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How Is The Housing Market Performing In Charlotte, NC. Janaury 2014?
 
There is a lot of talk about the housing market in Charlotte, NC. and whether it is improving or if the rise in interest rates has caused the market to slow down and prices to lower while inventory creeps back up.  A monthly analysis versus the previous year and two years ago during the same month allows me to compare and see where the trends are and how they are impacting the housing market in Charlotte, NC.  Here are the stats for January 2014:
First, let's look at inventory of available homes buyers have to choose from in the Charlotte, NC. . In 2012 there were 7150 homes for sale in January. In 2013 there were 5034 homes for sale.  Last month there were 3980 homes for sale. That is a decline of 56% in two years of available homes buyers have to choose from.
Second, the average sale price of homes in the Charlotte, NC. for December 2012 was $198,492. In 2013 the average sale price was $212,409 and last month the average sale price was $235,267. That is an increase of 16% in the average sale price in the Charlotte, NC. market over the past two years during the month of January.
Third, let’s look at days in inventory. How long are houses sitting on the market? In 2012 the average home sat ... more

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