The average sales price for November was $223,725 or 93.8% of the list price, which is $18,905 or 9.2% more than last year's average sales price at this time.
When a stock investor considers a stock, the prime question is: What are its earnings history? If the past trend is favorable, then a second question has to be answered: Do its future prospects look good? So even if a stock has done well in the past, but there are indications it can't sustain additional growth, then the investor looks for better prospects. But if both questions help uncover positive trends, then the next question is: How much can I buy?
That's clearly the case with Charlotte real estate. Look at the trending in inventory, for example. There are 14,655 homes for sale in the Charlotte-Gastonia-Rock Hill Metro area. That's 8.3% less than last year at this time -- and my report from a year ago reflected dropping inventory then as well. So this is a solid trend of increasing demand.
Here's another important statistic: The average number of days on the market is 136, or 4.5 months, which is 7.3% less than last year at this time. And last year's performance was positive, too!
Add those heartwarming numbers to the consistent firming up of average sales price, and there's just no denying it: The Charlotte real estate market is a great investment. Factor in the benefits of gorgeous weather, outstanding value in the home you can get for your dollar, and the quality of life in the North Carolina Piedmont, and you have an unbeatable combination.
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