Even with record amounts of snow on the ground (something we don’t see much of in North Carolina), the Charlotte real estate market is still hot. Check out these numbers, which almost made me thing it’s springtime: As of January 31, 2014, the average sales price was $217,109, an increase of $28,283 or 15% from last January – and that was considered good news at the time.
The good news only gets better. Once again, the inventory of homes has shrunk, this time to 13,664 homes on the market, a decrease of 6% from last year. A consistently decreasing inventory is one of the strongest indicators that the Charlotte real estate market is healthy and can be expected to maintain this encouraging trend. The increased demand is also reflected in the percentage of the original listing price sellers received, 93.1%, which is an increase of .5%.
Another telling indicator is the number of days from listing to closing. Just as it has in the past several months, this has decreased once again, to 4.8 months, a drop of 7.7% from 2013.
Talk about a great start for the year!
With positive economic and employment news, and a solid record of sustainable growth, it’s clear 2014 will be another great year for the Charlotte real estate market.
Comments(0)