This should serve as no surprize, but here is a good look at the Charlotte real estate market, on terms of what price ranges are selling, and how many homes for sale actually closed in the month of October 2009.

Cause and Effect:

First time home buyers:

• Homes priced under $120,000....721 closings
• Homes priced between $120,001-$150,000...382 closings

Cause and Effect:

First time home buyers sending first time home sellers into that next level:

• Homes priced between $150,001 and $190,000...336 closings
• Homes priced between $190,001 and $250,000...312 closings

Cause and Effect:

Here is where the home closings start to dwindle down. The new housing stimulus plan should boost these sales through the first half of next year.

• Homes priced between $250,001 and $350,000....219 closings
• Homes priced between $350,001 and $500,000....136 closings

The Luxury Market:

• Homes priced between $500,001 and $1million...89 closings
• And home that were priced over $1 million...15 closings

Granted, the higher the dollar price of the home, the fewer on the market...Whoa, Nellie! The Charlotte real estate market currently has 789 homes for sale priced at over $1million dollars.