Charlotte metro region real estate market continues its steady improvement. Latest activity supporting this includes:
-
A decrease in home inventory levels of 18.4% for the three months ending July 21, 2012.
-
Pending sales (homes in contract) increased 23.7% for the three months ending July 21, 2012.
-
Average sale price was down 1% for the three months ending July 21, 2012, but up 5.3% over 2011.
-
Home sellers, on average, are getting 2% more of their asking price in sale price and 3.4% more than in 2011.
-
Year over year (July 2011 through June 2012), Charlotte metro has 10.3 months of housing inventory versus 13.2 months a year ago. Thats a 22.5% decrease in inventory. So it's still a buyer's market, but edging ever closer to the six month inventory levels that would indicate a balanced market.
-
During June 2012 our months supply of inventory decreased 29% to 9.3 months!
To stay on top of real estate sales in your neighborhood and to get free access to valuable market data, subscribe to Nina Hollander's monthly Housing Trends Newsletter today.
SEARCH ALL CHARLOTTE METRO AREA HOMES
Want to know what your Charlotte area home is worth in today's market? Visit:
http://www.greathomesincharlotte.com/free-market-analysis and receive a free, no obligation, custom evaluation for your home, including comparisons to other homes that have recently sold or are on the market.
With interest rates at historic low, home affordability has never been higher. The Charlotte metro regional real estate market is holding its own and it's as good a time to buy as we've seen!
Comments(1)