real estate market in this region based on Carolina Multiple Listing
Services, Inc. (CMLS) data. The number of closings for October 2010
(1,695) decreased 23.3 percent compared to October 2009 when closings
totaled 2,210. Compared to September 2010, closings increased 2.2
percent. The average sales price for October 2010 ($202,840) is up
3.4 percent over October 2009 ($196,204), but was down slightly, 0.5
percent, over the September 2010 average sales price ($203,799). The
average listing price of homes sold in October 2010 ($231,491) was up
6.2 percent compared to October 2009 ($218,050), and was nearly
unchanged, down 0.1 percent, over last month's average listing price
of $231,678.
The residential pending contracts figure for October 2010 (1,617) was
down 32.6 percent compared to October 2009 (2,400), and was down 2.5
percent over last month (September 2010) when pending contracts
totaled 1,658.
New residential listings in October 2010 totaled 3,875. The average
number of days a property was on the market from the time it was
listed until it closed (list to close) was 148, which is about a day
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 112.5 days, which is nearly unchanged from
last month.
In July 2010, CMLS underwent a system conversion. CMLS staff has done
everything possible to ensure the accuracy of the October 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 7,300 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 7,900 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.
