Charlotte Monthly Stats 10/6-11/5/09

Time on Market

The average days on the market for closings in the reported month is 140.7 days. Of

the reported home sales 42% closed in 121 days or more. This represents an increase

of 6.7 days in closing time over October 2008.

Average List Price of Sold Homes

The average list price of sold homes reported through the CRRA was $218,050. This

represents a decrease of

8.1%

from October 2008.

Average Sales Price of Sold Homes

The average sales price of sold homes reported through the CRRA was $196,204.

This represents a decrease of

9.5%

from October of 2008.

Residential Contracts Reported

There were a total of 2400 contracts reported in October of 2009. This represents a

33.5% increase

in reported contracts from October of 2008 and a 9.1% increase

over September of 2009.

Residential Contracts Closed

There were a total of 2210 contracts that were reported as closed in October of 2009.

This represents a

19.6% increase

in closings as compared to October of 2008 and

a 13.6% increase over September of 2009.