The evidence couldn’t be clearer – the Charlotte real estate market has roared back to life, and is not only proving it’s alive and kicking, but showing strong signs of continued vitality into the future.
The trends are unmistakable. The number of homes in the Charlotte-Gastonia-Rock Hill NC/SC Metro Area was 13,415 as of 12/31/2012 – that’s a 27.7% drop in inventory from a year ago. More significantly, that’s just the latest in an unbroken record of continuous improvement in the number of homes for sale. Naturally, this is pushing the average price per home up. For December, 2012, the average price was $205,537, an increase of 7.9% from last year. In November, we reported a 6.2% increase, and in the month before that, a 4.9% increase.
Progress that steady can only be interpreted as evidence of healthy, sustainable growth in the Charlotte real estate market that we can expect to continue for some time. In other words, this is no fluke.
The average time for a listing to close is holding steady at 5.2 months, a drop of 1.7% from last year.
Again, these are exciting numbers!
If you’ve been waiting for a definite sign of improvement in the Charlotte real estate market, your time has come. Check out our monthly reports and see for yourself why this is a great time to buy. Do a little research on the advantages of an exclusive buyer’s agent. Then give me a call, and let’s plan your new home purchase.
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