The numbers echo what you can't help but notice as you drive around town - Charlotte real estate has bounced back. The latest report from the Charlotte Regional Realtor Association notes that 14,218 homes are on the market, reflecting a 27.5% drop in existing inventory! As inventory drops, the increasing demand pushes up prices. No wonder the average sales price of a Charlotte home is $204,413 - that's an increase of $11,999, or 6.2% over this time last year.
That's a phenomenal comeback!
The average time a listing remains on the market until closing also reflects this very welcome surge in Charlotte real estate. As of November 30, it's 4.9 months, a 9% drop from last year. While it's still a buyer's market, these continuing and consistent positive trends reinforce that it's a great time to buy a home, whether as a homeowner or investor. Give Carolina Buyers Agent a call today so you can take advantage of the special service only an Exclusive Buyer's Agent can provide in tracking down and bagging the great deals that are still out there.
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