August 2013 - Charlotte, NC Real Estate Market Report
Strong Demand for Charlotte Homes Continue
The dream of home ownership based on volume in August 2013 for Charlotte, NC was very much intact, it certainly outweighed the higher interest rates for now.
The real estate market health is definitely pointed upward.
There were 1,576 total units that closed in all of Mecklenburg County; closings were up by 18.1%.
New Listings in the Charlotte region increased 16.5% to 4,530.
Pending Sales were up 17.5% to 3,079.
Home Prices experienced a facelift, Median Sales price increased by 12% from the same time in Aug. 2012.
Available inventory shrank13.7%to 15,348 units.
Absorption Rates continue to improve as the month supply of inventory was down 29.6%.
This has been the August 2013 Home Market Overview.