Charlotte Real Estate Market Report: Charlotte Home Prices Up 6.6%
This week, the Charlotte Observer featured an article related to the continuing rising home prices in our area. "Charlotte-area home prices rose 6.6 percent in May from the same month a year ago, as the pace of annual gains nationwide continues to slow, according to a report released Tuesday."
Charlotte remains in a strong sellers' market with home prices stabalizing a bit, yet inventory remains lower than average, giving way to that stronger sellers' market. Inventory of single family homes in Charlotte is at a 10-year low with a 3.9 month supply; condo/townhome inventory is also at a 10-year low with a 3.8 month supply.
Single family inventory - click the interactive graph below to compare the 10-year data. Single family inventory is at a 3.9 month supply.
The latest data with regards to Charlotte's condo inventory is displayed on the 10-year interactive graph below - currently a 3.8 month supply.
Data above provided by CMLS, deemed reliable but, not guaranteed.
If you're a Charlotte home buyer, visit Charlotte's hottest home search tool, FindHomesInCharlotte.com. You'll find up-to-the-minute LOCAL data unlike any of the national sites. This has proven to be a great tool for our clients to find homes, sometimes 24 hours before buyers using the national syndicated sites find them - beating others to the table with an Offer and avoiding bidding wars! It's a must-use if you're a Charlotte home buyer! And if you find yourself in a multiple Offer situation - we'll be the perfect team - we WIN bidding wars!
Debe Maxwell, CRS, Realtor®/Broker
The Maxwell House Group
14825 Ballantyne Village Way, Suite 165
Charlotte, NC 28277
Mobile: (704) 491-3310
Fax: (704) 353-7014
© Debe Maxwell | The Maxwell House Group | SavvyBroker@me.com | Charlotte Real Estate Market Report: Charlotte Home Prices Up 6.6%