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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

CRHM2011 With Oct 2012 Report  

Charlotte Regional Real Estate Report with Oct 2012.

CRHM2011 With Oct 2012 Report  

Charlotte Regional Real Estate Report with Oct 2012.

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