The Charlotte real estate market continues to reflect the overall progress of the Charlotte economy. First, let’s look at the numbers: As of 7/31/2014, the existing inventory of homes for sale in the Charlotte-Gastonia-Rock Hill NC/SC Metoro area dropped again, this time to 15,709 homes, a decrease of 4.9% from last year. Another key indicator of the vitality of the Charlotte real estate market is the change in the average sales price. For July, that number bumped up $8,607, or 3.7%, to $241,485. Both of these are very healthy sign of increased demand for Charlotte Homes.
While the number of days on the market for residential listings did not change from last year at this time, 125 days, the overall trend of that metric is still definitely downward.
The most pleasant surprise is in the number of pending sales, that is, homes on the market that have contracts but have not closed. That’s up by 22.8% to 3,902 homes! With a healthy number of future sales in the pipeline, we can expect the positive trends in Charlotte real estate to continue for the forseeable future.
As I mentioned above, the Charlotte real estate market reflects the health of the overall Charlotte economy, and the news clearly justifies optimism. Sealed Air Corporation recently announced its move to Charlotte, North Carolina, which will bring over 1,200 new jobs to Charlotte.
If you’re considering moving to Charlotte, North Carolina, visit carolinabuyersagent.com/charlotte-nc-things-to-do/ to see for yourself why so many want to move here. And an Exclusive Buyer’s Agent is always just a click away at http://carolinabuyersagent.com/charlotte-realtors/.
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