real estate market in this region based on Carolina Multiple Listing
Services, Inc. (CMLS) data.
The number of closings for August 2010 (1,704) decreased 23.3 percent
compared to closings in August 2009 when closings totaled 2,221.
Compared to July 2010, closings were down 13.4 percent. The average
sales price for August 2010 ($225,156) was up 7.6 percent over the
August 2009 average sales price ($209,245), and was up 3.6 percent
over July 2010 average sales price of $217,320. The average listing
price of homes sold in August 2010 ($254,239) was up 2.6 percent over
last month's average listing price of $247,660, and was up 8.4 percent
compared to the August 2009 average listing price of $234,504.
The residential pending contracts figure reported in August 2010
(1,743) was down 28.4 percent compared to August 2009 (2,434), and was
down 3.3 percent over last month (July 2010) when pending contracts
totaled 1,802.
New residential listings in July 2010 totaled 4,485. The average
number of days a property was on the market from the time it was
listed until it closed (list to close) was 151.4, which is about 8.5
days longer than last month. The average number of days a property
was on the market (days on market), excluding the days the property
was off the market or pending, was 117.7 days, or 12 days longer than
last month.
In July 2010, CMLS underwent a system conversion. CMLS staff has done
everything possible to ensure the accuracy of the August 2010
statistics; however, as with any new system, we may discover very
slight anomalies that will require adjustments and corrections over
time.
For more residential-housing market statistics, visit the
association's website at www.CarolinaHome.com and click on "Community
Data." For an interview with Association/CMLS President Lyn Kessie,
please contact Kim Walker.
The Charlotte Regional Realtor® Association is a trade association
that leads, educates and equips members to be productive. It provides
more than 7,400 Realtor® members with the resources and services
needed to conduct ethical, professional, successful and profitable
businesses. The association is dedicated to being the region's primary
resource for residential real estate information. The association
operates the Carolina Multiple Listing Services, Inc. (CMLS), which
has approximately 8,100 Subscribers and is the private cooperative
Realtors® use for access to tens of thousands of residential listings
in a 10-county service area, including the high-growth Charlotte area,
as well as listings outside this service area.
