residential
SALES TRENDs
In July 2010, the Carolina Multiple Listing Services,
Inc. (CMLS) underwent a system conversion. CMLS staff
has done everything possible to ensure the accuracy of
statistics; however, as with any new system, we may
discover very slight anomalies that will require adjust-
ments and corrections over time.
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
Sept. 6, 2010 through Oct. 5, 2010, 48
percent closed in 121 days or more; 15
percent closed between 91 and 120 days;
19 percent closed between 61 and 90 days;
and 18 percent closed in 60 days or fewer.
Percentages are rounded to reflect 100
percent. Average list to close: 146.9
52
250
790
316
250
0-30 91-120
31-60 121+
61-90
Listing and Sales Prices (Sept. 6, 2010
through Oct. 5, 2010) The average listing
price of solds was $231,678. The average
sales price was $203,799.
34 realtor® reflections NOVEMBER/DECEMBER 2010
Residential contracts reported
1,000 1,500 2,000 2,500 3,000
J 2,341
A 2,434
S 2,199
O 2,400
N 1,645
D 1,466
J 1,833
F 1,954
M 2,498
A 2,988
M 2,059
J 1,880
J 1,802
2009
A 1,743
S 1,658 2010
Contracts reported from Sept. 6, 2010 through Oct. 5, 2010 decreased 24.6 percent
over the same period a year ago.
Residential closings reported
1,000 1,500 2,000 2,500 3,000
J 2,223
A 2,221
S 1,945
O 2,210
N 2,000
D 1,527
J 1,363
F 1,397
M 1,900
A 2,220
M 2,537
J 2,324
2009
J 1,968
2010
A 1,704
S 1,658
Closings reported from Sept. 6, 2008
Dec. 6, 2010 through
through Jan.
Oct. 5,
5, 2010
2010 decreased
decreased 47.2
14.8 percent
percent
when compared to the same period a year ago.
 Additional market activity data is available for September 2010
members at www.Carolinarealtors.com.

Average residential closing price Mortgage rates

$175K $200K $225K

J $212,977 5.25
A $209,245
S $196,760

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

4.50
M $212,454

4.35
2010
J $215,559

4.43
J $217,320
4.25
A $225,156
S O N D J F M A M J J A S
S $203,799
2009 2010
The average closing price from Sept. 6, 2010 through Oct. 5, 2010
increased 3.6 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 586 < $120K 6,161

$120K-150K 205 $120K-150K 3,187

$150K-190K 227 $150K-190K 3,293

$190K-250K 207 $190K-250K 3,498

$250K-350K 202 $250K-350K 3,195

$350K-500K 141 $350K-500K 2,386

$500K-1M 78 $500K-1M 1,944

$1 Million + 12 $1 Million + 638

TOTAL CLOSED: 1,658 TOTAL ON MARKET: 24,302

NOVEMBER/DECEMBER 2010 realtor® reflections 35

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

Days on market

Of reported home sales that closed from Sept. 6, 2010 through Oct. 5, 2010, 35 percent came under contract in 121 days or
more; 12 percent came under contract between 91 and 120 days; 17 percent came under contract between 61 and 90 days;
and 36 percent came under contract in 60 days or fewer. Percentages are rounded to reflect 100 percent.
Average days on market: 112.2

292
0-30
579
31-60

61-90 Data on these pages comes from Carolina Multiple

Listing Services, Inc. The information may be
91-120 subject to errors and should be verified by the

121+ 308 user. Additional market activity data is available

for members at www.Carolinarealtors.com.
200
This information/data is for counties in the CMLS
service area, but the CMLS information/Data also
279 includes listings outside the service area, which
are included in the compilations.

Happy holidays
and best wishes for a prosperous
new year!

36 realtor® reflections NOVEMBER/DECEMBER 2010

 R esi d ential Ov er v ie w

S p o tl i g ht
CMLS service area residential closings 2003-Sept. 2010

5,000

4,500

4,000

3,500

3,000

2,500

2,000

1,500

1,000

2003 2004 2005 2006 2007 2008 2009 YTD 2010

CMLS service area residential average closing prices 2003-Sept. 2010

$250,000

$240,000

$230,000

$220,000

$210,000

$200,000

$190,000

$180,000

$170,000

2003 2004 2005 2006 2007 2008 2009 YTD 2010

NOVEMBER/DECEMBER 2010 realtor® reflections 37

 R esi d ential Ov er v ie w

S p o tl i g ht
CMLS and Mecklenburg County residential closings 2003-Sept. 2010

3,000

2,500

2,000

1,500

1,000

500

0
Oct-08

Jan-09

Mar-09

Jun-09

Oct-09

Jan-10

Mar-10

Jun-10
May-09

May-10
Apr-09

Aug-09

Apr-10

Aug-10
Sep-08

Jul-10

Sep-10
Nov-08

Feb-09

Jul-09

Sep-09

Nov-09

Feb-10
Dec-08

Dec-09
CMLS Mecklenburg County Closings

CMLS and Mecklenburg County residential average sale prices 2003-Sept. 2010

$270,000

$250,000

$230,000

$210,000

$190,000

$170,000

$150,000
January-09

May-09
February-09
March-09
April-09

January-10
July-09

May-10
June-09

August-09

February-10
March-10
April-10

July-10
June-10

August-10
October-08

October-09
September-08

November-08

September-09

November-09

September-10
December-08

December-09

CMLS Avg. Sales Price Mecklenburg County Avg. Sales Price

38 realtor® reflections NOVEMBER/DECEMBER 2010