CRRA (Charlotte Regional Realtor Association) Just Released Statistics for December 6, 2008 to January 5, 2009. These stats include areas, such as Charlotte, Denver, Gastonia, Lincolnton, Mooresville, Huntersville, Statesville and Cornelius. Needless to say, each little market place is a bit different than the other, but this offers a general idea of what is going on in the Market around Lake Norman and Charlotte.
Average Days on the Market (List to Close): 147.5 Days Days on the market are up 22.2 days December 08 vs. December 07
Average List Price of Sold Homes: $223,746 Average List Price has decreased by 3.5% December 08 vs. December 07
Average Sale Price of Sold Homes: $200,226 Average Sales Price has decreased by 8.3% December 08 vs. December 07
Residential Contracts Reported: 1,285 The number of Residential Contracts Reported has decreased by 38.4% December 08 vs. December 07
Residential Closings Reported: 1,350 The number of Closings Reported has decreased by 47.2% December 08 vs. December 07
The NCAR (North Carolina Association of Realtors) reported that the number of sold homes was down 38% December 08 vs. December 07 in North Carolina and the Average Home Cost was down 8%.
The NAR (National Association of Realtors) reported that across the nation the number of sold homes had decreased 3.5% December 08 vs. December 07 and the Average Home Cost was down 15%. In the South only, sold homes decreased 11.2% December 08 vs. December 07 with the average sales price down 7.9%.
On a positive note, the South’s Home Sales increased November 08 vs. December 08 by 7.4%.
I personally have negotiated and put 3 homes under contract in the past 7 days, working on number 4 at this moment! When Life throws you Lemons….Make Lemonade! Start by Choosing the Right Realtor and Firm! Best Wishes!