Charlotte Real Estate Market – September 2012 Report

The continuing strength of the Charlotte real estate market just continues to surprise. While there's the expected autumn dip in some figures, the present overall performance numbers compared to last year are like night and day. (Hint: last year was the dark part!)
 
For example, the number of homes on the market in the Charlotte-Gastonia-Rock Hill Metro area was 15,548. Like anything else, as the inventory declines, demand rises. This is a -26.9% drop from last year at this time! Talk about your surging demand!
 
Sales statistics bear this out. The average sales price for September was $206,051 or 91.9% of the list price. That's an increase of $9,402, or 4.8% more than the average price from last year. The average number of days on the market for residential listings is 4.8 months, down 10.7% from last year.
 
Bottom line:Charlotte real estate is higher, in more demand, and selling faster than last year. Both investors and first-time buyers are reaping the rewards from a desirable region with a booming economy.