The Charlotte real estate market is still strong. The number of Charlotte NC homes on the market in the Charlotte-Gastonia-Rock Hill NC/SC Metro Area was 20,808 as of 8/31/2012. The average sales price was $207,380 or 92.5% of the list price, which is $7,538 or +3.1% higher than the average sales price at the same time last year. The average number of days on the market for residential listings is 4.2 months.
Now let’s take a look at these numbers. Inventory is up slightly, bucking the positive trend of the past several months. The improvment we’ve seen so far this year tells us this month’s report is defintitely not indicative of any significant downward movement in home sales. Also, the average sales price of homes in the Charlotte real estate market is down a bit, but only by .02%. Looking at the historical data, this is nothing to worry about – it’s just part of the seasonal fluctuations well-known by seasoned realtors. We’ve seen worse.
Here’s a glimpse of the big picture – closed sales of Charlotte NC homes compared to last year stand at a whopping +17.8% – that’s a HUGE improvement from last year, which was itself an improvement (though barely!) of the previous year. Sometimes we buyer’s agents have to remember to recognize the forest, even when we’re busy working among the trees.
Yes, the Charlotte real estate market remains strong, and we’re staying busy representing our buyers!
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