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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®

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

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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