The Standard and Poor's Case-Shiller Survey for March 2008 showed that the Charlotte Metro Statistical Area, which represents the counties of Mecklenburg, Union, Cabarrus, Gaston, Anson, and York (SC) showed a 1-Year Increase in home prices of 0.8%.  I know you're thinking why pop the cork on the champagne for 0.8% but when you look at the other cities in the study, you'll see just how strong that 0.8% really is. 

• 1 Year Averages
• Charlotte +0.8%
• Atlanta -6.5%
• Chicago -10%
• Las Vegas -25.9%
• Los Angeles -21.7%
• Miami -24.6%
• Phoenix -23%
• Washington DC -14.7&

Here in Charlotte, the news folks will still have you thinking that we're down 14%.  On my way into the office, the area's largest talk radio station did a tease "Home Prices Fell 14% in March and now on to traffic and weather." 

Want to see where your city stacks up or to read the Case Shiller survey for yourself, click here and it will take you right to the March 2008 press release, debuted May 27.

Jonathan Osman
Charlotte NC Homes, Charlotte Real Estate