A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION For Week Ending January 2, 2016 Quick Facts Data current as of January 11, 2016 - 27.6% + 5.3% Metrics by Week 2 3 4 Metrics by Month 5 6 7 8 9 10 11 12 Percent of Original List Price Received Data is refreshed regularly to capture changes in market activity so figures shown may be different than previously reported. Current as of January 11, 2016. All data from CarolinaMLS. Report provided by the Charlotte Regional REALTOR® Association. Powered by ShowingTime 10K. | 1 Housing Affordability Index List to Close Days on Market Until Sale Median Sales Price Average Sales Price Optimism is in the air as we turn to face a new calendar year. As far as residential real estate goes, there is plenty to feel positive about. Buying and selling activity continued through the final months of 2015, and there's little reason to believe that trend will slow down during the first month of 2016. If anything, the past few years have indicated a tendency for listings and sales to increase in January. In the Charlotte region, for the week ending January 2: • New Listings decreased 27.6% to 396 • Pending Sales increased 5.3% to 440 • Inventory decreased 20.8% to 11,403 For the month of December: • Median Sales Price increased 2.8% to $190,000 • List to Close decreased 7.0% to 119 • Percent of Original List Price Received increased 1.4% to 95.1% • Months Supply of Inventory decreased 32.6% to 3.1 Months Supply of Inventory Cumulative Days on Market Until Sale Weekly Market Activity Report New Listings Pending Sales Inventory of Homes for Sale - 20.8% Change in New Listings Change in Pending Sales Change in Inventory FOR MORE INFORMATION CONTACT A REALTOR®
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A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR® ASSOCIATION
For Week Ending January 2, 2016 Quick Facts Data current as of January 11, 2016
- 27.6% + 5.3%
Metrics by Week234
Metrics by Month56789
101112
Percent of Original List Price Received
Data is refreshed regularly to capture changes in market activity so figures shown may be different than previously reported. Current as of January 11, 2016.All data from CarolinaMLS. Report provided by the Charlotte Regional REALTOR® Association. Powered by ShowingTime 10K. | 1
Housing Affordability Index
List to CloseDays on Market Until Sale
Median Sales PriceAverage Sales Price
Optimism is in the air as we turn to face a new calendar year. As far as residential real estate goes, there is plenty to feel positive about. Buying and selling activity continued through the final months of 2015, and there's little reason to believe that trend will slow down during the first month of 2016. If anything, the past few years have indicated a tendency for listings and sales to increase in January.
In the Charlotte region, for the week ending January 2:
• New Listings decreased 27.6% to 396 • Pending Sales increased 5.3% to 440 • Inventory decreased 20.8% to 11,403
For the month of December:
• Median Sales Price increased 2.8% to $190,000 • List to Close decreased 7.0% to 119 • Percent of Original List Price Received increased 1.4% to 95.1% • Months Supply of Inventory decreased 32.6% to 3.1
Months Supply of Inventory
Cumulative Days on Market Until Sale
Weekly Market Activity Report
New ListingsPending SalesInventory of Homes for Sale
- 20.8%
Change in New Listings
Change in Pending Sales
Change in Inventory
FOR MORE INFORMATION CONTACT A REALTOR®
New Listings A count of the properties that have been newly listed on the market in a given week.
For theWeek Ending
Current Activity
One YearAgo
+ / –
10/10/2015 898 955 - 6.0%
10/17/2015 942 869 + 8.4%
10/24/2015 823 903 - 8.9%
10/31/2015 840 884 - 5.0%
11/7/2015 818 898 - 8.9%
11/14/2015 786 869 - 9.6%
11/21/2015 791 796 - 0.6%
11/28/2015 496 501 - 1.0%
12/5/2015 709 787 - 9.9%
12/12/2015 671 718 - 6.5%
12/19/2015 557 645 - 13.6%
12/26/2015 343 319 + 7.5%
1/2/2016 396 547 - 27.6%
3-Month Total 9,070 9,691 - 6.4%
Data is refreshed regularly to capture changes in market activity so figures shown may be different than previously reported. Current as of January 11, 2016.All data from CarolinaMLS. Report provided by the Charlotte Regional REALTOR® Association. Powered by ShowingTime 10K. | 2
All data from CarolinaMLS. Report provided by the Charlotte Regional REALTOR® Association. Powered by ShowingTime 10K. | 3
A count of the properties on which contracts have been accepted in a given week. Pending contracts include “Under Contract-Show” and “Under Contract-No Show” statuses.
Note: CarolinaMLS did not include “showable” under contract listings in the “Pending Sales” stats before July 2012. Listing agents report listings as “Under Contract-Show” earlier in the transaction. As a result, the new “Pending Sales” stats trend higher and the new “Months Supply of Inventory” stats trend lower since July 2012. | Data is refreshed regularly to capture changes in market activity so figures shown may be different than previously reported. Current as of January 11, 2016.
Inventory of Homes for Sale The number of properties available for sale in active status at the end of a given week.
For theWeek Ending
Current Activity
One YearAgo
+ / –
10/10/2015 13,874 16,305 - 14.9%
10/17/2015 13,898 16,243 - 14.4%
10/24/2015 13,768 16,162 - 14.8%
10/31/2015 13,601 16,105 - 15.5%
11/7/2015 13,194 15,751 - 16.2%
11/14/2015 13,033 15,669 - 16.8%
11/21/2015 12,843 15,497 - 17.1%
11/28/2015 12,686 15,356 - 17.4%
12/5/2015 12,346 15,027 - 17.8%
12/12/2015 12,137 14,911 - 18.6%
12/19/2015 11,874 14,760 - 19.6%
12/26/2015 11,592 14,578 - 20.5%
1/2/2016 11,403 14,405 - 20.8%
3-Month Avg 12,788 15,444 - 17.2%
Data is refreshed regularly to capture changes in market activity so figures shown may be different than previously reported. Current as of January 11, 2016.All data from CarolinaMLS. Report provided by the Charlotte Regional REALTOR® Association. Powered by ShowingTime 10K. | 4
List to Close“List to Close” provides the total number of days specific to the MLS number from “Listing Date” to “Sold Date.”
December MonthCurrent Activity
One Year Previous
+ / –
January 131 136 - 3.7%
February 131 136 - 3.7%
March 129 129 0.0%
April 118 132 - 10.6%
May 116 120 - 3.3%
June 113 119 - 5.0%
July 107 119 - 10.1%
August 108 119 - 9.2%
September 112 124 - 9.7%
October 113 122 - 7.4%
November 115 124 - 7.3%
December 119 128 - 7.0%
12-Month Avg 65 84 - 22.6%
Data is refreshed regularly to capture changes in market activity so figures shown may be different than previously reported. Current as of January 11, 2016.All data from CarolinaMLS. Report provided by the Charlotte Regional REALTOR® Association. Powered by ShowingTime 10K. | 5
Data is refreshed regularly to capture changes in market activity so figures shown may be different than previously reported. Current as of January 11, 2016.All data from CarolinaMLS. Report provided by the Charlotte Regional REALTOR® Association. Powered by ShowingTime 10K. | 6
December
Days on Market (“DOM”) tracks the days on market for a property specific to the MLS number. “DOM” accrues for “Active” and “Under Contract-Show” statuses. “DOM” does not include any days that the listing is in “Under Contract-No Show,” “Temporarily off Market,” “Closed/Sold,” “Expired” and “Withdrawn” statuses.
Data is refreshed regularly to capture changes in market activity so figures shown may be different than previously reported. Current as of January 11, 2016.All data from CarolinaMLS. Report provided by the Charlotte Regional REALTOR® Association. Powered by ShowingTime 10K. | 7
Cumulative Days on Market (“CDOM”) functions like “DOM”; however, “CDOM” tracks the days on market for a property over multiple listings on the property. When a new listing is entered, the “CDOM” only resets to zero if the previous listing closed (as in sold), or if the previous listing has been off market (expired or withdrawn) for more than 90 days.
Median Sales Price Median price point for all closed sales, not accounting for seller concessions, in a given month.
December MonthCurrent Activity
One Year Previous
+ / –
January $166,500 $165,000 + 0.9%
February $178,000 $165,000 + 7.9%
March $191,000 $175,000 + 9.1%
April $190,000 $176,775 + 7.5%
May $200,000 $187,000 + 7.0%
June $208,163 $197,000 + 5.7%
July $200,000 $191,750 + 4.3%
August $199,000 $185,000 + 7.6%
September $189,000 $180,000 + 5.0%
October $185,000 $178,100 + 3.9%
November $195,000 $180,000 + 8.3%
December $190,000 $184,900 + 2.8%
12-Month Avg $192,500 $180,000 + 6.9%
Data is refreshed regularly to capture changes in market activity so figures shown may be different than previously reported. Current as of January 11, 2016.All data from CarolinaMLS. Report provided by the Charlotte Regional REALTOR® Association. Powered by ShowingTime 10K. | 8
Average Sales Price Average sales price for all closed sales, not accounting for seller concessions, in a given month.
December MonthCurrent Activity
One Year Previous
+ / –
January $214,166 $214,806 - 0.3%
February $221,690 $208,380 + 6.4%
March $240,711 $217,275 + 10.8%
April $237,241 $224,519 + 5.7%
May $249,583 $235,936 + 5.8%
June $259,117 $258,515 + 0.2%
July $252,901 $242,068 + 4.5%
August $246,217 $240,061 + 2.6%
September $239,273 $226,990 + 5.4%
October $238,311 $227,689 + 4.7%
November $239,258 $227,444 + 5.2%
December $239,107 $233,242 + 2.5%
12-Month Avg $242,003 $230,830 + 4.8%
Data is refreshed regularly to capture changes in market activity so figures shown may be different than previously reported. Current as of January 11, 2016.All data from CarolinaMLS. Report provided by the Charlotte Regional REALTOR® Association. Powered by ShowingTime 10K. | 9
Data is refreshed regularly to capture changes in market activity so figures shown may be different than previously reported. Current as of January 11, 2016.All data from CarolinaMLS. Report provided by the Charlotte Regional REALTOR® Association. Powered by ShowingTime 10K. | 10
Percentage found when dividing a property’s sales price by its original list price, then taking the average for all properties sold in a given month, not accounting for seller concessions.
Historical Percent of Original List Price Received
93.2% 93.8% 95.1%
2013 2014 2015
+ 1.4%+ 0.6%
Housing Affordability Index
December MonthCurrent Activity
One Year Previous
+ / –
January 187 175 + 6.8%
February 175 177 - 1.4%
March 161 168 - 4.0%
April 163 165 - 0.9%
May 156 160 - 2.9%
June 147 152 - 3.4%
July 151 156 - 3.4%
August 152 162 - 6.1%
September 162 165 - 1.8%
October 166 170 - 2.5%
November 156 168 - 7.1%
December 146 165 - 11.4%
12-Month Avg 160 165 - 3.1%
Data is refreshed regularly to capture changes in market activity so figures shown may be different than previously reported. Current as of January 11, 2016.All data from CarolinaMLS. Report provided by the Charlotte Regional REALTOR® Association. Powered by ShowingTime 10K. | 11
This index measures housing affordability for the region. An index of 120 means the median household income was 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.
Months Supply of Inventory The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.
December MonthCurrent Activity
One Year Previous
+ / –
January 4.4 5.3 - 17.0%
February 4.3 5.4 - 20.4%
March 4.4 5.6 - 21.4%
April 4.4 5.9 - 25.4%
May 4.4 6.1 - 27.9%
June 4.3 6.0 - 28.3%
July 4.3 5.9 - 27.1%
August 4.2 5.7 - 26.3%
September 4.1 5.5 - 25.5%
October 3.9 5.3 - 26.4%
November 3.6 5.0 - 28.0%
December 3.1 4.5 - 32.6%
12-Month Avg 4.1 5.6 - 26.8%
All data from CarolinaMLS. Report provided by the Charlotte Regional REALTOR® Association. Powered by ShowingTime 10K. | 12
Note: CarolinaMLS did not include “showable” under contract listings in the “Pending Sales” stats before July 2012. Listing agents report listings as “Under Contract-Show” earlier in the transaction. As a result, the new “Pending Sales” stats trend higher and the new “Months Supply of Inventory” stats trend lower since July 2012. | Data is refreshed regularly to capture changes in market activity so figures shown may be different than previously reported. Current as of January 11, 2016.