residential

SALES TRENDs
Realtor® Reflections revised the explanation for Days On
Market (DOM) and added a new chart and explanation
for List to Close in 2009. Reflections also added a new
feature to the Sales Trends pages, “County Spotlight,”
which tracks average sales price and closing data for each
of the counties in the Carolina Multiple Listing Services,
Inc. (CMLS) 10-county service area. Prior to October
2009, Reflections included a total Active Listings figure,
which included “Contingent,” “Conditional,” “Active”
and “Pending” listings. Starting with November 2009,
the On-Market Listing figure includes “Contingent,”
“Conditional” and “Active” listings only. Reflections always
seeks reader comments and ideas. Please contact
Natalia Russo at natalia.russo@carolinahome.com if you
would like different data charted in this section.
List to close
Of reported home sales that closed from June
6, 2010 through July 5, 2010, 42.9 percent
closed in 121 days or more; 17.7 percent
closed between 91 and 120 days; 19.9
percent closed between 61 and 90 days;
and 19.5 percent closed in 60 days or fewer.
Percentages are rounded to reflect 100
percent. Average list to close: 144.2
Residential contracts reported
1,000 1,500 2,000 2,500 3,000
A 2,269
M 2,350
J 2,167
J 2,341
A 2,434
S 2,199
O 2,400
N 1,645
D 1,466
J 1,833 2009
F 1,954 2010
M 2,498
2,988
A
M 2,059
J 1,880
Contracts reported from June 6, 2010 through July 5, 2010 decreased 13.2 percent
over the same period a year ago.

Residential closings reported

97
1,000 1,500 2,000 2,500 3,000

A 1,773
357
M 1,912
J 2,024
996 J 2,223
A 2,221
462
S 1,945
O 2,210
412 N 2,000
D 1,527
J 1,363
0-30 91-120
F 1,397
31-60 121+ M 1,900
2009
61-90 A 2,220
2010
M 2,537
Listing and Sales Prices (June 6, 2010
through July 5, 2010) The average listing J 2,324
price of solds was $241,039 The average Closings reported from June 2010 through Jan.
Dec. 6, 2008 July 5, 2010 increased
decreased 14.8
47.2 percent
percent
sales price was $215,559. when compared to the same period a year ago.

B realtor® reflections JUne 2010 statistics

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

Average residential closing price Mortgage rates

$175K $200K $225K

A $201,352 5.50
M $199,243

5.42
J $218,728
J $212,977 5.25

5.25
A $209,245
S $196,760

5.14
5.14
O $196,204

5.04

5.06
5.00

5.05
5.03
N $195,244

4.98

4.99
D $211,705
J $200,592
4.75

4.78

4.78
4.74
F $191,288
M $197,564
A $201,410
2009 4.50
M $212,454
J J A S O N D J F M A M J
J $215,559 2010
2009 2010
The average closing price from June 6, 2010 through July 5, 2010
decreased 1.4 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 740 < $120K 5,911

$120K-150K 324 $120K-150K 3,170

$150K-190K 339 $150K-190K 3,564

$190K-250K 308 $190K-250K 3,926

$250K-350K 276 $250K-350K 3,595

$350K-500K 193 $350K-500K 2,655

$500K-1M 125 $500K-1M 2,289

$1 Million + 19 $1 Million + 771

TOTAL CLOSED: 2,324 TOTAL ON MARKET: 25,881

June 2010 statistics realtor® reflections C

 additional market aCtivity data is availaBle for
memBers at www.Carolinarealtors.Com.

Days on market

of reported home sales that closed from June 6, 2010 through July 5, 2010, 33 percent came under contract in 121 days or
more; 11 percent came under contract between 91 and 120 days; 16 percent came under contract between 61 and 90 days;
and 40 percent came under contract in 60 days or fewer. Percentages are rounded to reflect 100 percent.
Average days on market: 114.5

551
0-30

31-60
765
61-90 data on tHese PaGes Comes from Carolina mUltiPle
listinG serviCes, inC. tHe information may Be
91-120 368 sUBJeCt to errors and sHoUld Be verified By tHe
User. additional market aCtivity data is availaBle
121+
for memBers at www.Carolinarealtors.Com.
tHis information/data is for CoUnties in tHe Cmls
264 376 serviCe area, BUt tHe Cmls information/data also
inClUdes listinGs oUtside tHe serviCe area, wHiCH
are inClUded in tHe ComPilations.

2010 Realtor ®
of the Year

Now accepting nominations for local association award

You might know someone who deserves one of the charlotte regional realtor® association’s most
prestigious awards. We are now accepting nominations for the realtor® of the Year award.
the realtor® of the Year award is a highly acclaimed and coveted honor that has been presented to deserving members for
51 years. each year, the Harlan cup is presented to the winner at the annual charlotte-area Holiday & awards luncheon.
if you know a member who meets the criteria necessary for consideration (see below), please contact Michele Di Donato at
704-940-3150 or michele.didonato@carolinahome.com for a nomination form. the form is also at www.carolinarealtors.com.

criteria
• a realtor® member in good standing who has made outstanding contributions to the community beyond his or her
activities in the real estate profession. activities must include civic, church, state and/or political endeavors.
• the individual must be a member of the charlotte regional realtor® association.

Nominations for the 2010 recipient must be submitted by 5 p.m. on Oct. 1.

Let us know about our shining-star Realtors® and submit your nomination today!

d realtor® reflections JUne 2010 statistics