Time for the monthly bunch of numbers from our local Carolina Multiple Listing Service which includes Mecklenburg and surrounding counties. These numbers can give you an idea of the time it takes to sell a house and how the prices are trending. There is still a bit of a mixed bag, but overall, things do seem to be looking up a bit. To see what’s been happening nationwide, HERE is a link to a fairly positive RIS Media article on nationwide sales in the fourth quarter. We keep an eye on this because of the impact on people who live elsewhere who want to move to the Lake Norman area (and there are still lots of them). Their ability to move is tied to their ability to sell their houses where they are now.
January 149.1
Of reported home sales that closed from January 6 through February 5, 2010, 47 percent closed in 121 days or more; 16.2 percent closed between 91 and 120 days; 17.9 percent closed between 61 and 90 days; and 18.9 percent closed in 60 days or fewer
January 10 compared to January 09: List to Close 3.1 days in January 10 over January 09
January 10 compared to December 09: List to Close 5.3 days in January 10 over December 09
January 121.1
Of reported home sales that closed from January 6 through February 5, 2010, 37 percent were under contract in 121 days or more; 13 percent were under contract between 91 and 120 days; 13 percent closed between 61 and 90 days; and 37 percent were under contract in 60 days or fewer
- Average list price of solds
January 10 – $229,214
January 10 compared to January 09 – avg list price in January 10 increased by 9.3 percent from January of 09
January 10 compared to December 09 – avg list price in January 10 decreased by 4.1 percent over December 09
January 10 – $200,592
January 10 compared to January 09– avg sales price in January 10 increased 6.1 percent from January 09
January 10 compared to December 09 – avg sales price in January 10 decreased 5.2 percent over
December of 09
- Residential contracts reported
January 10 – 1,833
January 10 compared to January 09 – January 10 contracts reported decreased . 4 percent over January 09
January 10 compared to December 09 – January 10 contracts reported increased 25 percent over December 09
- Residential closings reported
January 10 – 1,363
January 10 compared to January 09 – January 10 closings reported increased 8.3 percent over January 09
January 10 compared to December 09 – January 10 closings reported decreased 10.7 percent from December 09
You can get more local sales data from the www.carolinahome.com website under the Community Data tab. Let me know if you’d like me to run some stats for your specific neighborhood.
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