Residential Closings - Entire MLS

$219,867 ASP $213,846 ASP $205,459 ASP $204,284 ASP $204,816 $205,535 $188,783 ASP ASP $194,708 ASP ASP $216,329 ASP $217,190 ASP

July 2012 - August 2013

$232,649 ASP $239,789 $232,851 ASP ASP

ASP=AverageSoldPriceDataCourtesyCarolinaMLS.

The Monthly Market Snapshot

+33.0% +28.8% +20.7%

Changein ClosedSales Pending Sales Changein NewLis ngs

+5.9%
Average SalesPrice

-18.8% -13.2% -34.8%

TotalAc ve Lis ngs AverageDays MonthsSupplyof ListtoClose HomesforSale

3,527

3,596

4,843

$232,851 14,805

129

5.2

Current Active Listings by Price Range

12 Month Count Pending Sales by Price Range

AsofAugust5th,2013

TotalAc veLis ngs=14,805

AsofAugust5th,2013

TotalPendingSales=34,346

PercentagesasReportedintheCRRAHousingSupplyOverview.Basedon1MonthofAc vity.

PercentagesasreportedintheCRRAHousingSupplyOverview.Basedonarolling12monthaverage.

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On the Move - Helen Adams Realty

Volume 6, Issue 8

Closed Units by Area

July 2013 - By MLS Areas
Residential Single Family, Townhomes & Condos
MLS Area
Charlo eGastoniaRockHill AllofMecklenburgCounty 01MecklenburgCounty(N) 02MecklenburgCounty(E) 03MecklenburgCounty(SE) 04MecklenburgCounty(SSE) 05MecklenburgCounty(S) 06MecklenburgCounty(SSW) 07MecklenburgCounty(SW) 08MecklenburgCounty(W) 09MecklenburgCounty(NW) 10UnionCounty 11CabarrusCounty 12IredellCounty 13LakeNorman 14LincolnCounty 15LakeWylie 16GastonCounty 17YorkCounty,SC 99UptownCharlo e TOTAL (for All CMLS Area)

Pending Sales Quick Facts

+34.0%
PriceRangewith StrongestSales:
$200,001 to $300,000

+25.3%
#Bedrooms StrongestSales: 3 Bedrooms

+29.2%
PropertyType StrongestSales: Condos

Units 1 Year % Average Closed Change Sales Price

2841 1653 283 159 124 192 337 147 97 55 132 377 268 243 180 89 70 217 304 25 3527 +32.3 +33.2 +50.5 +17.8 +29.2 +33.3 +45.3 +63.3 5.8 +7.8 +26.9 +32.3 +34.0 +46.4 +21.6 +12.7 +37.3 +36.5 +40.1 +13.6 +33.0 $234,998 $252,784 $210,905 $153,377 $158,406 $301,348 $392,818 $223,678 $151,690 $104,332 $186,925 $256,775 $185,351 $291,833 $480,050 $254,219 $385,716 $139,687 $219,937 $245,520 $232,851

PendingSalesbyPriceRange

PendingSalesbyBedroomCount

Percent of Original List Price Received 92.5% 7-2012

PendingSalesbyPropertyType

94.7% +2.4%

7-2013 +/-

DataCourtesyCarolinaMLS&10KResearchandMarke ng.

On the Move - Helen Adams Realty

Volume 6, Issue 8

Page 3

Pending Contracts

Average Residential Sales Price

DataprovidedbyCRRAMonthlyIndicatorsPacket.

DataprovidedbyCRRAMonthlyIndicatorsPacket.

New Listings

30 Year Fixed Mortgage Rates

DataprovidedbyCRRAMonthlyIndicatorsPacket.

Source:FreddieMac:www.freddiemac.com

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Page 4

On the Move - Helen Adams Realty

Volume 6, Issue 8

July 2013 Home Market Overview

Itwontbelongbeforethehousingrecoveryissimplyreferredtoashousing.ReprintedfromCRRAMonthlyIndicators,August2013
Institutional and cash buyers have effectively priced themselves out of the market. During the downturn, much inventory was purchased by these groups. Now that prices are rising, there's less incentive for these kinds of buyers, yet affordability for consumers remains attractive. New Listings in the Charlotte region increased 20.7 percent to 4,843. Pending Sales were up 28.8 percent to 3,596. Inventory levels shrank 18.8 percent to 14,805 units. Prices got a lift. The Median Sales Price increased 8.9 percent to $180,500. List to Close was down 13.2 percent to 129 days. Absorption rates improved as Months Supply of Inventory was down 34.8 percent to 5.2 months. With mortgage rates slightly up but relatively low by historic standards, the Fed has indicated no change in monetary policy based on a moderately-paced economic expansion. Although the unemployment rate remains a factor to watch, the housing recovery continues to plug along, helping the greater economy with flourishing activity in sales and prices. Housing has made a positive contribution to real GDP growth for 11 consecutive quarters.