January 2014 - Charlotte, NC Real Estate Market Update!
The Charlotte Real Estate Market for January 2014 according to the Charlotte Regional Realtors Association had a really good start for a new year! It’s a great indicator of a stabilizing and healthy market.
New listings increased 2.3% to 4,027
Pending sales were up 6.2% to 2,778
Inventory levels shrank to 6%
Absorption rate supply down 17.4% to 4.7 month supply
What is recognized is we have fewer foreclosures, more new construction and increased seller activity.
This is a great time for buyers and sellers to consider their situation. Interest rates are still attractive but will probably continue to rise in 2014. If sellers who were hesitant in the past do a re-assessment of their value, they will probably find that they are in a completely different position.
We hope you are excited about our 2014 real estate market in Charlotte, NC, this is the best time to consider buying or selling.