June 2010 Market Stats

Single Family Home Sales

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

	June 2010	May 2010	1 Mo Change	June 2009	1 Yr Change
Home Sales	996	959	3.97%	749	32.98%
Avg Sales Price	$243,362	$234,723	3.68%	$234,279	3.88%
Avg Days on Market	100	101	-0.99%	100	0.00%
Pending Home Sales	1492	1763	-15.37%	1661	-10.17%
Housing Supply	11.21	12.48	-10.18%	13.7	-18.18%
Mortgage Rates	4.74%	4.89%	-3.07%	5.42%	-12.55%

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/.