Home Prices in Charlotte for December 2016

By
Real Estate Agent with www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 228209
https://activerain.com/droplet/4YDM

Home Prices in Charlotte for December 2016


Real estate market data for Charlotte NC provided by Debe Maxwell of The Maxwell House Group & RE/MAX Executive, South End, Charlotte NC.

Charlotte NC Market Reports


Charlotte Home Prices

 

We have seen 45 straight months ($196,554 in March, 2013 to $269,006 in December, 2016) of  increases on home sales prices in Charlotte and don’t expect things to slow in the near future.  If you are considering buying a home you can still find deals on a house in Charlotte but having a good real estate agent who understands the market is a must. 

 

Don’t wait on the sidelines for too long, many of our listings are selling within days (sometimes HOURS!) of hitting the market. As you can see from the graph below, listing-to-sales price ratio (median values) are at an all-time high (98.1%). However, to make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Charlotte home on which you are making an Offer.


Click this link to find the current inventory is on the market in Charlotte.  High inventory will suggest that homes are sitting on the market for longer. Currently in this area of Charlotte, homes have a median time of 13 days on the market before they go under Contract.  There is currently an inventory in Charlotte of 3,192 homes for sale with a 2.4 month absorption rate. This would suggest that sellers are in a great position to achieve that goal of the list price - or even above. Buyers should move quickly and Offer aggressively in most communities.  Low inventory in Charlotte has multiple offers coming in on homes similar to what we saw back in 2007. Home values are not increasing quite as fast as they did back in 2007 as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. However, low inventory is certainly one indicator that prices should continue to rise, even with the minimal increase we've experienced in interest rates these last two weeks. 

 

 

Charlotte Real Estate Report Summary

Charlotte NC Homes Pick Your Neighbors
The median list price in December for single family homes in Charlotte is $341,445. The list prices increased by 1.3% from the previous month.

The average price per square foot for single family listings in this area is $123.

The median sales price in December for single family homes is $216,000. The sale prices increased by 8% from the previous month.

The average price per square foot for all sales in Charlotte NC in December was $128.


Find Homes for Sale in Charlotte NC

Visit my website to search for homes in Charlotte or to be notified when Charlotte homes come on the market.

To find out what you home is worth in the current market email me or call or text (704) 491-3310.

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2017 Market Trend Reports

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Rainmaker
272,499
Susan Jacobsen
The Alliance Group Realty - Hilton Head Island, SC
20 Years Providing WOW Real Estate Service

WOW Debe - first Happy 2017 and second - WOW again! Charlotte looks like it is poised to continue to be a great market. With your professionalism, I also know you'll have another successful year - plus HOW did you do that with interactive data points?????? All the best, Susan

Jan 08, 2017 08:40 AM #1
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2,589,964
Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Hi Susan Jacobsen - well, thank you!  Our MLS offers that option and I love the option to use the interactive data - it lasts forever and updates often!  Happy 2017 to you as well!

Jan 08, 2017 09:54 AM #2
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Paul S. Henderson, REALTOR®,CRS,
RE/MAX Professionals. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

Hey Debe Maxwellyou have made your market reports a thing of art and what a joy to read!

Jan 08, 2017 05:16 PM #3
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2,589,964
Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Well, thank you Paul S. Henderson, REALTOR®, Broker, Tacoma Washington!  I enjoy delving in the stats - putting it together in a post - not so much!  LOL 

Jan 08, 2017 06:36 PM #4
Rainmaker
4,051,809
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing.

Jan 09, 2017 06:20 AM #5
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Charlotte Homes for Sale - Charlotte Neighborhoods
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