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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 (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

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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