Charlotte NC Real Estate Market Report - December 2009

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Charlotte NC Real Estate Market Report - December 2009

Charlotte NC MLS Area Map

The Charlotte NC housing market continues to show a slow but, steady improvement.  December sales continue to be primarily in the $250K and under market, allowing our second-time home buyers to move up as well.

Charlotte's  local economy also appears to continue the recovery trend that began in Q2, 2009.  Mecklenburg County Charlotte NC expanded 11,500 jobs which was a 15% year-over-year increase from 2008.  This, during the worst recession in many years, is nothing short of commendable!  FORTUNE Small Business Magazine named Charlotte NC the 7th best place to launch a business due to our stabalizing local economy incuding improvement in jobless rate.   This is demonstrated by several companies in recent months making the decision to headquarter or expand their businesses in Charlotte NC including Electrolux, Premier Global Healthcare, Tolt Service Group, NACA, Zenta and Albert's Organics among others.


The  $8,000 Federal Tax Credit for First Time Home Buyers has been extended, with an added incentive for current homeowners.  The increase in sales of the average-priced homes in Charlotte NC ,  is indicative of the surge in first-time home buyers, affording first- and second-time home sellers the ability to move up (as per the Charlotte NC MLS data here).  


Homes Closed in Charlotte NC Nov 2009

Average Days from Contract to Close
Charlotte NC Home Sales

Contract to Close Charlotte NC

**Data provided by CMLS is deemed reliable but, not guaranteed.

Should you be searching for or selling a home in the Charlotte NC area, we would love to assist you.  Our team has many years of experience in the area to share with you and would be happy to assist you with your Charlotte NC real estate needs.


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Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC


Thanks for the Charlotte North Carolina market update.

Good luck and success.

Lou Ludwig

Dec 27, 2009 07:28 PM #1
Michelle Francis
Tim Francis Realty LLC - Atlanta, GA
Realtor, Buckhead Atlanta Homes for Sale & Lease

Debe,  Great market update for Charlotte.  Love to see the good news about jobs growth!!!!  All the best in 2010.  Michelle

Dec 27, 2009 09:52 PM #2
Gabe Sanders
the BlueWater Realty team specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Great information for those interested in the Charlotte arket.  Very well presented Debe.

Dec 28, 2009 06:53 AM #3
Bonner Thomason
Keller Williams Realty - Kernersville, NC
CRS, ABR, GRI, e-Pro

Thanks for the post. Good for me to at least be aware of whats happening in Charlotte.


Dec 28, 2009 07:48 AM #4
Al & Peggy Cunningham Brokers, Brampton Ontario Homes For Sale 905-450-5500
RE/MAX Realty Services Inc. - Brampton, ON

Debe it is so good to see posts like this one! Congratulations on the upswing, let's keep it happening!  Happy New Year.

Dec 28, 2009 04:57 PM #5
Ellie McIntire
Ellicott City Clarksville Howard County Maryland Real Estate - Ellicott City, MD
Luxury service in Howard County & Catonsville

As always, a great informative post. Good to see Charlotte is getting stronger in this economy.

Dec 28, 2009 06:51 PM #6
Mike Jones
SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) - Tucson, AZ
Mike Jones NMLS 223495


It's been a month of Sundays since I've commented on your blog.  Saw your comment on Facebook, and wondered what you've been up to!

Mike in Tucson

Dec 28, 2009 08:07 PM #7
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Debe you are doing a terrific job of keeping everyone posted on what is going on in your market!

Dec 29, 2009 09:11 AM #8
Cherise Selley
Selley Group Real Estate, LLC - Colorado Springs, CO
Colorado Springs Realtor

Debe...thanks for the reports...slow, but steady seems to be gaining momentum throughout pocket areas of the US...

Dec 29, 2009 10:40 AM #9
Sheldon Neal
Bergen County, NJ - RE/MAX Real Estate Limited - Maywood, NJ
That British Agent Bergen County NJ

Wow increases in jobs by that amount is extremely positive for Charlotte - great job keeping the positive news going to your local audience Debe !

Happy New Year and best wishes to you and your family :o)

Dec 29, 2009 11:08 AM #10
Joseph D. Federico
Donahue Real Estate Co. - Dedham, MA
Eastern Massachusetts Real Estate

Debe-As always a informative post about the Charlotte market. Have a Happy & Healthy New Year.

Dec 29, 2009 12:29 PM #11
J.NARRIN -Asheville Partnering Broker-in-Charge - your contact for Newsy-News, LAND, Homes, and Views
Asheville 1031 Real Estate Investments - Asheville, NC
so Let Me Know What's Most Important to YOU !


Your post gave me a Big Smile today. First because of the graphic design...just really wonderful...but even more so because you wrote, " The Charlotte NC housing market continues to show a slow but, steady improvement.."

Dec 29, 2009 02:16 PM #12
Sharon Alters
Coldwell Banker Vanguard Realty - 904-673-2308 - Fleming Island, FL
Realtor - Homes for Sale Fleming Island FL

Debe, this is an outstanding interpretation of the Charlotte NC economic climate as well as the overall real estate market. The visuals really cement the copy.

Dec 30, 2009 09:12 PM #13
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Debe Maxwell

Charlotte Homes for Sale - Charlotte Neighborhoods

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