Market Update for Charlotte, NC

Managing Real Estate Broker with REIGN REALTY

According to the Charlotte Regional Realtor Association, the following is new data showing how our maket is fairing  amidst global economic changes.

Charlotte Regional Realtor® Association reports: The number of closings for October 2011 (1,882) increased 12.4 percent compared to October 2010 when closings totaled 1,674.  Compared to September 2011 (1,968), closings were down 4.4 percent. 

The average sales price in October 2011 ($194,837) was down 3.6 percent compared to October 2010 ($202,146), and down less than one percent compared to September 2011 ($196,649). The median sales price in October 2011 ($152,000) decreased 1.3 percent compared to the October 2010 median sales price of $154,000, and was up 1.4 percent compared to the September 2011 median sales price of $149,900.

The average list price in October 2011 ($230,163) increased 2.5 percent from last October 2011 average list price of $224,513, and was down 5.8 percent compared to September 2011 ($244,252).  There were 1,748 pending sales in October 2011.  This figure increased 14.1 percent compared to October 2010 when pending contracts totaled 1,532.  New residential listings in October 2011 totaled 3,181. 

Now this may sound like great news to many...and that's because what this data means is all real estate is local.

The housing news that is usually in the media tells of what is happening on a national level.  

When looking for local market stats to help you decide if now is a good time to sell, or buy your new home, contact me!  I am a full-time broker that has a passion for real estate, and love sharing information.

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Patrick White
Home Driven Realty, Inc - Baldwin, NY
Driven to bring New Yorkers home

Good Evening Raine

Thanks for the Charlotte, NC market update. The up tick in volume of closings is good news. Have a great day

Nov 10, 2011 11:15 AM #1
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Raine Spivey

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