REBIC joined members of the Home Builders Association of Charlotte (HBAC) this week to visit our Mecklenburg County legislators in Raleigh during the 2-day NCHBA Legislative Conference.
After an evening reception at the North Carolina Museum of History, our local delegation spent Wednesday morning in the halls of the State Legislative Building, meeting with Representatives Bill Brawley, Becky Carney, Ric Killian, and Ruth Samuelson, as well as Senators Dan Clodfelter and Bob Rucho. While House Speaker Thom Tillis wasn’t able to carve out time from his busy schedule to meet with us, we managed to catch him between meetings and discuss the importance of S 731, which he had pulled from the Commerce Committee calendar the day before.
Thanks to HBAC members Alan Banks, Tom Brasse, Bill Daleure, Nicole Goolsby, Alma Jacobs, Rick Judson, Danny Kelly, Karla Hammer Knotts, Terrence Llewellyn, Brian Pace, Tom Pearson and Grady Thomas for taking time out of their busy schedules to make the drive to Raleigh and participate in this important conference. And thanks to Mike Carpenter, Lisa Martin, and the rest of the NCHBA team for being such outstanding hosts!
Today’s edition of the Charlotte Business Journal has an guest editorial from local Realtor® Dave Berryhill on the proposed mandatory Rental Registration program. Click HERE for an excellent perspective on this important issue (CBJ subscriber access required).
Please give a big welcome to our newest Associate Members:
If you know of anyone else who would be interested in a REBIC membership, please contact Joe Padilla at 704-940-3174 or Yvonne Case at 704-940-3171!
Local Residential Activity Report
Residential real estate monthly activity for April 2012
CHARLOTTE, N.C. – Charlotte Regional Realtor® Association reports on the residential real estate market in this region based on Carolina Multiple Listing Services, Inc. (CMLS) data. The number of closings for April 2012 (2,170) increased 15.3 percent compared to April 2011, when closings totaled 1,882. Both the average and median sales price showed positive increases for a third consecutive month. The average sales price in April 2012 ($214,779) was up by 5.6 percent compared to the same period last year ($203,442), and the median sales price ($159,995), the best measure of trends over a period of time, showed prices up by 4.6 percent compared to April 2011 when the median sales price was $153,000.
The average list price in April 2012 ($272,358) increased 9.2 percent when compared to the average list price for the same period last year ($249,500), bringing the percent of original list price received measure to 92 percent as compared to 88.9 percent last April. April 2012 pending contracts totaled 2,317, an increase of 7.8 percent over last April’s pending contracts (2,150) for the CMLS region.
New residential listings in March 2012 totaled 4,526, up slightly by1.5 percent compared to the same period last year when new listings totaled 4,460. Overall inventory continued its downward trend, down 18.7 percent compared to April 2011, leaving the CMLS region with a 9.7-month supply of homes for sale as compared to 13.7-month supply during the same time last year. The average number of days a property was on the market from the time it was listed until it closed (list to close) totaled 145, which is a decrease of nine days when compared to last April when the list to close count totaled 154 days.
The share of new listings that were distressed in April was 11.3 percent, compared to 18.7 percent the previous year. 15.6 percent of all closed sales in April were distressed, compared to 31.5 percent in April 2011.
For more residential-housing market statistics, visit the association’s website at www.CarolinaHome.com and click on “Community Data.”