January 2010 Market Data

Single Family Home Sales

Mecklenburg County Market Statistics - Source: Carolina Multiple Listing Service.

	January 2010	December 2009	1 Mo Change	January 2009	1 Yr Change
Home Sales	471	675	-30.2%	469	0.4%
Avg Sales Price	$231,537	$242,690	-4.6%	$193,201	19.8%
Avg Days on Market	104	102	2.0%	107	-2.8%
Pending Home Sales	1530	1244	23.0%	1208	26.7%
Housing Supply	12.2	11.2	8.9%	10.2	19.6%
Mortgage Rates	5.03%	4.93%	2.0%	5.05%	-0.4%

Definitions:

Home Sales - Number of home sales in Mecklenburg County during the period identified.

Avg Sales Price - Average sales price of homes closed during the period identified.

Avg Days on Market - The average amount of time on the market (in days) for sold homes during the period identified.

Pending Home Sales - Number of contracts pending for listed homes not yet closed. This statistic is a key indicator of home sales in the next 30-60 days.

Housing Supply - The number of months it would take to exhaust the existing supply of homes at the current sales pace. Note that a six month supply can be considered a balanced market. A supply of less than six months indicates a sellers’ market, while greater than six indicates a buyers’ market.

Mortgage Rates - Based on Freddie Mac 30 year average fixed rate.

*** These market statistics summarize all of Mecklenburg County. Similar statistics for your neighborhood may vary due to differences in your local market. For more specifics about your local area, please contact The W Realty Group at (704) 366-4000 or visit on the web at http://www.thewrealtygroup.com/.