Real estate sale closings flat for December
Residential real estate sale closings recorded by the Salisbury/Rowan Association of Realtors in December matched the number from December 2009 at 38, but fell from 40 closings in November,
The association reports numbers based on Salisbury/Rowan Multiple Listing Service data and does not include private sales, property transfers, or sales brokered by licensed real estate agents who do not report to the Salisbury/Rowan MLS.
The $127,972 average sales price for December was down from an average of $134,085 in November and $129,941 in December 2009, the association reported.
The average listing price in December was $165,469, as compared to $148,010 in November and $123,494 in December 2009.
The 18 pending residential contracts figure in December declined from 23 in November, but that was more than the 17 pending contracts in December 2009.
New residential listings in December totaled 67, which is 21 fewer new listings than the previous month.
Properties that closed in December had been on the market an average of 159 days since their listing. Thatís 10 more days than the average length of time for properties that closed in November.
The average number of days a property was on the market, excluding the days the property was off the market or pending, was 37 days, which is two fewer days than last November.