Charlotte Real Estate - Home Sale Summary for September 2009
Well, another month has gone by in 2009, and unfortunately for the Charlotte Real Estate Market, it appears to have moved in the wrong direction for people who have their home for sale. September followed a historical trend of increasing inventory compared to August. With the First-Time Homebuyer Tax Credit in full force through September, I was optimistic that we might see a different trend this year; but that didn't play out. Inventory remains higher than last year at this time, so we still haven't yet gotten back to last year's levels.
If you read and saw the video from last month's blog post, you know I was hoping that in September I would see the inventory trend cross the line to break the streak of 2009 inventory being higher than that of 2008. As you see from the below graph, that did not take place...
Looking at the individual month change, you'll see that, not only did the total inventory increase vs the prior month, but the inventory also increased in every single price range reported...
To get some additional statistics and commentary, click on the video below...
Though our September didn't bring the best news, I am still optimistic that the market will level out and get back to more reasonable levels in the future. Stay tuned for next month's report!
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