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
March 6, 2010 through April 5, 2010, 46.1
percent closed in 121 days or more; 12.2
percent closed between 91 and 120 days;
18.2 percent closed between 61 and 90
days; and 23.5 percent closed in 60 days
or fewer. Percentages are rounded to reflect
100 percent. Average list to close: 144.9
Residential contracts reported
1,000 1,500 2,000 2,500 3,000
J 1,841
F 1,712
M 2,028
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
Contracts reported from March 6, 2010 through April 5, 2010 increased 23.2 percent
over the same period a year ago.

Residential closings reported

98
1,000 1,500 2,000 2,500 3,000

J 1,258
348
F 1,348
M 1,671
877 A 1,773
M 1,912
345
J 2,024
J 2,223
232 A 2,221
S 1,945
O 2,210
0-30 91-120
N 2,000
31-60 121+ D 1,527
61-90 J 1,363
F 1,397 2009
Listing and Sales Prices (March 6, 2010
through April 5, 2010). The average listing M 1,900 2010
price of solds was $223,319. The average Closings reported from March
Dec. 6,6,2008
2010through
throughJan.
April
5, 5, 2010
2010 increased47.2
decreased 13.7percent
percent
sales price was $197,564. when compared to the same period a year ago.

46 REALTOR® REFLECTIONS MAY/JUNE 2010

Realtor® Reflections, May/June 2010, Charlotte Regional Realtor® Association
 ADDITIONAL MARKET ACTIVITY DATA IS AVAILABLE FOR MARCH 2010
MEMBERS AT WWW.CAROLINAREALTORS.COM.

Average residential closing price Mortgage rates

$175K $200K $225K

J $189,048 5.50
F $182,865

5.42
M $191,433
A $201,352 5.25

5.25
M $199,243
J $218,728

5.14
5.14
J $212,977

5.04
5.00

5.05
5.03
4.91

4.98
A

4.99
$209,245
S $196,760

4.85
O $196,204

4.78

4.78
4.75
N $195,244
D $211,705
J $200,592
2009 4.50
F $191,288 M A M J J A S O N D J F M
M $197,564 2010
2009 2010
The average closing price from March 6, 2010 through April 5, 2010
increased 3.2 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 675 < $120K 5,553

$120K-150K 290 $120K-150K 3,192

$150K-190K 277 $150K-190K 3,604

$190K-250K 256 $190K-250K 3,825

$250K-350K 184 $250K-350K 3,578

$350K-500K 113 $350K-500K 2,717

$500K-1M 89 $500K-1M 2,294

$1 Million + 16 $1 Million + 773

TOTAL CLOSED: 1,900 TOTAL ON MARKET: 25,536

MAY/JUNE 2010 REALTOR® REFLECTIONS 47

Realtor® Reflections, May/June 2010, Charlotte Regional Realtor® Association
 ADDITIONAL MARKET ACTIVITY DATA IS AVAILABLE FOR
MEMBERS AT WWW.CAROLINAREALTORS.COM.

Days on market

Of reported home sales that closed from March 6, 2010 through April 5, 2010, 35.1 percent came under contract in 121
days or more; 10.6 percent came under contract between 91 and 120 days; 13.7 percent came under contract between 61
and 90 days; and 40.6 percent came under contract in 60 days or fewer. Percentages are rounded to reflect 100 percent.
Average days on market: 118

413
0-30

31-60
666
61-90 DATA ON THESE PAGES COMES FROM CAROLINA MULTIPLE
LISTING SERVICES, INC. THE INFORMATION MAY BE
91-120 359 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
201 261 SERVICE AREA, BUT THE CMLS INFORMATION/DATA ALSO
INCLUDES LISTINGS OUTSIDE THE SERVICE AREA, WHICH
ARE INCLUDED IN THE COMPILATIONS.

48 REALTOR® REFLECTIONS MAY/JUNE 2010

Realtor® Reflections, May/June 2010, Charlotte Regional Realtor® Association
 COUNTY OVERVIEW

SPOTLIGHT
First-quarter closings 2009-2010

2,500
First-quarter 2009 closings

First-quarter 2010 contracts

2,000

1,500

1,000

500

100

Alexander Anson Cabarrus Gaston Iredell Lincoln Mecklenburg Montgomery Stanly Union

First-quarter average sales price 2009-2010

$300,000
First-quarter 2009 avg. sales price

First-quarter 2010 avg. sales price

$250,000

$200,000

$150,000

$100,000

$50,000

Alexander Anson Cabarrus Gaston Iredell Lincoln Mecklenburg Montgomery Stanly Union

MAY/JUNE 2010 REALTOR® REFLECTIONS 49

Realtor® Reflections, May/June 2010, Charlotte Regional Realtor® Association