Charlotte Real Estate Market Report: Charlotte Home Prices Up 6.6%

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Real Estate Agent with www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 228209

Charlotte Real Estate Market Report:  Charlotte Home Prices Up 6.6%

Real Estate market report for Charlotte NCThis 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!

Contact us...

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%

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Rainmaker
3,813,766
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Hi Debbie,

As always a great marketing report! 3.8onth supply..a seller's market!! 6.6%  increse from May of last year certainly speaks volumes for sellers:).

Jul 09, 2014 12:47 PM #1
Ambassador
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Thanks, Dorie!  Yes, we are in a tremendously fabulous sellers' market - but, the low inventory is killing the buyer market.  Everyone is on the sidelines waiting to get their one play of a triple-overtime game!  :-)

Jul 09, 2014 01:34 PM #2
Rainmaker
1,570,124
David Saks
(retired) - Memphis, TN

Fine information. Have a great day and a terrific week ahead.

Jul 09, 2014 07:46 PM #3
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Thanks, David!  You as well!

Jul 10, 2014 11:00 AM #4
Rainmaker
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Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

Debe, that is an amazing change in inventory levels from 2010 to 2014...wow!!

Jul 10, 2014 08:29 PM #5
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Ginny, isn't that amazing?!  We definitely were in a recession here - thankfully, there were still employees relocating during that time that kept those of us working...still working!  :-)

Jul 10, 2014 11:18 PM #6
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