pending sales counts are used to calculate Months Supply of Inventory, therefore, year-over-year comparisons for this metric may look extreme through June 2013.

2011

October 97

2012

1,263

100

634

538

- 2.2% New Listings

+ 10.9% Closed Sales

2012

1,235

61

55

+ 3.1% New Listings

2011

Year to Date

+ 17.8% Closed Sales

Change in Median Sales Price from Prior Year (6-Month Average)**

Entire CMLS Area

b

Lincoln County

a

+ 50% + 40% + 30% + 20% + 10% 0% - 10% - 20% - 30% 1-2008

7-2008

1-2009

7-2009

1-2010

7-2010

1-2011

7-2011

1-2012

7-2012

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

p Listing g Services,, Inc. Report p provided p byy the Charlotte Regional g REALTOR® Association. Powered byy 10K Research and Marketing. g Current as of November 5,, 2012. All data from Carolina Multiple


Local Market Update – October 2012 A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION FOR MORE INFORMATION CONTACT A REALTOR®

Mecklenburg County

+ 1.1%

+ 31.0%

+ 8.5%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

October

New Listings Closed Sales

Year to Date

2011

2012

+/–

2011

2012

+/–

1,393

1,408

+ 1.1%

18,237

17,225

- 5.5%

872

1,142

+ 31.0%

9,039

10,577

+ 17.0%

Median Sales Price*

$155,000

$168,250

+ 8.5%

$158,343

$165,000

+ 4.2%

Average Sales Price*

$200,574

$223,647

+ 11.5%

$215,708

$222,747

+ 3.3%

90.8%

93.4%

+ 2.8%

89.6%

92.8%

+ 3.5%

List to Close

154

144

- 6.7%

156

145

- 6.8%

Days on Market Until Sale

113

101

- 9.9%

113

107

- 5.4% - 13.2%

Percent of Original List Price Received*

Cumulative Days on Market Until Sale

157

124

- 20.7%

157

136

Inventory of Homes for Sale

8,257

4,949

- 40.1%

--

--

--

Months Supply of Inventory

9.4

4.3

- 54.7%

--

--

--

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size. | Note: The Pending Sales methodology changed in July 2012. Pending sales counts are used to calculate Months Supply of Inventory, therefore, year-over-year comparisons for this metric may look extreme through June 2013.

2011

October 1,393

2012

2011

Year to Date 18,237

1,408

2012

17,225

1,142 872

+ 1.1% New Listings

9,039

- 5.5% New Listings

+ 31.0% Closed Sales

10,577

+ 17.0% Closed Sales

Change in Median Sales Price from Prior Year (6-Month Average)**

Entire CMLS Area

b

Mecklenburg County

a

+ 8% + 6% + 4% + 2% 0% - 2% - 4% - 6% - 8% - 10% - 12% 1-2008

7-2008

1-2009

7-2009

1-2010

7-2010

1-2011

7-2011

1-2012

7-2012

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

p Listing g Services,, Inc. Report p provided p byy the Charlotte Regional g REALTOR® Association. Powered byy 10K Research and Marketing. g Current as of November 5,, 2012. All data from Carolina Multiple


Local Market Update – October 2012 A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION FOR MORE INFORMATION CONTACT A REALTOR®

Mecklenburg (N) Area 01

- 3.3%

+ 39.6%

+ 0.9%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

October

New Listings Closed Sales

Year to Date

2011

2012

+/–

2011

2012

+/–

246

238

- 3.3%

3,071

2,906

- 5.4%

149

208

+ 39.6%

1,521

1,781

+ 17.1%

Median Sales Price*

$160,000

$161,500

+ 0.9%

$147,250

$149,151

+ 1.3%

Average Sales Price*

$162,813

$189,459

+ 16.4%

$175,744

$175,160

- 0.3%

92.0%

93.1%

+ 1.2%

90.7%

93.8%

+ 3.4%

List to Close

168

163

- 3.0%

156

150

- 3.7%

Days on Market Until Sale

129

115

- 10.9%

115

106

- 7.9% - 15.3%

Percent of Original List Price Received*

Cumulative Days on Market Until Sale

168

134

- 20.6%

156

132

Inventory of Homes for Sale

1,394

813

- 41.7%

--

--

--

Months Supply of Inventory

9.2

4.1

- 55.5%

--

--

--

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size. | Note: The Pending Sales methodology changed in July 2012. Pending sales counts are used to calculate Months Supply of Inventory, therefore, year-over-year comparisons for this metric may look extreme through June 2013.

2011

October 246

2012

3,071

238

2011

Year to Date

2012

2,906

208 149

- 3.3% New Listings

1,521

+ 39.6% Closed Sales

- 5.4% New Listings

1,781

+ 17.1% Closed Sales

Change in Median Sales Price from Prior Year (6-Month Average)**

Entire CMLS Area

b

Mecklenburg - (N) Area 01

a

+ 10% + 8% + 6% + 4% + 2% 0% - 2% - 4% - 6% - 8% - 10% 1-2008

7-2008

1-2009

7-2009

1-2010

7-2010

1-2011

7-2011

1-2012

7-2012

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

p Listing g Services,, Inc. Report p provided p byy the Charlotte Regional g REALTOR® Association. Powered byy 10K Research and Marketing. g Current as of November 5,, 2012. All data from Carolina Multiple


Local Market Update – October 2012 A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION FOR MORE INFORMATION CONTACT A REALTOR®

Mecklenburg - (E) Area 02

- 16.1%

+ 19.0%

+ 7.2%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

October

New Listings Closed Sales

Year to Date

2011

2012

+/–

2011

2012

+/–

193

162

- 16.1%

2,172

1,954

- 10.0%

105

125

+ 19.0%

1,077

1,220

+ 13.3%

Median Sales Price*

$93,300

$100,000

+ 7.2%

$98,000

$95,000

- 3.1%

Average Sales Price*

$105,562

$114,325

+ 8.3%

$110,520

$113,374

+ 2.6%

89.4%

92.9%

+ 3.9%

88.8%

91.7%

+ 3.3%

List to Close

139

148

+ 6.5%

145

139

- 4.2%

Days on Market Until Sale

93

94

+ 1.9%

100

95

- 5.1%

Cumulative Days on Market Until Sale

130

120

- 7.0%

140

124

- 10.9%

Inventory of Homes for Sale

984

549

- 44.2%

--

--

--

Months Supply of Inventory

9.3

4.1

- 56.3%

--

--

--

Percent of Original List Price Received*

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size. | Note: The Pending Sales methodology changed in July 2012. Pending sales counts are used to calculate Months Supply of Inventory, therefore, year-over-year comparisons for this metric may look extreme through June 2013.

2011

October

2012

2011

Year to Date 2,172

193

2012

1,954

162 125

105

- 16.1% New Listings

1,077

- 10.0% New Listings

+ 19.0% Closed Sales

1,220

+ 13.3% Closed Sales

Change in Median Sales Price from Prior Year (6-Month Average)**

Entire CMLS Area

b

Mecklenburg - (E) Area 02

a

+ 10% + 5% 0% - 5% - 10% - 15% - 20% 1-2008

7-2008

1-2009

7-2009

1-2010

7-2010

1-2011

7-2011

1-2012

7-2012

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

p Listing g Services,, Inc. Report p provided p byy the Charlotte Regional g REALTOR® Association. Powered byy 10K Research and Marketing. g Current as of November 5,, 2012. All data from Carolina Multiple


Local Market Update – October 2012 A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION FOR MORE INFORMATION CONTACT A REALTOR®

Mecklenburg (SE) Area 03

+ 1.8%

+ 19.1%

+ 7.4%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

October

New Listings Closed Sales

Year to Date

2011

2012

+/–

2011

2012

+/–

109

111

+ 1.8%

1,349

1,322

- 2.0%

68

81

+ 19.1%

652

780

+ 19.6%

Median Sales Price*

$107,950

$115,900

+ 7.4%

$105,000

$119,000

+ 13.3%

Average Sales Price*

$113,338

$139,238

+ 22.9%

$125,539

$135,784

+ 8.2%

90.7%

92.6%

+ 2.2%

87.8%

91.4%

+ 4.1%

List to Close

153

123

- 20.0%

146

142

- 2.8%

Days on Market Until Sale

97

86

- 11.5%

99

104

+ 5.0%

Cumulative Days on Market Until Sale

165

103

- 37.4%

149

135

- 8.8%

Inventory of Homes for Sale

610

417

- 31.6%

--

--

--

Months Supply of Inventory

9.4

5.0

- 47.5%

--

--

--

Percent of Original List Price Received*

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size. | Note: The Pending Sales methodology changed in July 2012. Pending sales counts are used to calculate Months Supply of Inventory, therefore, year-over-year comparisons for this metric may look extreme through June 2013.

2011

October 109

2012

2011

Year to Date

111

1,349

1,322

81

68

780

652

+ 1.8% New Listings

2012

+ 19.1% Closed Sales

- 2.0% New Listings

+ 19.6% Closed Sales

Change in Median Sales Price from Prior Year (6-Month Average)**

Entire CMLS Area

b

Mecklenburg - (SE) Area 03

a

+ 25% + 20% + 15% + 10% + 5% 0% - 5% - 10% - 15% - 20% - 25% - 30% 1-2008

7-2008

1-2009

7-2009

1-2010

7-2010

1-2011

7-2011

1-2012

7-2012

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

p Listing g Services,, Inc. Report p provided p byy the Charlotte Regional g REALTOR® Association. Powered byy 10K Research and Marketing. g Current as of November 5,, 2012. All data from Carolina Multiple


Local Market Update – October 2012 A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION FOR MORE INFORMATION CONTACT A REALTOR®

Mecklenburg (SSE) Area 04

+ 10.6%

+ 14.3%

- 1.0%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

October

New Listings Closed Sales

Year to Date

2011

2012

+/–

2011

2012

+/–

141

156

+ 10.6%

1,876

1,962

+ 4.6%

98

112

+ 14.3%

882

1,124

+ 27.4%

Median Sales Price*

$250,000

$247,500

- 1.0%

$255,000

$247,807

- 2.8%

Average Sales Price*

$281,245

$304,627

+ 8.3%

$304,730

$308,120

+ 1.1%

90.0%

91.3%

+ 1.4%

89.7%

92.5%

+ 3.1%

List to Close

160

142

- 11.6%

157

141

- 9.9%

Days on Market Until Sale

127

106

- 16.0%

126

111

- 11.7%

Cumulative Days on Market Until Sale

172

141

- 17.9%

184

145

- 21.2%

Inventory of Homes for Sale

844

563

- 33.3%

--

--

--

Months Supply of Inventory

10.0

4.7

- 52.8%

--

--

--

Percent of Original List Price Received*

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size. | Note: The Pending Sales methodology changed in July 2012. Pending sales counts are used to calculate Months Supply of Inventory, therefore, year-over-year comparisons for this metric may look extreme through June 2013.

2011

October 141

2012

2011

Year to Date

156

1,876

1,962

112

98

882

+ 10.6% New Listings

2012

+ 4.6% New Listings

+ 14.3% Closed Sales

1,124

+ 27.4% Closed Sales

Change in Median Sales Price from Prior Year (6-Month Average)**

Entire CMLS Area

b

Mecklenburg - (SSE) Area 04

a

+ 15%

+ 10%

+ 5%

0%

- 5%

- 10% 1-2008

7-2008

1-2009

7-2009

1-2010

7-2010

1-2011

7-2011

1-2012

7-2012

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

p Listing g Services,, Inc. Report p provided p byy the Charlotte Regional g REALTOR® Association. Powered byy 10K Research and Marketing. g Current as of November 5,, 2012. All data from Carolina Multiple


Local Market Update – October 2012 A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION FOR MORE INFORMATION CONTACT A REALTOR®

Mecklenburg - (S) Area 05

- 2.1%

+ 25.6%

+ 8.5%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

October

New Listings Closed Sales

Year to Date

2011

2012

+/–

2011

2012

+/–

240

235

- 2.1%

3,493

3,178

- 9.0%

160

201

+ 25.6%

1,686

1,996

+ 18.4%

Median Sales Price*

$272,000

$295,000

+ 8.5%

$275,000

$277,500

+ 0.9%

Average Sales Price*

$359,504

$368,021

+ 2.4%

$362,904

$369,085

+ 1.7%

91.7%

93.5%

+ 2.0%

90.5%

93.1%

+ 2.9%

List to Close

149

132

- 11.5%

154

144

- 6.6%

Days on Market Until Sale

118

99

- 16.1%

120

114

- 5.5% - 14.1%

Percent of Original List Price Received*

Cumulative Days on Market Until Sale

172

125

- 27.7%

167

144

Inventory of Homes for Sale

1,560

861

- 44.8%

--

--

--

Months Supply of Inventory

9.7

4.0

- 59.1%

--

--

--

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size. | Note: The Pending Sales methodology changed in July 2012. Pending sales counts are used to calculate Months Supply of Inventory, therefore, year-over-year comparisons for this metric may look extreme through June 2013.

2011

October 240

2012

3,493

235

2011

Year to Date

2012

3,178

201 160

- 2.1% New Listings

1,686

+ 25.6% Closed Sales

- 9.0% New Listings

1,996

+ 18.4% Closed Sales

Change in Median Sales Price from Prior Year (6-Month Average)**

Entire CMLS Area

b

Mecklenburg - (S) Area 05

a

+ 15% + 10% + 5% 0% - 5% - 10% - 15% 1-2008

7-2008

1-2009

7-2009

1-2010

7-2010

1-2011

7-2011

1-2012

7-2012

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

p Listing g Services,, Inc. Report p provided p byy the Charlotte Regional g REALTOR® Association. Powered byy 10K Research and Marketing. g Current as of November 5,, 2012. All data from Carolina Multiple


Local Market Update – October 2012 A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION FOR MORE INFORMATION CONTACT A REALTOR®

Mecklenburg (SSW) Area 06

+ 5.4%

+ 49.2%

- 7.3%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

October

New Listings Closed Sales

Year to Date

2011

2012

+/–

2011

2012

+/–

111

117

+ 5.4%

1,432

1,337

- 6.6%

63

94

+ 49.2%

712

843

+ 18.4%

Median Sales Price*

$179,900

$166,750

- 7.3%

$181,700

$185,000

+ 1.8%

Average Sales Price*

$195,904

$192,403

- 1.8%

$206,286

$220,015

+ 6.7%

92.6%

93.2%

+ 0.7%

91.4%

92.7%

+ 1.4%

List to Close

141

134

- 5.2%

179

149

- 16.4%

Days on Market Until Sale

108

103

- 4.8%

112

113

+ 0.5%

Cumulative Days on Market Until Sale

146

125

- 14.4%

166

144

- 13.2%

Inventory of Homes for Sale

608

370

- 39.1%

--

--

--

Months Supply of Inventory

9.4

3.9

- 58.0%

--

--

--

Percent of Original List Price Received*

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size. | Note: The Pending Sales methodology changed in July 2012. Pending sales counts are used to calculate Months Supply of Inventory, therefore, year-over-year comparisons for this metric may look extreme through June 2013.

2011

October 111

2012

2011

Year to Date 1,432

117

2012

1,337

94 63

+ 5.4% New Listings

843

712

+ 49.2% Closed Sales

- 6.6% New Listings

+ 18.4% Closed Sales

Change in Median Sales Price from Prior Year (6-Month Average)**

Entire CMLS Area

b

Mecklenburg - (SSW) Area 06

a

+ 15%

+ 10%

+ 5%

0%

- 5%

- 10% 1-2008

7-2008

1-2009

7-2009

1-2010

7-2010

1-2011

7-2011

1-2012

7-2012

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

p Listing g Services,, Inc. Report p provided p byy the Charlotte Regional g REALTOR® Association. Powered byy 10K Research and Marketing. g Current as of November 5,, 2012. All data from Carolina Multiple


Local Market Update – October 2012 A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION FOR MORE INFORMATION CONTACT A REALTOR®

Mecklenburg (SW) Area 07

- 4.5%

+ 34.3%

+ 15.5%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

October

New Listings Closed Sales

Year to Date

2011

2012

+/–

2011

2012

+/–

89

85

- 4.5%

1,180

1,045

- 11.4%

67

90

+ 34.3%

671

719

+ 7.2%

Median Sales Price*

$128,000

$147,780

+ 15.5%

$125,001

$140,000

+ 12.0%

Average Sales Price*

$132,074

$144,807

+ 9.6%

$131,661

$146,026

+ 10.9%

91.5%

97.2%

+ 6.3%

89.6%

94.0%

+ 4.9%

List to Close

170

152

- 10.6%

163

151

- 7.6%

Days on Market Until Sale

107

95

- 11.1%

105

95

- 9.5%

Cumulative Days on Market Until Sale

131

108

- 17.4%

141

113

- 19.9%

Inventory of Homes for Sale

492

267

- 45.7%

--

--

--

Months Supply of Inventory

7.3

3.2

- 55.8%

--

--

--

Percent of Original List Price Received*

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size. | Note: The Pending Sales methodology changed in July 2012. Pending sales counts are used to calculate Months Supply of Inventory, therefore, year-over-year comparisons for this metric may look extreme through June 2013.

2011

October 89

2012

90

85

2011

Year to Date 1,180

67

1,045 719

671

- 4.5% New Listings

- 11.4% New Listings

+ 34.3% Closed Sales

2012

+ 7.2% Closed Sales

Change in Median Sales Price from Prior Year (6-Month Average)**

Entire CMLS Area

b

Mecklenburg - (SW) Area 07

a

+ 15% + 10% + 5% 0% - 5% - 10% - 15% 1-2008

7-2008

1-2009

7-2009

1-2010

7-2010

1-2011

7-2011

1-2012

7-2012

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

p Listing g Services,, Inc. Report p provided p byy the Charlotte Regional g REALTOR® Association. Powered byy 10K Research and Marketing. g Current as of November 5,, 2012. All data from Carolina Multiple


Local Market Update – October 2012 A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION FOR MORE INFORMATION CONTACT A REALTOR®

Mecklenburg (W) Area 08

- 12.5%

+ 39.4%

+ 22.1%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

October

New Listings Closed Sales

Year to Date

2011

2012

+/–

2011

2012

+/–

72

63

- 12.5%

866

780

- 9.9%

33

46

+ 39.4%

458

493

+ 7.6%

Median Sales Price*

$52,000

$63,500

+ 22.1%

$55,100

$63,250

+ 14.8%

Average Sales Price*

$60,667

$85,217

+ 40.5%

$70,287

$75,580

+ 7.5%

85.1%

93.9%

+ 10.4%

85.7%

90.4%

+ 5.4%

List to Close

150

130

- 13.2%

147

134

- 8.6%

Days on Market Until Sale

98

86

- 12.5%

95

94

- 1.2%

Cumulative Days on Market Until Sale

143

124

- 12.9%

120

130

+ 8.6%

Inventory of Homes for Sale

419

213

- 49.2%

--

--

--

Months Supply of Inventory

9.4

3.8

- 59.2%

--

--

--

Percent of Original List Price Received*

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size. | Note: The Pending Sales methodology changed in July 2012. Pending sales counts are used to calculate Months Supply of Inventory, therefore, year-over-year comparisons for this metric may look extreme through June 2013.

2011

October 72

2012

2011

Year to Date 866

63

780

46

493

458

33

- 12.5% New Listings

- 9.9% New Listings

+ 39.4% Closed Sales

2012

+ 7.6% Closed Sales

Change in Median Sales Price from Prior Year (6-Month Average)**

Entire CMLS Area

b

Mecklenburg - (W) Area 08

a

+ 20% + 10% 0% - 10% - 20% - 30% - 40% 1-2008

7-2008

1-2009

7-2009

1-2010

7-2010

1-2011

7-2011

1-2012

7-2012

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

p Listing g Services,, Inc. Report p provided p byy the Charlotte Regional g REALTOR® Association. Powered byy 10K Research and Marketing. g Current as of November 5,, 2012. All data from Carolina Multiple


Local Market Update – October 2012 A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION FOR MORE INFORMATION CONTACT A REALTOR®

Mecklenburg (NW) Area 09

+ 30.0%

+ 43.1%

+ 21.0%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

October

New Listings Closed Sales

Year to Date

2011

2012

+/–

2011

2012

+/–

90

117

+ 30.0%

1,364

1,328

- 2.6%

65

93

+ 43.1%

734

862

+ 17.4%

Median Sales Price*

$112,400

$136,000

+ 21.0%

$127,900

$129,900

+ 1.6%

Average Sales Price*

$119,188

$156,624

+ 31.4%

$149,689

$154,600

+ 3.3%

89.2%

95.4%

+ 7.0%

89.1%

93.4%

+ 4.8%

List to Close

165

137

- 17.2%

153

136

- 10.9%

Days on Market Until Sale

109

98

- 9.8%

108

98

- 9.3%

Cumulative Days on Market Until Sale

153

121

- 20.8%

146

127

- 13.2%

Inventory of Homes for Sale

592

330

- 44.3%

--

--

--

Months Supply of Inventory

8.3

3.4

- 58.9%

--

--

--

Percent of Original List Price Received*

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size. | Note: The Pending Sales methodology changed in July 2012. Pending sales counts are used to calculate Months Supply of Inventory, therefore, year-over-year comparisons for this metric may look extreme through June 2013.

2011

October

2012

2011

Year to Date 1,364

117

2012

1,328

93

90 65

+ 30.0% New Listings

862

734

+ 43.1% Closed Sales

- 2.6% New Listings

+ 17.4% Closed Sales

Change in Median Sales Price from Prior Year (6-Month Average)**

Entire CMLS Area

b

Mecklenburg - (NW) Area 09

a

+ 10% + 5% 0% - 5% - 10% - 15% - 20% - 25% 1-2008

7-2008

1-2009

7-2009

1-2010

7-2010

1-2011

7-2011

1-2012

7-2012

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

p Listing g Services,, Inc. Report p provided p byy the Charlotte Regional g REALTOR® Association. Powered byy 10K Research and Marketing. g Current as of November 5,, 2012. All data from Carolina Multiple


Local Market Update – October 2012 A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION FOR MORE INFORMATION CONTACT A REALTOR®

Montgomery County

- 37.5%

+ 100.0%

+ 85.9%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

October

New Listings Closed Sales

Year to Date

2011

2012

+/–

2011

2012

+/–

24

15

- 37.5%

343

300

- 12.5%

8

16

+ 100.0%

57

131

+ 129.8%

Median Sales Price*

$64,000

$119,000

+ 85.9%

$80,000

$99,125

+ 23.9%

Average Sales Price*

$129,175

$156,750

+ 21.3%

$177,830

$176,539

- 0.7%

90.8%

84.7%

- 6.8%

83.0%

84.5%

+ 1.9%

List to Close

91

167

+ 84.5%

192

170

- 11.8%

Days on Market Until Sale

91

162

+ 78.5%

184

168

- 8.5%

Cumulative Days on Market Until Sale

91

167

+ 84.5%

192

170

- 11.8%

Inventory of Homes for Sale

324

287

- 11.4%

--

--

--

Months Supply of Inventory

50.9

22.7

- 55.5%

--

--

--

Percent of Original List Price Received*

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size. | Note: The Pending Sales methodology changed in July 2012. Pending sales counts are used to calculate Months Supply of Inventory, therefore, year-over-year comparisons for this metric may look extreme through June 2013.

2011

October

2012

2011

Year to Date 343

24

2012

300

16

15

131

8 57 - 37.5% New Listings

- 12.5% New Listings

+ 100.0% Closed Sales

+ 129.8% Closed Sales

Change in Median Sales Price from Prior Year (6-Month Average)**

Entire CMLS Area

b

Montgomery County

a

+ 400% + 350% + 300% + 250% + 200% + 150% + 100% + 50% 0% - 50% - 100% 1-2008

7-2008

1-2009

7-2009

1-2010

7-2010

1-2011

7-2011

1-2012

7-2012

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

p Listing g Services,, Inc. Report p provided p byy the Charlotte Regional g REALTOR® Association. Powered byy 10K Research and Marketing. g Current as of November 5,, 2012. All data from Carolina Multiple


Local Market Update – October 2012 A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION FOR MORE INFORMATION CONTACT A REALTOR®

Stanly County

- 5.8%

+ 12.0%

- 24.5%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

October New Listings Closed Sales

Year to Date

2011

2012

+/–

2011

2012

+/–

52

49

- 5.8%

608

627

+ 3.1%

25

28

+ 12.0%

206

261

+ 26.7%

Median Sales Price*

$128,500

$97,000

- 24.5%

$107,200

$109,750

+ 2.4%

Average Sales Price*

$154,362

$110,583

- 28.4%

$130,653

$125,965

- 3.6%

86.2%

84.4%

- 2.1%

87.0%

86.3%

- 0.8%

List to Close

150

149

- 0.6%

144

155

+ 7.4%

Days on Market Until Sale

110

114

+ 3.5%

125

131

+ 5.0%

Cumulative Days on Market Until Sale

150

149

- 0.6%

144

155

+ 7.4%

Inventory of Homes for Sale

441

406

- 7.9%

--

--

--

Months Supply of Inventory

21.4

14.4

- 32.9%

--

--

--

Percent of Original List Price Received*

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size. | Note: The Pending Sales methodology changed in July 2012. Pending sales counts are used to calculate Months Supply of Inventory, therefore, year-over-year comparisons for this metric may look extreme through June 2013.

2011

October 52

2012

2011

Year to Date 608

49

627

28

25

261

206

- 5.8% New Listings

+ 12.0% Closed Sales

2012

+ 3.1% New Listings

+ 26.7% Closed Sales

Change in Median Sales Price from Prior Year (6-Month Average)**

Entire CMLS Area

b

Stanly County

a

+ 40% + 30% + 20% + 10% 0% - 10% - 20% - 30% 1-2008

7-2008

1-2009

7-2009

1-2010

7-2010

1-2011

7-2011

1-2012

7-2012

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

p Listing g Services,, Inc. Report p provided p byy the Charlotte Regional g REALTOR® Association. Powered byy 10K Research and Marketing. g Current as of November 5,, 2012. All data from Carolina Multiple


Local Market Update – October 2012 A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION FOR MORE INFORMATION CONTACT A REALTOR®

Union County

+ 15.6%

+ 53.8%

+ 15.6%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

October New Listings Closed Sales

Year to Date

2011

2012

+/–

2011

2012

+/–

307

355

+ 15.6%

3,820

4,023

+ 5.3%

182

280

+ 53.8%

1,871

2,299

+ 22.9%

Median Sales Price*

$160,000

$185,000

+ 15.6%

$181,000

$190,750

+ 5.4%

Average Sales Price*

$201,760

$229,763

+ 13.9%

$245,432

$252,637

+ 2.9%

91.1%

93.4%

+ 2.5%

90.3%

93.1%

+ 3.1%

List to Close

190

136

- 28.5%

167

145

- 13.0%

Days on Market Until Sale

137

100

- 26.8%

126

107

- 14.9% - 21.2%

Percent of Original List Price Received*

Cumulative Days on Market Until Sale

163

125

- 23.6%

171

135

Inventory of Homes for Sale

1,910

1,318

- 31.0%

--

--

--

Months Supply of Inventory

10.4

5.3

- 49.4%

--

--

--

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size. | Note: The Pending Sales methodology changed in July 2012. Pending sales counts are used to calculate Months Supply of Inventory, therefore, year-over-year comparisons for this metric may look extreme through June 2013.

2011

October

2012

355

3,820

307

2011

Year to Date

2012

4,023

280 182

+ 15.6% New Listings

1,871

+ 5.3% New Listings

+ 53.8% Closed Sales

2,299

+ 22.9% Closed Sales

Change in Median Sales Price from Prior Year (6-Month Average)**

Entire CMLS Area

b

Union County

a

+ 10%

+ 5%

0%

- 5%

- 10%

- 15% 1-2008

7-2008

1-2009

7-2009

1-2010

7-2010

1-2011

7-2011

1-2012

7-2012

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

p Listing g Services,, Inc. Report p provided p byy the Charlotte Regional g REALTOR® Association. Powered byy 10K Research and Marketing. g Current as of November 5,, 2012. All data from Carolina Multiple


Local Market Update – October 2012 A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION FOR MORE INFORMATION CONTACT A REALTOR®

Lake Norman / Area 13

+ 15.7%

+ 2.9%

+ 18.6%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

October

New Listings Closed Sales

Year to Date

2011

2012

+/–

2011

2012

+/–

153

177

+ 15.7%

2,283

2,356

+ 3.2%

104

107

+ 2.9%

915

1,101

+ 20.3%

Median Sales Price*

$328,883

$390,000

+ 18.6%

$330,000

$340,000

+ 3.0%

Average Sales Price*

$416,123

$470,280

+ 13.0%

$433,404

$438,040

+ 1.1%

89.4%

91.5%

+ 2.3%

88.4%

91.3%

+ 3.2%

List to Close

192

163

- 15.0%

182

164

- 10.2%

Days on Market Until Sale

156

130

- 16.8%

152

128

- 16.0% - 18.8%

Percent of Original List Price Received*

Cumulative Days on Market Until Sale

202

151

- 25.1%

213

173

Inventory of Homes for Sale

1,274

997

- 21.7%

--

--

--

Months Supply of Inventory

13.7

8.4

- 38.5%

--

--

--

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size. | Note: The Pending Sales methodology changed in July 2012. Pending sales counts are used to calculate Months Supply of Inventory, therefore, year-over-year comparisons for this metric may look extreme through June 2013.

2011

October 153

2012

2011

Year to Date 2,283

177

2,356

107

104

915

+ 15.7% New Listings

+ 2.9% Closed Sales

2012

+ 3.2% New Listings

1,101

+ 20.3% Closed Sales

Change in Median Sales Price from Prior Year (6-Month Average)**

Entire CMLS Area

b

Lake Norman / Area 13

a

+ 15%

+ 10%

+ 5%

0%

- 5%

- 10% 1-2008

7-2008

1-2009

7-2009

1-2010

7-2010

1-2011

7-2011

1-2012

7-2012

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

p Listing g Services,, Inc. Report p provided p byy the Charlotte Regional g REALTOR® Association. Powered byy 10K Research and Marketing. g Current as of November 5,, 2012. All data from Carolina Multiple


Local Market Update – October 2012 A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION FOR MORE INFORMATION CONTACT A REALTOR®

Lake Wylie / Area 15

- 7.5%

+ 41.9%

- 14.9%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

October

New Listings Closed Sales

Year to Date

2011

2012

+/–

2011

2012

+/–

67

62

- 7.5%

794

900

+ 13.4%

31

44

+ 41.9%

315

416

+ 32.1%

Median Sales Price*

$275,000

$234,085

- 14.9%

$275,000

$280,000

+ 1.8%

Average Sales Price*

$300,693

$302,754

+ 0.7%

$310,886

$333,092

+ 7.1%

85.9%

92.6%

+ 7.8%

88.3%

92.7%

+ 5.0%

List to Close

170

178

+ 4.8%

190

162

- 14.4%

Days on Market Until Sale

137

131

- 4.0%

150

123

- 18.1%

Cumulative Days on Market Until Sale

164

141

- 14.0%

195

158

- 18.9%

Inventory of Homes for Sale

438

362

- 17.4%

--

--

--

Months Supply of Inventory

13.7

8.5

- 37.7%

--

--

--

Percent of Original List Price Received*

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size. | Note: The Pending Sales methodology changed in July 2012. Pending sales counts are used to calculate Months Supply of Inventory, therefore, year-over-year comparisons for this metric may look extreme through June 2013.

2011

October 67

2012

2011

Year to Date 794

62

2012

900

44 31

- 7.5% New Listings

416

315

+ 41.9% Closed Sales

+ 13.4% New Listings

+ 32.1% Closed Sales

Change in Median Sales Price from Prior Year (6-Month Average)**

Entire CMLS Area

b

Lake Wylie / Area 15

a

+ 40% + 30% + 20% + 10% 0% - 10% - 20% - 30% - 40% 1-2008

7-2008

1-2009

7-2009

1-2010

7-2010

1-2011

7-2011

1-2012

7-2012

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

p Listing g Services,, Inc. Report p provided p byy the Charlotte Regional g REALTOR® Association. Powered byy 10K Research and Marketing. g Current as of November 5,, 2012. All data from Carolina Multiple


Local Market Update – October 2012 A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION FOR MORE INFORMATION CONTACT A REALTOR®

Uptown / Area 99

- 6.9%

+ 15.0%

+ 18.9%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

October New Listings Closed Sales

Year to Date

2011

2012

+/–

2011

2012

+/–

29

27

- 6.9%

326

312

- 4.3%

20

23

+ 15.0%

153

196

+ 28.1%

Median Sales Price*

$189,250

$225,000

+ 18.9%

$198,000

$210,500

+ 6.3%

Average Sales Price*

$243,000

$288,851

+ 18.9%

$262,577

$260,615

- 0.7%

91.0%

91.5%

+ 0.6%

89.6%

92.7%

+ 3.4%

List to Close

138

113

- 18.1%

161

162

+ 1.1%

Days on Market Until Sale

117

71

- 39.6%

131

126

- 4.0%

Cumulative Days on Market Until Sale

147

92

- 37.6%

155

149

- 3.8%

Inventory of Homes for Sale

172

114

- 33.7%

--

--

--

Months Supply of Inventory

11.9

5.5

- 54.1%

--

--

--

Percent of Original List Price Received*

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size. | Note: The Pending Sales methodology changed in July 2012. Pending sales counts are used to calculate Months Supply of Inventory, therefore, year-over-year comparisons for this metric may look extreme through June 2013.

2011

October 29

2012

326 27

2011

Year to Date 312

23

20

2012

196 153

- 6.9% New Listings

+ 15.0% Closed Sales

- 4.3% New Listings

+ 28.1% Closed Sales

Change in Median Sales Price from Prior Year (6-Month Average)**

Entire CMLS Area

b

Uptown / Area 99

a

+ 20% + 10% 0% - 10% - 20% - 30% - 40% - 50% 1-2008

7-2008

1-2009

7-2009

1-2010

7-2010

1-2011

7-2011

1-2012

7-2012

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

p Listing g Services,, Inc. Report p provided p byy the Charlotte Regional g REALTOR® Association. Powered byy 10K Research and Marketing. g Current as of November 5,, 2012. All data from Carolina Multiple


Local Market Update – October 2012 A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION FOR MORE INFORMATION CONTACT A REALTOR®

Cherokee County, SC

0.0%

- 100.0%

- 100.0%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

October

New Listings Closed Sales

Year to Date

2011

2012

+/–

2011

2012

+/–

1

1

0.0%

12

5

- 58.3%

1

0

- 100.0%

5

2

- 60.0%

Median Sales Price*

$154,000

$0

- 100.0%

$60,125

$102,950

+ 71.2%

Average Sales Price*

$154,000

$0

- 100.0%

$81,063

$102,950

+ 27.0%

75.1%

0.0%

- 100.0%

88.5%

92.5%

+ 4.5%

List to Close

646

0

- 100.0%

209

139

- 33.5%

Days on Market Until Sale

646

0

- 100.0%

209

139

- 33.5% - 33.5%

Percent of Original List Price Received*

Cumulative Days on Market Until Sale

646

0

- 100.0%

209

139

Inventory of Homes for Sale

8

9

+ 12.5%

--

--

--

Months Supply of Inventory

6.4

9.0

+ 40.6%

--

--

--

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size. | Note: The Pending Sales methodology changed in July 2012. Pending sales counts are used to calculate Months Supply of Inventory, therefore, year-over-year comparisons for this metric may look extreme through June 2013.

2011

October 1

1

2012

2011

Year to Date

2012

12

1

5

5 2

0 0.0% New Listings

- 58.3% New Listings

- 100.0% Closed Sales

- 60.0% Closed Sales

Change in Median Sales Price from Prior Year (6-Month Average)**

Entire CMLS Area

b

Cherokee County, SC

a

+ 8% + 6% + 4% + 2% 0% - 2% - 4% - 6% - 8% - 10% 1-2008

7-2008

1-2009

7-2009

1-2010

7-2010

1-2011

7-2011

1-2012

7-2012

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

p Listing g Services,, Inc. Report p provided p byy the Charlotte Regional g REALTOR® Association. Powered byy 10K Research and Marketing. g Current as of November 5,, 2012. All data from Carolina Multiple


Local Market Update – October 2012 A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION FOR MORE INFORMATION CONTACT A REALTOR®

Chester County, SC

- 14.3%

- 50.0%

- 62.9%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

October

New Listings Closed Sales

Year to Date

2011

2012

+/–

2011

2012

+/–

7

6

- 14.3%

83

96

+ 15.7%

4

2

- 50.0%

27

38

+ 40.7%

Median Sales Price*

$35,000

$13,000

- 62.9%

$45,000

$54,000

+ 20.0%

Average Sales Price*

$58,625

$13,000

- 77.8%

$93,364

$79,512

- 14.8%

92.9%

69.1%

- 25.6%

86.0%

86.1%

+ 0.1%

List to Close

142

26

- 81.7%

167

130

- 22.0%

Days on Market Until Sale

120

26

- 78.4%

142

112

- 21.1%

Cumulative Days on Market Until Sale

142

26

- 81.7%

167

130

- 22.0%

Inventory of Homes for Sale

49

51

+ 4.1%

--

--

--

Months Supply of Inventory

17.3

13.3

- 23.1%

--

--

--

Percent of Original List Price Received*

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size. | Note: The Pending Sales methodology changed in July 2012. Pending sales counts are used to calculate Months Supply of Inventory, therefore, year-over-year comparisons for this metric may look extreme through June 2013.

2011

October

2012

2011

Year to Date

7 6

83

2012

96

4 2

- 14.3% New Listings

38

27

+ 15.7% New Listings

- 50.0% Closed Sales

+ 40.7% Closed Sales

Change in Median Sales Price from Prior Year (6-Month Average)**

Entire CMLS Area

b

Chester County, SC

a

+ 250% + 200% + 150% + 100% + 50% 0% - 50% - 100% 1-2008

7-2008

1-2009

7-2009

1-2010

7-2010

1-2011

7-2011

1-2012

7-2012

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

p Listing g Services,, Inc. Report p provided p byy the Charlotte Regional g REALTOR® Association. Powered byy 10K Research and Marketing. g Current as of November 5,, 2012. All data from Carolina Multiple


Local Market Update – October 2012 A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION FOR MORE INFORMATION CONTACT A REALTOR®

Chesterfield County, SC

+ 100.0%

0.0%

- 22.9%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

October

New Listings Closed Sales

Year to Date

2011

2012

+/–

2011

2012

+/–

2

4

+ 100.0%

52

52

0.0%

2

2

0.0%

17

25

+ 47.1%

Median Sales Price*

$81,000

$62,450

- 22.9%

$93,500

$72,500

- 22.5%

Average Sales Price*

$81,000

$62,450

- 22.9%

$89,341

$93,478

+ 4.6%

90.1%

89.7%

- 0.5%

86.4%

85.9%

- 0.6%

List to Close

72

290

+ 302.1%

162

160

- 1.6%

Days on Market Until Sale

72

113

+ 56.9%

152

139

- 9.0%

Cumulative Days on Market Until Sale

72

290

+ 302.1%

162

160

- 1.6%

Inventory of Homes for Sale

48

37

- 22.9%

--

--

--

Months Supply of Inventory

27.8

13.9

- 50.1%

--

--

--

Percent of Original List Price Received*

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size. | Note: The Pending Sales methodology changed in July 2012. Pending sales counts are used to calculate Months Supply of Inventory, therefore, year-over-year comparisons for this metric may look extreme through June 2013.

2011

October

2012

4

52

2

2

2011

Year to Date

2012

52

2

25 17

+ 100.0% New Listings

0.0% Closed Sales

0.0% New Listings

+ 47.1% Closed Sales

Change in Median Sales Price from Prior Year (6-Month Average)**

Entire CMLS Area

b

Chesterfield County, SC

a

+ 250% + 200% + 150% + 100% + 50% 0% - 50% - 100% 1-2008

7-2008

1-2009

7-2009

1-2010

7-2010

1-2011

7-2011

1-2012

7-2012

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

p Listing g Services,, Inc. Report p provided p byy the Charlotte Regional g REALTOR® Association. Powered byy 10K Research and Marketing. g Current as of November 5,, 2012. All data from Carolina Multiple


Local Market Update – October 2012 A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION FOR MORE INFORMATION CONTACT A REALTOR®

Fairfield County, SC

--

--

--

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

October

New Listings

Year to Date

2011

2012

+/–

2011

2012

+/–

0

2

--

8

5

- 37.5%

Closed Sales

0

0

--

1

2

+ 100.0%

Median Sales Price*

$0

$0

--

$174,000

$283,500

+ 62.9%

Average Sales Price*

$0

$0

--

$174,000

$283,500

+ 62.9%

0.0%

0.0%

--

79.9%

87.4%

+ 9.4%

List to Close

0

0

--

110

272

+ 146.8%

Days on Market Until Sale

0

0

--

110

272

+ 146.8%

Cumulative Days on Market Until Sale

0

0

--

110

272

+ 146.8%

Inventory of Homes for Sale

6

3

- 50.0%

--

--

--

Months Supply of Inventory

6.0

3.0

- 50.0%

--

--

--

Percent of Original List Price Received*

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size. | Note: The Pending Sales methodology changed in July 2012. Pending sales counts are used to calculate Months Supply of Inventory, therefore, year-over-year comparisons for this metric may look extreme through June 2013.

2011

October

2012

2011

Year to Date

2012

8

2

5

0

0

-New Listings

-Closed Sales

2

1

0 - 37.5% New Listings

+ 100.0% Closed Sales

Change in Median Sales Price from Prior Year (6-Month Average)**

Entire CMLS Area

b

Fairfield County, SC

a

+ 8% + 6% + 4% + 2% 0% - 2% - 4% - 6% - 8% - 10% 1-2008

7-2008

1-2009

7-2009

1-2010

7-2010

1-2011

7-2011

1-2012

7-2012

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

p Listing g Services,, Inc. Report p provided p byy the Charlotte Regional g REALTOR® Association. Powered byy 10K Research and Marketing. g Current as of November 5,, 2012. All data from Carolina Multiple


Local Market Update – October 2012 A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION FOR MORE INFORMATION CONTACT A REALTOR®

Kershaw County, SC

0.0%

--

--

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

October

New Listings

Year to Date

2011

2012

+/–

2011

2012

+/–

1

1

0.0%

5

4

- 20.0%

Closed Sales

0

0

--

0

3

--

Median Sales Price*

$0

$0

--

$0

$40,000

--

Average Sales Price*

$0

$0

--

$0

$96,167

--

0.0%

0.0%

--

0.0%

81.8%

--

List to Close

0

0

--

0

188

--

Days on Market Until Sale

0

0

--

0

188

--

Cumulative Days on Market Until Sale

0

0

--

0

188

--

Inventory of Homes for Sale

4

3

- 25.0%

--

--

--

Months Supply of Inventory

0.0

2.0

--

--

--

--

Percent of Original List Price Received*

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size. | Note: The Pending Sales methodology changed in July 2012. Pending sales counts are used to calculate Months Supply of Inventory, therefore, year-over-year comparisons for this metric may look extreme through June 2013.

2011

October 1

2012

2011

Year to Date

1

2012

5 4 3

0 0.0% New Listings

0

0

-Closed Sales

- 20.0% New Listings

-Closed Sales

Change in Median Sales Price from Prior Year (6-Month Average)**

Entire CMLS Area

b

Kershaw County, SC

a

+ 8% + 6% + 4% + 2% 0% - 2% - 4% - 6% - 8% - 10% 1-2008

7-2008

1-2009

7-2009

1-2010

7-2010

1-2011

7-2011

1-2012

7-2012

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

p Listing g Services,, Inc. Report p provided p byy the Charlotte Regional g REALTOR® Association. Powered byy 10K Research and Marketing. g Current as of November 5,, 2012. All data from Carolina Multiple


Local Market Update – October 2012 A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION FOR MORE INFORMATION CONTACT A REALTOR®

Lancaster County, SC

+ 1.2%

+ 24.1%

+ 14.5%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

October

New Listings Closed Sales

Year to Date

2011

2012

+/–

2011

2012

+/–

81

82

+ 1.2%

945

1,024

+ 8.4%

58

72

+ 24.1%

496

603

+ 21.6%

Median Sales Price*

$190,917

$218,675

+ 14.5%

$195,000

$211,000

+ 8.2%

Average Sales Price*

$214,505

$235,641

+ 9.9%

$215,297

$226,708

+ 5.3%

93.0%

94.3%

+ 1.3%

91.4%

94.2%

+ 3.0%

List to Close

157

119

- 23.9%

153

135

- 11.9%

Days on Market Until Sale

129

101

- 21.8%

127

112

- 11.9%

Cumulative Days on Market Until Sale

157

119

- 23.9%

153

135

- 11.9%

Inventory of Homes for Sale

448

340

- 24.1%

--

--

--

Months Supply of Inventory

8.8

5.3

- 39.7%

--

--

--

Percent of Original List Price Received*

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size. | Note: The Pending Sales methodology changed in July 2012. Pending sales counts are used to calculate Months Supply of Inventory, therefore, year-over-year comparisons for this metric may look extreme through June 2013.

2011

October 81

82

2012

2011

Year to Date

72

945

2012

1,024

58 603

496

+ 1.2% New Listings

+ 24.1% Closed Sales

+ 8.4% New Listings

+ 21.6% Closed Sales

Change in Median Sales Price from Prior Year (6-Month Average)**

Entire CMLS Area

b

Lancaster County, SC

a

+ 20% + 15% + 10% + 5% 0% - 5% - 10% - 15% 1-2008

7-2008

1-2009

7-2009

1-2010

7-2010

1-2011

7-2011

1-2012

7-2012

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

p Listing g Services,, Inc. Report p provided p byy the Charlotte Regional g REALTOR® Association. Powered byy 10K Research and Marketing. g Current as of November 5,, 2012. All data from Carolina Multiple


Local Market Update – October 2012 A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION FOR MORE INFORMATION CONTACT A REALTOR®

Union County, SC

--

--

--

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

October New Listings

Year to Date

2011

2012

+/–

2011

2012

+/–

0

0

--

1

1

0.0%

Closed Sales

0

0

--

0

0

--

Median Sales Price*

$0

$0

--

$0

$0

--

Average Sales Price*

$0

$0

--

$0

$0

--

0.0%

0.0%

--

0.0%

0.0%

--

List to Close

0

0

--

0

0

--

Days on Market Until Sale

0

0

--

0

0

--

Cumulative Days on Market Until Sale

0

0

--

0

0

--

Inventory of Homes for Sale

1

0

- 100.0%

--

--

--

Months Supply of Inventory

0.0

0.0

--

--

--

--

Percent of Original List Price Received*

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size. | Note: The Pending Sales methodology changed in July 2012. Pending sales counts are used to calculate Months Supply of Inventory, therefore, year-over-year comparisons for this metric may look extreme through June 2013.

2011

October

2012

1

0

0

0

-New Listings

2011

Year to Date 1

0

0

-Closed Sales

2012

0.0% New Listings

0

-Closed Sales

Change in Median Sales Price from Prior Year (6-Month Average)**

Entire CMLS Area

b

Union County, SC

a

+ 10% 0% - 10% - 20% - 30% - 40% - 50% - 60% - 70% 1-2008

7-2008

1-2009

7-2009

1-2010

7-2010

1-2011

7-2011

1-2012

7-2012

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

p Listing g Services,, Inc. Report p provided p byy the Charlotte Regional g REALTOR® Association. Powered byy 10K Research and Marketing. g Current as of November 5,, 2012. All data from Carolina Multiple


Local Market Update – October 2012 A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION FOR MORE INFORMATION CONTACT A REALTOR®

York County, SC

- 9.5%

+ 46.1%

- 12.5%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

October New Listings Closed Sales

Year to Date

2011

2012

+/–

2011

2012

+/–

325

294

- 9.5%

3,233

3,284

+ 1.6%

154

225

+ 46.1%

1,526

2,003

+ 31.3%

Median Sales Price*

$186,250

$163,000

- 12.5%

$180,000

$178,995

- 0.6%

Average Sales Price*

$210,183

$202,864

- 3.5%

$209,307

$209,004

- 0.1%

90.3%

93.1%

+ 3.1%

91.0%

93.5%

+ 2.7%

List to Close

168

149

- 11.6%

181

154

- 14.7%

Days on Market Until Sale

123

110

- 11.0%

130

110

- 15.6% - 19.9%

Percent of Original List Price Received*

Cumulative Days on Market Until Sale

160

123

- 23.3%

166

133

Inventory of Homes for Sale

1,570

1,223

- 22.1%

--

--

--

Months Supply of Inventory

10.3

6.1

- 41.0%

--

--

--

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size. | Note: The Pending Sales methodology changed in July 2012. Pending sales counts are used to calculate Months Supply of Inventory, therefore, year-over-year comparisons for this metric may look extreme through June 2013.

2011

October 325

2012

2011

Year to Date 3,233

294

3,284

225

2,003

154

- 9.5% New Listings

2012

1,526

+ 46.1% Closed Sales

+ 1.6% New Listings

+ 31.3% Closed Sales

Change in Median Sales Price from Prior Year (6-Month Average)**

Entire CMLS Area

b

York County, SC

a

+ 20% + 15% + 10% + 5% 0% - 5% - 10% - 15% 1-2008

7-2008

1-2009

7-2009

1-2010

7-2010

1-2011

7-2011

1-2012

7-2012

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

p Listing g Services,, Inc. Report p provided p byy the Charlotte Regional g REALTOR® Association. Powered byy 10K Research and Marketing. g Current as of November 5,, 2012. All data from Carolina Multiple


Local Market Update – October 2012 A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION FOR MORE INFORMATION CONTACT A REALTOR®

Charlotte-GastoniaRock Hill MSA

+ 3.3%

+ 40.9%

+ 5.9%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

October

New Listings Closed Sales

Year to Date

2011

2012

+/–

2011

2012

+/–

2,510

2,594

+ 3.3%

31,191

30,732

- 1.5%

1,452

2,046

+ 40.9%

15,243

18,208

+ 19.5%

Median Sales Price*

$151,000

$159,900

+ 5.9%

$155,000

$162,000

+ 4.5%

Average Sales Price*

$190,189

$206,858

+ 8.8%

$206,455

$212,527

+ 2.9%

90.4%

92.9%

+ 2.8%

89.7%

92.5%

+ 3.2%

List to Close

165

145

- 11.9%

162

148

- 8.6%

Days on Market Until Sale

119

104

- 13.0%

118

108

- 7.9% - 14.6%

Percent of Original List Price Received*

Cumulative Days on Market Until Sale

159

125

- 21.5%

159

136

Inventory of Homes for Sale

14,901

10,123

- 32.1%

--

--

--

Months Supply of Inventory

10.0

5.1

- 48.6%

--

--

--

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size. | Note: The Pending Sales methodology changed in July 2012. Pending sales counts are used to calculate Months Supply of Inventory, therefore, year-over-year comparisons for this metric may look extreme through June 2013.

2011

October 2,510

2012

2011

Year to Date 31,191

2,594

2012

30,732

2,046 1,452

+ 3.3% New Listings

15,243

+ 40.9% Closed Sales

- 1.5% New Listings

18,208

+ 19.5% Closed Sales

Change in Median Sales Price from Prior Year (6-Month Average)**

Entire CMLS Area

b

Charlotte-Gastonia-Rock Hill MSA

a

+ 8% + 6% + 4% + 2% 0% - 2% - 4% - 6% - 8% - 10% - 12% 1-2008

7-2008

1-2009

7-2009

1-2010

7-2010

1-2011

7-2011

1-2012

7-2012

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

p Listing g Services,, Inc. Report p provided p byy the Charlotte Regional g REALTOR® Association. Powered byy 10K Research and Marketing. g Current as of November 5,, 2012. All data from Carolina Multiple

CRHM2011 With Oct 2012 Report  

Charlotte Regional Real Estate Report with Oct 2012.

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