Page 4
On the Move - Helen Adams Realty
ONthe MOve
Volume 4, Issue 7
June 2011 Home Sales Overview Local Data Offers More Reliable Forecast Than National Headlines Where is our market is heading? Some accounts are optimistic while others, well, aren't. The good news is that local data offers a more reliable tone than national sound bites can offer. When it comes to hearing our market's true message, let's listen. New Listings in the Charlotte region decreased 19.2 percent to 4,067. Pending Sales were up 18.0 percent to 2,358.
Inventory levels shrank 19.3 percent to 22,362 units, but even choosy buyers can find top-notch homes. This price needle wouldn't budge this time. The Median Sales Price declined 3.7 percent to $156,750. List to Close increased 6.4 percent to 152 days. Consumers were absorbing homes more quickly as Months Supply of Inventory was down 7.4 percent to 12.5 months. Afforda-
Market Activity and Trends for Charlotte & Surrounding Counties
JULY 2011
Data and article excerpts from CMLS & 10K
bility also improved. On the national front, the interest rate dropped to 4.79 percent on a 30-year fixed conventional and 4.44 percent for FHA. The unemployment rate has been stable around 9.0 percent and initial unemployment claims have continued to fall. Wages and payroll jobs are also improving slowly.
www.helenadamsrealty.com
Residential Closings - Entire MLS
June 2010 - June 2011 ASP = Average Sold Price Data Courtesy Carolina MLS.
-8.1%
+18%
Change in Closed Sales
Pending Sales
-19.2% +3.9% -19.3% Change in New Listings
Average Sales Price
152
Total Active Listings
Average Days on Market
12.5 Months Supply of Homes for Sale
There were 2332 total closings in June 2011, down 8.1% compared to June 2010. 63% of all home sales in June 2011 were in the $200,000 and under category. The average closing price for the
Charlotte metro area in June 2011 was $216,399, up 3.9% from June 2010. In June 2011, new listings decreased by 19.2%, pending sales increased by 18%, and active listings decreased by 19.3%.
Current Active Listings by Price Range
June 2011 Sales by Price Range
2% 1%
1% 1% 4% Under $100,000
3% 4% 19%
$100,001 - $150K
10%
17%
$200,001 - $300K
17%
$450,001 - $600K
$800,001 - $1M Over $1 Million
Total Active Listings = 22,362
$300,001 - $450K $450,001 - $600K
$600,001 - $800K
20%
$150,001 - $200K
28%
$300,001 - $450K
18%
$100,001 - $150K
11%
$150,001 - $200K $200,001 - $300K
Under $100,000
3%
19%
16%
$600,001 - $800K $800,001 - $1M Over $1 Million
Total Sold June, 2011 = 2332 Data Courtesy Carolina MLS.
www.helenadamsrealty.com
Page 2
On the Move - Helen Adams Realty
Closed Units by Area May 2011 - All MLS Areas
Residential Single Family, Townhomes & Condos MLS Area
Units
1 Year
Average
Closed Change Sales Price Charlotte - Gastonia - Rock Hill
1843
-11.0%
$223,969
All of Mecklenburg County
1110
-11.4%
$235,816
01 - Mecklenburg County (N)
201
-12.6%
$ 178,867
02 - Mecklenburg County (E)
126
-24.1%
$ 108,024
03 - Mecklenburg County (SE)
80
-2.4%
$ 150,393
04 - Mecklenburg County (SSE)
103
+7.3
$ 310,488
05 - Mecklenburg County (S)
226
-7.0%
$ 405,461
06 - Mecklenburg County (SSW)
73
-24.7%
$ 240,954
07 - Mecklenburg County (SW)
86
+8.9
$ 127,456
08 - Mecklenburg County (W)
52
-16.1%
$ 82,025
09 - Mecklenburg County (NW)
82
-29.9%
$161,804
10 - Union County
247
-3.5%
$ 268,453
11 - Cabarrus County
155
-6.3%
$ 189,333
12 - Iredell County
169
+17.4
$ 233,847
13 - Lake Norman
118
-10.6%
$ 432,539
14 - Lincoln County
55
-24.7%
$ 161,459
15 - Lake Wylie
39
0%
$295,510
16 - Gaston County
139
-22.8%
$ 133,232
17 - York County, SC
175
-10.7%
$ 198,721
42 - Mtn. Island Lake
26
+38.5
$225,732
99 - Uptown Charlotte
16
-20%
$238,888
2332
-8.1%
$216,399
TOTAL (for All CMLS Area)
Volume 4, Issue 7
On the Move - Helen Adams Realty
May Home Sales Snapshot +7.5% Price Range with Strongest Sales: Under $100,000
-4.9% # Bedrooms Strongest Sales: 4+ bedrooms
Volume 4, Issue 7
Page 3
Pending Contracts
Average Residential Closing Price
New Listings
30 Year Fixed Mortgage Rates
-9.6% Property Type Strongest Sales: Single Family
Source: Freddie Mac, NAR, June, 2011 Data Courtesy Carolina MLS.
Data Courtesy Carolina MLS & 10K Research and Marketing.
www.helenadamsrealty.com
Page 2
On the Move - Helen Adams Realty
Closed Units by Area May 2011 - All MLS Areas
Residential Single Family, Townhomes & Condos MLS Area
Units
1 Year
Average
Closed Change Sales Price Charlotte - Gastonia - Rock Hill
1843
-11.0%
$223,969
All of Mecklenburg County
1110
-11.4%
$235,816
01 - Mecklenburg County (N)
201
-12.6%
$ 178,867
02 - Mecklenburg County (E)
126
-24.1%
$ 108,024
03 - Mecklenburg County (SE)
80
-2.4%
$ 150,393
04 - Mecklenburg County (SSE)
103
+7.3
$ 310,488
05 - Mecklenburg County (S)
226
-7.0%
$ 405,461
06 - Mecklenburg County (SSW)
73
-24.7%
$ 240,954
07 - Mecklenburg County (SW)
86
+8.9
$ 127,456
08 - Mecklenburg County (W)
52
-16.1%
$ 82,025
09 - Mecklenburg County (NW)
82
-29.9%
$161,804
10 - Union County
247
-3.5%
$ 268,453
11 - Cabarrus County
155
-6.3%
$ 189,333
12 - Iredell County
169
+17.4
$ 233,847
13 - Lake Norman
118
-10.6%
$ 432,539
14 - Lincoln County
55
-24.7%
$ 161,459
15 - Lake Wylie
39
0%
$295,510
16 - Gaston County
139
-22.8%
$ 133,232
17 - York County, SC
175
-10.7%
$ 198,721
42 - Mtn. Island Lake
26
+38.5
$225,732
99 - Uptown Charlotte
16
-20%
$238,888
2332
-8.1%
$216,399
TOTAL (for All CMLS Area)
Volume 4, Issue 7
On the Move - Helen Adams Realty
May Home Sales Snapshot +7.5% Price Range with Strongest Sales: Under $100,000
-4.9% # Bedrooms Strongest Sales: 4+ bedrooms
Volume 4, Issue 7
Page 3
Pending Contracts
Average Residential Closing Price
New Listings
30 Year Fixed Mortgage Rates
-9.6% Property Type Strongest Sales: Single Family
Source: Freddie Mac, NAR, June, 2011 Data Courtesy Carolina MLS.
Data Courtesy Carolina MLS & 10K Research and Marketing.
www.helenadamsrealty.com
Page 4
On the Move - Helen Adams Realty
ONthe MOve
Volume 4, Issue 7
June 2011 Home Sales Overview Local Data Offers More Reliable Forecast Than National Headlines Where is our market is heading? Some accounts are optimistic while others, well, aren't. The good news is that local data offers a more reliable tone than national sound bites can offer. When it comes to hearing our market's true message, let's listen. New Listings in the Charlotte region decreased 19.2 percent to 4,067. Pending Sales were up 18.0 percent to 2,358.
Inventory levels shrank 19.3 percent to 22,362 units, but even choosy buyers can find top-notch homes. This price needle wouldn't budge this time. The Median Sales Price declined 3.7 percent to $156,750. List to Close increased 6.4 percent to 152 days. Consumers were absorbing homes more quickly as Months Supply of Inventory was down 7.4 percent to 12.5 months. Afforda-
Market Activity and Trends for Charlotte & Surrounding Counties
JULY 2011
Data and article excerpts from CMLS & 10K
bility also improved. On the national front, the interest rate dropped to 4.79 percent on a 30-year fixed conventional and 4.44 percent for FHA. The unemployment rate has been stable around 9.0 percent and initial unemployment claims have continued to fall. Wages and payroll jobs are also improving slowly.
www.helenadamsrealty.com
Residential Closings - Entire MLS
June 2010 - June 2011 ASP = Average Sold Price Data Courtesy Carolina MLS.
-8.1%
+18%
Change in Closed Sales
Pending Sales
-19.2% +3.9% -19.3% Change in New Listings
Average Sales Price
152
Total Active Listings
Average Days on Market
12.5 Months Supply of Homes for Sale
There were 2332 total closings in June 2011, down 8.1% compared to June 2010. 63% of all home sales in June 2011 were in the $200,000 and under category. The average closing price for the
Charlotte metro area in June 2011 was $216,399, up 3.9% from June 2010. In June 2011, new listings decreased by 19.2%, pending sales increased by 18%, and active listings decreased by 19.3%.
Current Active Listings by Price Range
June 2011 Sales by Price Range
2% 1%
1% 1% 4% Under $100,000
3% 4% 19%
$100,001 - $150K
10%
17%
$200,001 - $300K
17%
$450,001 - $600K
$800,001 - $1M Over $1 Million
Total Active Listings = 22,362
$300,001 - $450K $450,001 - $600K
$600,001 - $800K
20%
$150,001 - $200K
28%
$300,001 - $450K
18%
$100,001 - $150K
11%
$150,001 - $200K $200,001 - $300K
Under $100,000
3%
19%
16%
$600,001 - $800K $800,001 - $1M Over $1 Million
Total Sold June, 2011 = 2332 Data Courtesy Carolina MLS.
www.helenadamsrealty.com