Here is the sales and listings data for Gaston County for the month of November as reported to the Carolina Multiple Listing System.
There was about a 7% drop in new listings on the market as compared to November of 2010, however, sales were up slightly from last year as you can see on the graph below. The percent of the original price received by the seller was up slightly to 90.3% of the asking price. The median sales price increased to $118,000 but the average sales price greatly increased from $123,700 last year to over $140,000 this November!!! The bad news is the marketing time is longer from an average of 128 days last November to 169 this year. The total inventory of homes in Gaston County decreased from 1,673 properties in November 2010 to only 1,371 homes this November. What this means is, if you need to sell your home, competition is down.
On the Year to Date side, the total listings for the year are down 17.7%. Closed sales are also down but only by about have that percentage. See the graph below.
The last graph tracks the Median Sales Price of properties for the last 3 ½ years. For the last 12 months or so, Gaston County has matched the entire CMLS region. Irl Dixon