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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 (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

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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