Charlotte Market Updates Feb 2017 .pdf

Local Market Update for February 2017
A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION
FOR MORE INFORMATION, CONTACT A REALTOR®

Entire CarolinaMLS Area
February

Year to Date

Key Metrics

2016

2017

Percent Change

Thru 2-2016

Thru 2-2017

Percent Change

New Listings

4,097

4,702

+ 14.8%

7,857

8,656

+ 10.2%

Pending Sales

3,571

4,229

+ 18.4%

6,591

7,628

+ 15.7%

Closed Sales

2,557

2,570

+ 0.5%

4,726

5,152

+ 9.0%

Median Sales Price*

$180,525

$199,000

+ 10.2%

$180,000

$200,000

+ 11.1%

Average Sales Price*

$229,856

$243,383

+ 5.9%

$229,969

$250,846

+ 9.1%

95.0%

96.3%

+ 1.4%

94.8%

96.1%

+ 1.4%

List to Close

126

112

- 11.1%

124

113

- 8.9%

Days on Market Until Sale

71

57

- 19.7%

69

56

- 18.8%

Cumulative Days on Market Until Sale

84

67

- 20.2%

81

65

- 19.8%

Inventory of Homes for Sale

11,210

8,807

- 21.4%

--

--

--

Months Supply of Inventory

3.2

2.3

- 28.1%

--

--

--

Percent of Original List Price Received*

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

February

Year to Date
4,702

4,097

2,570

2,557

8,656

7,857

+ 0.5%

+ 14.8%

2017

5,152

4,726

+ 9.0%

+ 10.2%

Closed Sales

New Listings

2016

New Listings

Closed Sales

Median Sales Price
Rolling 12-Month Calculation
Entire CarolinaMLS Area —
$220,000
$210,000
$200,000
$190,000
$180,000
$170,000
$160,000
$150,000
1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

Current as of March 5, 2017. All data from CarolinaMLS. Report provided by the Charlotte Regional Realtor® Association. Report © 2017 ShowingTime. Percent changes are calculated using rounded figures.

Local Market Update for February 2017
A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION
FOR MORE INFORMATION, CONTACT A REALTOR®

Alexander County
North Carolina

February

Year to Date

Key Metrics

2016

2017

Percent Change

Thru 2-2016

Thru 2-2017

Percent Change

New Listings

17

19

+ 11.8%

34

26

- 23.5%

Pending Sales

9

14

+ 55.6%

20

26

+ 30.0%

Closed Sales

6

9

+ 50.0%

10

19

+ 90.0%

Median Sales Price*

$152,950

$175,000

+ 14.4%

$153,000

$142,500

- 6.9%

Average Sales Price*

$185,400

$177,278

- 4.4%

$160,650

$161,203

+ 0.3%

92.2%

93.4%

+ 1.3%

91.4%

93.3%

+ 2.1%

List to Close

213

106

- 50.2%

170

136

- 20.0%

Days on Market Until Sale

176

51

- 71.0%

119

76

- 36.1%

Cumulative Days on Market Until Sale

176

58

- 67.0%

119

80

- 32.8%

Percent of Original List Price Received*

Inventory of Homes for Sale

71

59

- 16.9%

--

--

--

Months Supply of Inventory

6.9

4.6

- 33.3%

--

--

--

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

February

Year to Date
19

17

9

2016

34
26

6

10

+ 50.0%

+ 11.8%

New Listings

2017

19

+ 90.0%

- 23.5%

New Listings

Closed Sales

Median Sales Price

Closed Sales

Entire CarolinaMLS Area —

Rolling 12-Month Calculation

Alexander County —
$220,000
$200,000
$180,000
$160,000
$140,000
$120,000
$100,000
$80,000
1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

Current as of March 5, 2017. All data from CarolinaMLS. Report provided by the Charlotte Regional Realtor® Association. Report © 2017 ShowingTime. Percent changes are calculated using rounded figures.

Local Market Update for February 2017
A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION
FOR MORE INFORMATION, CONTACT A REALTOR®

Anson County
North Carolina

February

Year to Date

Key Metrics

2016

2017

Percent Change

Thru 2-2016

Thru 2-2017

Percent Change

New Listings

13

22

+ 69.2%

28

33

+ 17.9%

Pending Sales

11

10

- 9.1%

17

21

+ 23.5%

Closed Sales

8

8

0.0%

16

18

+ 12.5%

Median Sales Price*

$68,375

$60,750

- 11.2%

$62,500

$62,750

+ 0.4%

Average Sales Price*

$66,091

$56,001

- 15.3%

$65,108

$81,642

+ 25.4%

91.6%

87.3%

- 4.7%

84.3%

89.6%

+ 6.3%

List to Close

137

334

+ 143.8%

152

263

+ 73.0%

Days on Market Until Sale

76

351

+ 361.8%

99

251

+ 153.5%

Cumulative Days on Market Until Sale

76

328

+ 331.6%

110

244

+ 121.8%

Inventory of Homes for Sale

132

106

- 19.7%

--

--

--

Months Supply of Inventory

13.5

9.9

- 26.7%

--

--

--

Percent of Original List Price Received*

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

February

Year to Date
22

8

8

2016

33

18

16

28

2017

13

0.0%

+ 69.2%

New Listings

+ 12.5%

+ 17.9%

New Listings

Closed Sales

Median Sales Price

Closed Sales

Entire CarolinaMLS Area —

Rolling 12-Month Calculation

Anson County —
$250,000

$200,000

$150,000

$100,000

$50,000

$0
1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

Current as of March 5, 2017. All data from CarolinaMLS. Report provided by the Charlotte Regional Realtor® Association. Report © 2017 ShowingTime. Percent changes are calculated using rounded figures.

Local Market Update for February 2017
A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION
FOR MORE INFORMATION, CONTACT A REALTOR®

Cabarrus County
North Carolina

February

Year to Date

Key Metrics

2016

2017

Percent Change

Thru 2-2016

Thru 2-2017

Percent Change

New Listings

281

354

+ 26.0%

543

626

+ 15.3%

Pending Sales

282

304

+ 7.8%

503

547

+ 8.7%

Closed Sales

189

175

- 7.4%

365

379

+ 3.8%

Median Sales Price*

$175,000

$195,000

+ 11.4%

$175,000

$185,500

+ 6.0%

Average Sales Price*

$203,571

$214,184

+ 5.2%

$201,521

$208,412

+ 3.4%

95.4%

95.7%

+ 0.3%

95.0%

95.7%

+ 0.7%

List to Close

118

109

- 7.6%

121

103

- 14.9%

Days on Market Until Sale

70

56

- 20.0%

71

50

- 29.6%

Cumulative Days on Market Until Sale

83

62

- 25.3%

82

60

- 26.8%

Inventory of Homes for Sale

710

543

- 23.5%

--

--

--

Months Supply of Inventory

2.6

1.9

- 26.9%

--

--

--

Percent of Original List Price Received*

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

February

Year to Date
189

354

175

281

365

626

2017

379

543

- 7.4%

+ 26.0%

New Listings

2016

+ 3.8%

+ 15.3%

New Listings

Closed Sales

Median Sales Price

Closed Sales

Entire CarolinaMLS Area —

Rolling 12-Month Calculation

Cabarrus County —
$220,000

$200,000

$180,000

$160,000

$140,000
1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

Current as of March 5, 2017. All data from CarolinaMLS. Report provided by the Charlotte Regional Realtor® Association. Report © 2017 ShowingTime. Percent changes are calculated using rounded figures.

Local Market Update for February 2017
A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION
FOR MORE INFORMATION, CONTACT A REALTOR®

Gaston County
North Carolina

February

Year to Date

Key Metrics

2016

2017

Percent Change

Thru 2-2016

Thru 2-2017

Percent Change

New Listings

270

267

- 1.1%

536

529

- 1.3%

Pending Sales

278

285

+ 2.5%

488

503

+ 3.1%

Closed Sales

189

180

- 4.8%

358

378

+ 5.6%

Median Sales Price*

$137,500

$157,090

+ 14.2%

$140,350

$153,000

+ 9.0%

Average Sales Price*

$161,951

$157,677

- 2.6%

$161,384

$162,775

+ 0.9%

93.9%

96.2%

+ 2.4%

93.2%

96.2%

+ 3.2%

List to Close

136

112

- 17.6%

136

118

- 13.2%

Days on Market Until Sale

81

57

- 29.6%

80

57

- 28.8%

Cumulative Days on Market Until Sale

102

75

- 26.5%

98

68

- 30.6%

Inventory of Homes for Sale

926

604

- 34.8%

--

--

--

Months Supply of Inventory

3.8

2.3

- 39.5%

--

--

--

Percent of Original List Price Received*

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

February

Year to Date

270

189

267

180

536

- 4.8%

- 1.1%

New Listings

2016

358

529

+ 5.6%

- 1.3%

New Listings

Closed Sales

Median Sales Price

2017

378

Closed Sales

Entire CarolinaMLS Area —

Rolling 12-Month Calculation

Gaston County —
$220,000

$200,000

$180,000

$160,000

$140,000

$120,000

$100,000
1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

Current as of March 5, 2017. All data from CarolinaMLS. Report provided by the Charlotte Regional Realtor® Association. Report © 2017 ShowingTime. Percent changes are calculated using rounded figures.

Local Market Update for February 2017
A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION
FOR MORE INFORMATION, CONTACT A REALTOR®

Iredell County
North Carolina

February

Year to Date

Key Metrics

2016

2017

Percent Change

Thru 2-2016

Thru 2-2017

Percent Change

New Listings

264

341

+ 29.2%

511

600

+ 17.4%

Pending Sales

201

271

+ 34.8%

418

462

+ 10.5%

Closed Sales

197

147

- 25.4%

338

309

- 8.6%

Median Sales Price*

$194,400

$214,250

+ 10.2%

$190,000

$218,000

+ 14.7%

Average Sales Price*

$262,698

$258,673

- 1.5%

$257,544

$287,646

+ 11.7%

93.2%

94.9%

+ 1.8%

93.1%

94.5%

+ 1.5%

List to Close

141

135

- 4.3%

140

131

- 6.4%

Days on Market Until Sale

88

76

- 13.6%

87

74

- 14.9%

Cumulative Days on Market Until Sale

103

79

- 23.3%

100

83

- 17.0%

Inventory of Homes for Sale

1,056

905

- 14.3%

--

--

--

Months Supply of Inventory

4.6

3.5

- 23.9%

--

--

--

Percent of Original List Price Received*

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

February

Year to Date
341

600

197

264

2016

338

2017

309

511
147

- 25.4%

+ 29.2%

New Listings

- 8.6%

+ 17.4%

New Listings

Closed Sales

Median Sales Price

Closed Sales

Entire CarolinaMLS Area —

Rolling 12-Month Calculation

Iredell County —
$240,000

$220,000

$200,000

$180,000

$160,000

$140,000
1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

Current as of March 5, 2017. All data from CarolinaMLS. Report provided by the Charlotte Regional Realtor® Association. Report © 2017 ShowingTime. Percent changes are calculated using rounded figures.

Local Market Update for February 2017
A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION
FOR MORE INFORMATION, CONTACT A REALTOR®

Lincoln County
North Carolina

February

Year to Date

Key Metrics

2016

2017

Percent Change

Thru 2-2016

Thru 2-2017

Percent Change

New Listings

121

166

+ 37.2%

221

315

+ 42.5%

Pending Sales

92

144

+ 56.5%

145

256

+ 76.6%

Closed Sales

49

68

+ 38.8%

104

161

+ 54.8%

Median Sales Price*

$218,000

$265,000

+ 21.6%

$187,500

$293,315

+ 56.4%

Average Sales Price*

$251,337

$274,503

+ 9.2%

$242,307

$300,499

+ 24.0%

94.9%

96.7%

+ 1.9%

94.0%

96.3%

+ 2.4%

List to Close

210

113

- 46.2%

170

111

- 34.7%

Days on Market Until Sale

151

69

- 54.3%

114

62

- 45.6%

Cumulative Days on Market Until Sale

156

84

- 46.2%

124

72

- 41.9%

Inventory of Homes for Sale

428

370

- 13.6%

--

--

--

Months Supply of Inventory

4.9

3.2

- 34.7%

--

--

--

Percent of Original List Price Received*

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

February

Year to Date
166

2016

121

221

49

+ 38.8%

+ 37.2%

New Listings

161

315

68

104

+ 54.8%

+ 42.5%

New Listings

Closed Sales

2017

Median Sales Price

Closed Sales

Entire CarolinaMLS Area —

Rolling 12-Month Calculation

Lincoln County —
$260,000
$240,000
$220,000
$200,000
$180,000
$160,000
$140,000
$120,000
1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

Current as of March 5, 2017. All data from CarolinaMLS. Report provided by the Charlotte Regional Realtor® Association. Report © 2017 ShowingTime. Percent changes are calculated using rounded figures.

Local Market Update for February 2017
A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION
FOR MORE INFORMATION, CONTACT A REALTOR®

Mecklenburg County
North Carolina

February

Year to Date

Key Metrics

2016

2017

Percent Change

Thru 2-2016

Thru 2-2017

Percent Change

New Listings

1,708

2,050

+ 20.0%

3,317

3,716

+ 12.0%

Pending Sales

1,588

1,878

+ 18.3%

2,913

3,411

+ 17.1%

Closed Sales

1,179

1,137

- 3.6%

2,135

2,297

+ 7.6%

Median Sales Price*

$189,000

$212,000

+ 12.2%

$190,000

$215,000

+ 13.2%

Average Sales Price*

$242,377

$263,600

+ 8.8%

$248,409

$272,943

+ 9.9%

95.9%

97.4%

+ 1.6%

96.0%

97.2%

+ 1.3%

List to Close

115

99

- 13.9%

114

101

- 11.4%

Days on Market Until Sale

56

43

- 23.2%

55

43

- 21.8%

Cumulative Days on Market Until Sale

67

52

- 22.4%

66

51

- 22.7%

Inventory of Homes for Sale

3,336

2,486

- 25.5%

--

--

--

Months Supply of Inventory

2.1

1.5

- 28.6%

--

--

--

Percent of Original List Price Received*

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

February

Year to Date
1,179

2,050

1,137

2016

3,716

3,317

2017

2,297

2,135

1,708

- 3.6%

+ 20.0%

New Listings

+ 7.6%

+ 12.0%

New Listings

Closed Sales

Median Sales Price

Closed Sales

Entire CarolinaMLS Area —

Rolling 12-Month Calculation

Mecklenburg County —
$240,000

$220,000

$200,000

$180,000

$160,000

$140,000
1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

Current as of March 5, 2017. All data from CarolinaMLS. Report provided by the Charlotte Regional Realtor® Association. Report © 2017 ShowingTime. Percent changes are calculated using rounded figures.

Local Market Update for February 2017
A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION
FOR MORE INFORMATION, CONTACT A REALTOR®

Montgomery County
North Carolina

February

Year to Date

Key Metrics

2016

2017

Percent Change

Thru 2-2016

Thru 2-2017

Percent Change

New Listings

28

19

- 32.1%

46

43

- 6.5%

Pending Sales

7

11

+ 57.1%

15

19

+ 26.7%

Closed Sales

9

11

+ 22.2%

12

24

+ 100.0%

Median Sales Price*

$101,000

$192,500

+ 90.6%

$135,000

$153,400

+ 13.6%

Average Sales Price*

$151,083

$251,077

+ 66.2%

$164,979

$222,110

+ 34.6%

87.2%

86.2%

- 1.1%

86.5%

88.7%

+ 2.5%

List to Close

168

238

+ 41.7%

161

236

+ 46.6%

Days on Market Until Sale

124

205

+ 65.3%

114

192

+ 68.4%

Cumulative Days on Market Until Sale

164

265

+ 61.6%

147

225

+ 53.1%

Percent of Original List Price Received*

Inventory of Homes for Sale

247

211

- 14.6%

--

--

--

Months Supply of Inventory

15.6

13.5

- 13.5%

--

--

--

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

February

Year to Date

28

11

2016

46

43

9

19

2017

24
12

+ 22.2%

- 32.1%

New Listings

+ 100.0%

- 6.5%

New Listings

Closed Sales

Median Sales Price

Closed Sales

Entire CarolinaMLS Area —

Rolling 12-Month Calculation

Montgomery County —
$250,000

$200,000

$150,000

$100,000

$50,000

$0
1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

Current as of March 5, 2017. All data from CarolinaMLS. Report provided by the Charlotte Regional Realtor® Association. Report © 2017 ShowingTime. Percent changes are calculated using rounded figures.