Page 4 On the Move - Helen Adams Realty Volume 5, I ssue 6

May 2012 Home Sales Overview Best Month of Closings Since July 2008! Data and article excerpts from CMLS Monthly Indicators

than last year. May looks pretty good all around.

New Listings in the Charlotte region increased 5.4 percent to 4,434. Pending Sales were up 26.0 percent to 2,730. Inventory levels shrank 18.7 percent to 19,513 units.

Prices moved higher. The Median Sales Price increased 8.6 percent to $165,000. List to Close was down 6.7 percent to 140 days. The supply-demand balance stabilized as Months Supply of Inventory was down 30.4 percent

There were more Closed Sales in May 2012 than in any month since July 2008. Strong sales activity combined with falling inventories and fewer distressed properties selling has led to six consecutive months of gains in Median Sales Price when compared with 2011. Competing bids on existing inventory are commonplace in many neighborhoods. Informed sellers have noticed homes selling quicker and for closer to asking price. Feeling encouraged, sellers brought more properties onto the market

to 9.4 months.

In economic news, May's jobs report was disappointing, and there's a growing concern about the pace of domestic growth. Last month was also unsettling for investors, prompting some to hunt for better returns in the housing market. This forces other consumers up the price ladder. In politics, the Senate approved a 60-day National Flood Insurance Program extension. But with campaign season upon us, major

RANDOLPH ROAD

2301 Randolph Road, Charlotte, NC 28207

BALLANTYNE

15235-J John J. Delaney Dr., Charlotte, NC 28277

LAKE NORMAN

8600 Sam Furr Rd. Suite 150, Huntersville, NC 28078

Residential Real

Estate Closings

Blue: 2006

Gray: 2007

Purple: 2008

ON MOve Market Activity and Trends for Charlotte & Surrounding Counties

J u n e 2 0 1 2

There were 2607 total closings in May 2012, up 19% compared to

May 2011. 64% of all home sales in May 2012 were in the $200,000

and under category. The average closing price for the Charlotte

metro area in May 2012 was $217,561, up 4.1% from May 2011. In

May 2012, new listings increased by 5.4%, pending sales increased by

26.3%, total active listings decreased by 18.7%.

Residential Closings - Entire MLS May 2011 - May 2012

the

Change in

Closed Sales

Change in

New Listings

Average

Sales Price

Total Active

Listings

Months Supply of

Homes for Sale

Average Days

List to Close

Pending

Sales

ASP = Average Sold Price

Data Courtesy Carolina MLS.

+19.0% +26.3% +5.4% +4.1% -18.7% 140 9.4

Current Active Listings by Price Range

Total Active Listings = 19,513

May 2012 Sales by Price Range

Total Pending Sales = 24,876

Data Courtesy Carolina MLS—Based on a rolling 12-month average.

www.helenadamsrealty.com

Page 2 On the Move - Helen Adams Realty Volume 5, Issue 6

Closed Units by Area May 2012 - By MLS Areas

Residential Single Family, Townhomes & Condos

MLS Area Units

Closed

1 Year

Change

Average

Sales Price

Charlotte - Gastonia - Rock Hill 2075 +19.3 $ 219,130

All of Mecklenburg County 1231 +16.4 $ 229,190

01 - Mecklenburg County (N) 215 +7.5 $ 178,554

02 - Mecklenburg County (E) 136 +19.3 $ 106,684

03 - Mecklenburg County (SE) 92 +46.0 $ 136,781

04 - Mecklenburg County (SSE) 153 +47.1 $ 312,129

05 - Mecklenburg County (S) 241 +10.6 $ 393,987

06 - Mecklenburg County (SSW) 81 -8.0 $ 235,519

07 - Mecklenburg County (SW) 76 +5.6 $ 140,203

08 - Mecklenburg County (W) 51 +18.6 $ 82,504

09 - Mecklenburg County (NW) 100 +22.0 $ 149,863

10 - Union County 254 +10.4 $ 250,150

11 - Cabarrus County 173 +11.6 $ 192,196

12 - Iredell County 156 +7.6 $ 302,889

13 - Lake Norman 131 +70.1 $ 458,293

14 - Lincoln County 68 +11.5 $ 205,922

15 - Lake Wylie 47 +113.6 $ 295,259

16 - Gaston County 175 +25.0 $ 140,438

17 - York County, SC 235 +57.7 $ 216,164

42 - Mtn. Island Lake 17 +35.3 $ 179,607

99 - Uptown Charlotte 16 -15.8 $ 261,400

TOTAL (for All CMLS Area) 2607 +19.0 $217,561

May Home Sales Snapshot

Data Courtesy Carolina MLS & 10K Research and Marketing.

+22.0% +17.2% +19.0% Price Range with

Strongest Sales:

$200-300,000

# Bedrooms

Strongest Sales:

3 Bedrooms

Property Type

Strongest Sales:

Condos

Page 3 On the Move - Helen Adams Realty Volume 5, I ssue 6

www.helenadamsrealty.com

Pending Contracts

Average Residential Sales Price

New Listings

30 Year Fixed Mortgage Rates

Source: Freddie Mac, NAR, March 2012

Data Courtesy Carolina MLS.

Data provided by MLS—Based on accepted contracts for the given month.

Page 2 On the Move - Helen Adams Realty Volume 5, Issue 6

Closed Units by Area May 2012 - By MLS Areas

Residential Single Family, Townhomes & Condos

MLS Area Units

Closed

1 Year

Change

Average

Sales Price

Charlotte - Gastonia - Rock Hill 2075 +19.3 $ 219,130

All of Mecklenburg County 1231 +16.4 $ 229,190

01 - Mecklenburg County (N) 215 +7.5 $ 178,554

02 - Mecklenburg County (E) 136 +19.3 $ 106,684

03 - Mecklenburg County (SE) 92 +46.0 $ 136,781

04 - Mecklenburg County (SSE) 153 +47.1 $ 312,129

05 - Mecklenburg County (S) 241 +10.6 $ 393,987

06 - Mecklenburg County (SSW) 81 -8.0 $ 235,519

07 - Mecklenburg County (SW) 76 +5.6 $ 140,203

08 - Mecklenburg County (W) 51 +18.6 $ 82,504

09 - Mecklenburg County (NW) 100 +22.0 $ 149,863

10 - Union County 254 +10.4 $ 250,150

11 - Cabarrus County 173 +11.6 $ 192,196

12 - Iredell County 156 +7.6 $ 302,889

13 - Lake Norman 131 +70.1 $ 458,293

14 - Lincoln County 68 +11.5 $ 205,922

15 - Lake Wylie 47 +113.6 $ 295,259

16 - Gaston County 175 +25.0 $ 140,438

17 - York County, SC 235 +57.7 $ 216,164

42 - Mtn. Island Lake 17 +35.3 $ 179,607

99 - Uptown Charlotte 16 -15.8 $ 261,400

TOTAL (for All CMLS Area) 2607 +19.0 $217,561

May Home Sales Snapshot

Data Courtesy Carolina MLS & 10K Research and Marketing.

+22.0% +17.2% +19.0% Price Range with

Strongest Sales:

$200-300,000

# Bedrooms

Strongest Sales:

3 Bedrooms

Property Type

Strongest Sales:

Condos

Page 3 On the Move - Helen Adams Realty Volume 5, I ssue 6

www.helenadamsrealty.com

Pending Contracts

Average Residential Sales Price

New Listings

30 Year Fixed Mortgage Rates

Source: Freddie Mac, NAR, March 2012

Data Courtesy Carolina MLS.

Data provided by MLS—Based on accepted contracts for the given month.

Page 4 On the Move - Helen Adams Realty Volume 5, I ssue 6

May 2012 Home Sales Overview Best Month of Closings Since July 2008! Data and article excerpts from CMLS Monthly Indicators

than last year. May looks pretty good all around.

New Listings in the Charlotte region increased 5.4 percent to 4,434. Pending Sales were up 26.0 percent to 2,730. Inventory levels shrank 18.7 percent to 19,513 units.

Prices moved higher. The Median Sales Price increased 8.6 percent to $165,000. List to Close was down 6.7 percent to 140 days. The supply-demand balance stabilized as Months Supply of Inventory was down 30.4 percent

There were more Closed Sales in May 2012 than in any month since July 2008. Strong sales activity combined with falling inventories and fewer distressed properties selling has led to six consecutive months of gains in Median Sales Price when compared with 2011. Competing bids on existing inventory are commonplace in many neighborhoods. Informed sellers have noticed homes selling quicker and for closer to asking price. Feeling encouraged, sellers brought more properties onto the market

to 9.4 months.

In economic news, May's jobs report was disappointing, and there's a growing concern about the pace of domestic growth. Last month was also unsettling for investors, prompting some to hunt for better returns in the housing market. This forces other consumers up the price ladder. In politics, the Senate approved a 60-day National Flood Insurance Program extension. But with campaign season upon us, major

RANDOLPH ROAD

2301 Randolph Road, Charlotte, NC 28207

BALLANTYNE

15235-J John J. Delaney Dr., Charlotte, NC 28277

LAKE NORMAN

8600 Sam Furr Rd. Suite 150, Huntersville, NC 28078

Residential Real

Estate Closings

Blue: 2006

Gray: 2007

Purple: 2008

ON MOve Market Activity and Trends for Charlotte & Surrounding Counties

J u n e 2 0 1 2

There were 2607 total closings in May 2012, up 19% compared to

May 2011. 64% of all home sales in May 2012 were in the $200,000

and under category. The average closing price for the Charlotte

metro area in May 2012 was $217,561, up 4.1% from May 2011. In

May 2012, new listings increased by 5.4%, pending sales increased by

26.3%, total active listings decreased by 18.7%.

Residential Closings - Entire MLS May 2011 - May 2012

the

Change in

Closed Sales

Change in

New Listings

Average

Sales Price

Total Active

Listings

Months Supply of

Homes for Sale

Average Days

List to Close

Pending

Sales

ASP = Average Sold Price

Data Courtesy Carolina MLS.

+19.0% +26.3% +5.4% +4.1% -18.7% 140 9.4

Current Active Listings by Price Range

Total Active Listings = 19,513

May 2012 Sales by Price Range

Total Pending Sales = 24,876

Data Courtesy Carolina MLS—Based on a rolling 12-month average.

www.helenadamsrealty.com