Charlotte, despite
the national market trend, continues to show a relatively stable real
estate market.
Charlotte North
Carolina homes for sale, including ONLY single family
homes (no condos/townhomes, farms or land), are currently at 6,538
properties available. Of those 6538 (graph below) homes on
the market in Charlotte,
810 of them are new construction single family homes. Days on
the market are somewhat higher for new construction but, some of the
data is skewed by homes that are listed when building begins rather
than completion of building with CO (certificate of occupancy)
obtained. 
Charlotte North Carolina Real Estate market absorption rate is shown below. Note the slight increase of our supply over the past year from 8.41 month supply to 8.66 month supply. Again, we're definitely in a buyer's market but, sellers continue to procure over 96% of their asking price! Days on the market have also not increased significantly (from 81 to 87). Not bad for a 'down' market is it?
September sales in the Charlotte NC market show (below) that sellers walked away with 96% of their list price and their time on the market was 90 days. Again, these listings are only those that are single family homes sold in Charlotte NC in September, 2008.
Finally, the Charlotte North Carolina real estate sales graph below shows a breakdown in price range of the homes SOLD in September, 2008. Higher priced homes ARE moving but, their days on the market are somewhat longer than those under $250K. This is to be expected in any market!
If you're thinking of buying Charlotte North Carolina real estate, you couldn't buy at a better time! The supply is good, the prices better than before and the mortgage rates are certainly affordable! Now, let's go shopping!
About the author:
Debe
Maxwell is a Charlotte Residential
Real Estate Broker, Certified Neighborhood and Relocation Specialist
who can assist you with the purchase and/or sale of real estate in
Charlotte NC or any place in the country by connecting you with a
relocation professional in your destination of choice. Debe has created
a team of professionals throughout the country to ensure that you
enjoy a smooth transition to your new area. These professionals are
experts in the field of relocation and can serve many purposes beyond a
simple home search. The destination service is of no cost to you!
Please visit www.TheMaxwellHouseGroup.com
for your relocation and/or your local needs. Debe Maxwell- HELEN
ADAMS REALTY - 704.491.3310 Debe@DebeMaxwell.com
Copyright
© 2008 By Debe Maxwell, All Rights Reserved...*Charlotte North Carolina
Homes For Sale--SEPT 2008 Report*
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