August 2015

The heat is on, both outside and in the Charlotte real estate market. The thermometer knows it, buyers and sellers know it, and the latest market numbers prove them right.


As of 8-31-2015, the average sales price for a Charlotte home was $248.502, which is an increase of $6,392, or by 2.6% compared to last August -- and that was considered a boom month! The percentage of homes that sold for the original list price received grew by .5% to 95.2% of all homes sold. You might not think growth by a half of a percent is significant, but don't forget that's on top of more than 24 months of solid gains.
 
The inventory of homes for sale went down another 21.9% to 13,166 homes. Again, that significant reduction in inventory is a continuation that's been consistent for more than the past year. Take a look at my previous market reports, and you’ll see this is a solid trend in Charlotte real estate.
 
The number of days from list to close dropped by 7.3% to 114 from last year. And check this out: the number of pending sales, which are signed contracts that have not been closed yet, has seen another dramatic increase by 26.5% to 4,077. That means the heat can only go up in the coming months. So come and get in on the excitement! When you’re ready to start looking for the home of your dreams, contact us, and let’s turn up the heat!