Charlotte NC Real Estate Market Report - March 2010 - Written Contracts
The Charlotte NC Metro 7-county* area written business for this period: 3,283 Contracts; written business during last period: 4,382 Contract; the resulting INCREASE in the number of written Contracts = 33.8%.
The decrease in months of supply of inventory has also shown positive indication that our market is stabalizing. We do remain in a buyer's market in the Charlotte NC Metro market but, pricing is stabalizing and with DOM decreasing, months of supply decreasing and increased written Contracts, we're gingerly headed towards that coveted seller's market!
The statistics for the Charlotte NC Metro 7-county area include the counties of Mecklenburg, Union, York, Lancaster, Gaston, Iredell and Cabarrus. The 7 county stats are for single family homes only in these NC & SC metro counties.
For a comparable market analysis and a market absorption trend for your area, give us a call at (704) 491-3310 or email Debe@DebeMaxwell.com
The question, of course, is does the number for "written business" include Short Sales. . . Inclusion of Short Sales in "written business" or, as the NAR does, Pendings" has completely changed the dynamic between these stats and Closed Sales.
Debe, 1st of all you do such a great job on your market reports. You always do - but more important.... I just noticed you hit a HUGE milestone! over 1/2 million points here in the rain. I just have to say I'm so proud of you! You are always so helpful to everyone... your posts are great and it's been a pleasure to get to know you. Hope to see you at RETS and get a chance to spend some time offline together!!
Hi Michael! CONGRATULATIONS to you--you are most certainly deserving! Hopefully this will be a better spring than in '09!
Hi Lenn! Yes, all written, closed and listeds in our MLS data is inclusive of REO's, Short Sales and Foreclosures-ALL distressed properties. Our MLS flags the distressed properties and it is noted in the tax records to avoid appraisers use in appraisals (although not always avoided).
Hi Gabe! Thanks--I wish it were hopping a bit more--we're DUE for an amazing quarter!
Hey Pamela! You're such a sweetheart! Thank you and it's been my pleasure getting to know YOU! I'm loooking forward to RETS and seeing you again--offline...I love it!
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Debe, Good to hear that things are picking up. They are here too. I'm on track to have one of the best Marches in years. Cool...