closings for January 2011 (1,414) was up 3.7 percent compared to
January 2010 when closings totaled 1,363. Compared to December 2010
(1,885), closings were down 25 percent.
The average sales price for January 2011 ($188,147) was down 6.2
percent compared to January 2010 ($200,592), and was down 3 percent
compared to the December 2010 average sales price ($193,910). The
average listing price in January 2011 ($217,809) was down 5 percent
from last year's average listing price of $229,214, and was down 1.1
percent from the December 2010 average listing price of $220,130.
The residential pending contracts figure for January 2011 (1,419) was
down 22.6 percent compared to January 2010 (1,833). This figure
decreased 4.1 percent compared to December 2010, when pending
contracts totaled 1,479.
New residential listings in January 2011 totaled 4,006. The average
number of days a property was on the market from the time it was
listed until it closed (list to close) was 159.7, which is 8.3 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 116.7 days, which is about 2.3 days longer
than last month.
In January 2011, CMLS changed its reporting structure to report data
from the first day of the month to the last day of the month. Prior
to this, data was reported from the fifth of the month to the sixth of
the next month. CMLS has done everything possible to ensure the
accuracy of its statistics; however, 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 2011 association/CMLS President Laurie
Knudsen, 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 6,500 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 7,300 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.
