January 2012 Market Activity For Charlotte, NC and the Surrounding Counties

Market Activity for Charlotte, NC and the Surrounding Counties for the month of January 2012.  

There were 1,541 total closings in January 2012, up 9.2% compared to January 2011.

60% of all home sales in January 2012 were in the $200,000.00 and under category.

Absorption rates improved as months supply of inventory was down 27.6% to 8.8 months supply.

The most notable trend is fewer active listings. Buyers in the wait and see mode may find themselves with more competition for the fewer properties come Spring.

January 2012 Market Activity For Charlotte, NC and the Surrounding Counties