residential

SALES TRENDs
Realtor® Reflections revised the explanation for Days On
Market (DOM) and added a new chart and explanation
for List to Close in 2009. Reflections also added a new
feature to the Sales Trends pages, “County Spotlight,”
which tracks average sales price and closing data for each
of the counties in the Carolina Multiple Listing Services,
Inc. (CMLS) 10-county service area. Prior to October
2009, Reflections included a total Active Listings figure,
which included “Contingent,” “Conditional,” “Active”
and “Pending” listings. Starting with November 2009,
the On-Market Listing figure includes “Contingent,”
“Conditional” and “Active” listings only. Reflections always
seeks reader comments and ideas. Please contact
Natalia Russo at natalia.russo@carolinahome.com if you
would like different data charted in this section.
List to close
Of reported home sales that closed from
Feb. 6, 2010 through March 5, 2010, 46
percent closed in 121 days or more; 16
percent closed between 91 and 120 days;
17 percent closed between 61 and 90
days; and 21 percent closed in 60 days or
fewer. Percentages are rounded to reflect
100 percent. Average list to close: 153.6
Residential contracts reported
1,000 1,500 2,000 2,500 3,000
D 1,285
J 1,841
F 1,712
M 2,028
A 2,269
M 2,350
J 2,167
J 2,341
A 2,434
S 2,199
O 2,400
N 1,645 2008
D 1,466
2009
J 1,833
2010
F 1,954
Contracts reported from Feb. 6, 2010 through March 5, 2010 increased 14 percent
over the same period a year ago.

Residential closings reported

55
1,000 1,500 2,000 2,500 3,000

D 1,350
237
J 1,258
F 1,348
639 M 1,671
A 1,773
238
M 1,912
J 2,024
228 J 2,223
A 2,221
S 1,945
0-30 91-120
O 2,210
31-60 121+ N 2,000
61-90 2008
D 1,527
J 1,363 2009
The average listing price of solds was F 1,397 2010
$216,605. The average sales price was
Closings reported from Feb.
Dec. 6,
6, 2010
2008 through
through March
Jan. 5,5, 2010
2010 increased47.2
decreased 3.6 percent
$191,288.
when compared to the same period a year ago.

B realtor® reflections february 2010 statistics

 Additional market activity data is available for FEBRUARY 2010
members at www.Carolinarealtors.com.

Average residential closing price Mortgage rates

$175K $200K $225K

D $200,226 5.50
J $189,048

5.42
F $182,865
M $191,433 5.25

5.25
A $201,352
M $199,243

5.14
5.14
J $218,728

5.04
5.00

5.07

5.05
5.03
J

4.91
$212,977

4.98
A $209,245

4.85
S $196,760
4.75

4.78

4.78
O $196,204
N $195,244
2008
D $211,705
2009 4.50
J $200,592 F M A M J J A S O N D J F
F $191,288 2010
2009 2010
The average closing price from Feb. 6, 2010 through March 5, 2010
increased 4.6 percent when compared to the same period a year ago. Source: Freddie Mac, Primary Mortgage Market Survey, 30-Year Fixed Mortgage Rate, compilation of Weekly Surveys

CMLS listings by price range

CLOSED On Market

100 200 300 400 500 600 700 800 1,000 2,000 3,000 4,000 5,000 6,000

< $120K 556 < $120K 5,317

$120K-150K 204 $120K-150K 3,037

$150K-190K 187 $150K-190K 3,356

$190K-250K 166 $190K-250K 3,548

$250K-350K 130 $250K-350K 3,341

$350K-500K 85 $350K-500K 2,514

$500K-1M 56 $500K-1M 2,187

$1 Million + 13 $1 Million + 743

TOTAL CLOSED: 1,397 TOTAL ON MARKET: 24,043

february 2010 statistics realtor® reflections C

 Additional market activity data is available for
members at www.Carolinarealtors.com.

Days on market

Of reported home sales that closed from Feb. 6, 2010 through March 5, 2010, 33 percent came under contract in 121 days
or more; 12 percent came under contract between 91 and 120 days; 15 percent came under contract between 61 and 90
days; and 40 percent came under contract in 60 days or fewer. Percentages are rounded to reflect 100 percent.
Average days on market: 117.3

320
0-30

31-60
463
61-90 Data on these pages comes from Carolina Multiple
Listing Services, Inc. The information may be
91-120 232 subject to errors and should be verified by the
user. Additional market activity data is available
121+
for members at www.Carolinarealtors.com.
This information/data is for counties in the CMLS
170 212 service area, but the CMLS information/Data also
includes listings outside the service area, which
CE-RR-HalfPg4C.pdf 5/7/09 2:30:15 PM are included in the compilations.

GREATER KNOWLEDGE
C
EDUCATION
CONTINUING
YOUR

CM

MY

CY

CMY

D realtor® reflections february 2010 statistics