residential

SALES TRENDs
Residential contracts reported
1,000 1,500 2,000 2,500 3,000

S 2,199
List to close O 2,400
N 1,645

Of reported home sales that closed from D 1,466

Nov. 6, 2010 through Dec. 5, 2010,
51.5 percent closed in 121 days or
more; 17.2 percent closed between
J 1,833
F 1,954
M 2,498
A 2,988

91 and 120 days; 15.6 percent closed M 2,059

between 61 and 90 days; and 15.7 J 1,880

J 1,802
percent closed in 60 days or fewer.
A 1,743
Percentages are rounded to reflect 100
S 1,658
percent. Average list to close: 154.8 2009
O 1,617
N 1,448 2010

Contracts reported from Nov. 6, 2010 through Dec. 5, 2010 decreased 12 percent over
the same period a year ago.
36

198
Residential closings reported

766 1,000 1,500 2,000 2,500 3,000

S 1,945
O 2,210
232
N 2,000
D 1,527
255 J 1,363
F 1,397
M 1,900
0-30 91-120 A 2,220
31-60 121+ M 2,537

61-90 J 2,324
J 1,968
A 1,704
2009
Listing and Sales Prices (Nov. 6, 2010 S 1,658
2010
through Dec. 5, 2010) The average listing O 1,695
price of solds was $247,369. The average N 1,487
sales price was $215,239. Closings reported from Nov.
Dec. 6, 2010
2008 through Dec. 5, 2010
Jan. 5, 2010 decreased
decreased 47.2
25.7 percent
percent
when compared to the same period a year ago.

38 realtor® reflections January/February 2011

 Additional market activity data is available for November 2010
members at www.Carolinarealtors.com.

Average residential closing price Mortgage rates

$175K $200K $225K

S $196,760 5.25
O $196,204
N $195,244

5.14
D $211,705

5.06
5.00

5.05
J $200,592

4.98

4.99
F $191,288
M $197,564 2009
4.75

4.78

4.78
4.74
A $201,410 2010
M $212,454
J $215,559
4.50

4.50
J $217,320

4.35

4.30
A $225,156

4.43

4.23
S $203,799
4.25
O $202,840 N D J F M A M J J A S O N
N $215,239
2009 2010
The average closing price from Nov. 6, 2010 through Dec. 5, 2010
increased 10.2 percent when compared to the same period a year ago. Source: Freddie Mac, Primary Mortgage Market Survey, 30-Year Fixed Mortgage Rate, compilation of Weekly Surveys

CMLS listings by price range

CLOSED On Market
100 200 300 400 500 600 700 800 1,000 2,000 3,000 4,000 5,000 6,000

< $120K 509 < $120K 6,093

$120K-150K 188 $120K-150K 2,993

$150K-190K 198 $150K-190K 3,104

$190K-250K 191 $190K-250K 3,119

$250K-350K 183 $250K-350K 2,879

122 $350K-500K 2,075

$350K-500K

$500K-1M 78 $500K-1M 1,748

$1 Million + 18 $1 Million + 581

TOTAL CLOSED: 1,487 TOTAL ON MARKET: 22,592

January/February 2011 realtor® reflections 39

 Additional market activity data is available for
members at www.Carolinarealtors.com.

Days on market

Of reported home sales that closed from Nov. 6, 2010 through Dec. 5, 2010, 38 percent came under contract in 121 days or
more; 13 percent came under contract between 91 and 120 days; 15 percent came under contract between 61 and 90 days;
and 34 percent came under contract in 60 days or fewer. Percentages are rounded to reflect 100 percent.
Average days on market: 121.3

261
0-30

31-60
562
61-90 Data on these pages comes from Carolina Multiple
Listing Services, Inc. The information may be
91-120
246 subject to errors and should be verified by the
user. Additional market activity data is available
121+
for members at www.Carolinarealtors.com.
194 This information/data is for counties in the CMLS
service area, but the CMLS information/Data also
224
includes listings outside the service area, which
CE-RR-HalfPg4C.pdf 5/7/09 2:30:15 PM are included in the compilations.

GREATER KNOWLEDGE
C
EDUCATION
CONTINUING
YOUR

CM

MY

CY

CMY

40 realtor® reflections January/February 2011

 2009-2010 countY Overview

S potl i ght
CMLS average sales prices by county

In the Carolina Multiple Listing Services, Inc. (CMLS) 10-county service area, the average sales price of a
single-family/condo-townhome in third-quarter 2010 was $208,116. Third-quarter 2010 prices increased 2.7
percent when compared to the same period a year ago. The following table shows prices for the 10-county
service area and includes a look at pricing in both Lancaster and York counties, which are not a part of the
10-county service area.

Note: Data included in tables uses status-change dates of the 6th through the 5th. York and Lancaster counties, S.C., are not a
part of the official CMLS service area.

3Q2010
%changefrom
Area 2009 3Q2009 4Q2009 1Q2010 2Q2010 3Q2010 3Q2009
CMLS $197,914 $202,668 $195,416 $191,759 $204,945 $208,116 2.7%
Alexander $136,333 $125,983 $121,817 $124,878 $131,721 $123,852 Ͳ1.7%
Anson $78,577 $68,609 $83,919 $93,365 $79,429 $75,029 9.4%
Cabarrus $178,355 $178,057 $169,777 $182,822 $175,944 $167,976 Ͳ5.7%
Gaston $122,721 $131,876 $120,533 $118,162 $123,379 $126,220 Ͳ4.3%
Iredell $224,720 $215,536 $233,157 $210,459 $246,505 $236,132 9.6%
Lincoln $186,555 $206,431 $185,649 $202,722 $208,601 $186,939 Ͳ9.4%
Mecklenburg $210,086 $214,881 $209,020 $207,362 $222,197 $235,598 9.6%
Montgomery $140,137 $98,626 $178,411 $112,123 $100,389 $181,250 83.8%
Stanly $125,344 $108,624 $149,127 $127,575 $128,400 $127,980 17.8%
Union $254,705 $259,522 $240,866 $236,360 $255,375 $247,286 Ͳ4.7%
CityofCharlotte $197,730 $203,747 $198,197 $198,054 $208,278 $222,433 9.2%
*York $203,537 $209,222 $190,724 $204,354 $200,549 $210,666 0.7%
*Lancaster $222,041 $212,116 $211,627 $208,345 $223,974 $235,387 11.0%

January/February 2011 realtor® reflections 41