Info about the Charlotte NC real estate market stats using info from our local Multiple Listing Association.
4
ON MOve Market Activity and Trends for Charlotte & Surrounding Counties F E B R U A R Y 2 0 1 2 There were 1541 total closings in Jan. 2012, up 9.2% compared to Jan. 2011. 60% of all home sales in Jan. 2012 were in the $200,000 and under category. The average closing price for the Charlotte metro area in Jan. 2012 was $190, $187,785, down 0.1% from Jan. 2011. In Jan. 2012, new listings decreased by 6.2%, pending sales increased by 27.6%, total active listings decreased by 32.4%. Residential Closings - Entire MLS Jan. 2011 - Jan. 2012 the Change in Closed Sales Change in New Listings Average Sales Price Total Active Listings Months Supply of Homes for Sale Average Days on Market Pending Sales ASP = Average Sold Price Data Courtesy Carolina MLS. +9.2% +27.6% -6.2% -0.1% -32.4% 132 8.8 Current Active Listings by Price Range Total Active Listings = 22,647 January 2012 Sales by Price Range Total Sold Jan. 2012 = 1541 Data Courtesy Carolina MLS. Mary Schurr 704-591-5703 [email protected]Mary Schurr 704-591-5703 [email protected]www.maryschurr.com
Transcript
ON MOve Market Activity and Trends for Charlotte & Surrounding Counties
F E B R U A R Y 2 0 1 2
There were 1541 total closings in Jan. 2012, up 9.2% compared to
Jan. 2011. 60% of all home sales in Jan. 2012 were in the $200,000
and under category. The average closing price for the Charlotte
metro area in Jan. 2012 was $190, $187,785, down 0.1% from Jan.
2011. In Jan. 2012, new listings decreased by 6.2%, pending sales
increased by 27.6%, total active listings decreased by 32.4%.
Page 4 On the Move - Helen Adams Realty Volume 5, I ssue 1
January 2012 Home Sales Overview 2011 Brought Important Improvements Data and article excerpts from CMLS &10K Research Marketing.
New Listings in the Charlotte region de-creased 6.2 percent to 3,813. Pending Sales were up 27.6 percent to 1,777. Inventory levels shrank 23.6 percent to 17,305 units.
Home prices began the year on an up note. The Median Sales Price increased 2.4 per-cent to $146,550. List to Close remained flat at 155 days. Absorption rates improved as Months Supply of Inventory was down 27.6 percent to 8.8 months.
The media sometimes obsesses over the negatives, but last year brought several important improvements in key metrics that should not be brushed aside, such as an improved inventory picture. Foreclo-sures also dominate news stories, and for good reason. People should occupy homes, not banks. Which means qualified buyers need reliable access to mortgage capital, and distressed properties may need further attention in 2012 to expedite transfer of ownership and tax-base recapture.
U.S. economic data has been encouraging. The unemployment rate flirted with a 3-year low and an initial reading on the fourth quarter of 2011 GDP was in-line with expectations. Mortgage rates posted yet another fresh new record low. The missing puzzle piece is still jobs. Improvements in the labor market will spur housing demand through new household formations, im-prove family financials and galvanize con-sumer confidence.
![Recent Books from Singapore - Feb 2016[1] - Mary Martin East Asia/Singapore... · Mary Martin Booksellers Pte Ltd Singapore – Feb 2016 1 Recent Books from Singapore – Feb 2016](https://static.documents.pub/doc/80x56/5d5ef54188c993335e8bdcce/recent-books-from-singapore-feb-20161-mary-east-asiasingapore-mary.jpg)
