Great news for Charlotte metro area home prices, which are are up 2.8% for the 12 months ended August 2012 according to the latest Case-Schiller Index. In fact, according to the latest Case-Schiller Index, US home prices are at their highest level since September 2010!
We can certainly feel this positive trend in Charlotte real estate--houses are selling faster, the discount in sale price to ask price continues to drop, multiple offer situations are more commmon, home inventory keeps dropping (in fact in some parts of Charlotte, home inventory is down to six months, which means it's no longer a buyer's market in those neighborhoods).
If you've been sitting on the fence waiting for home prices to drop further in the Charlotte real estate market, it may just be time to rethink your strategy and start shopping before home prices increase further and inventory gets tighter. Historically low interest rates are a big plus and a great reason to start home shopping sooner rather than later.
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