Charlotte Real Estate Market – September 2014 The Charlotte real estate market’s performance for September was nothing short of breathtaking. As of 9-30-2014, the average sales price grew once again to $228,085. That’s an increase of $7,154, or 3.2% from last year at this time. That average price for a Charlotte home is a very healthy 94.2% of the original sales price. An even bigger pleasant surprise was the rate of decrease in existing inventory for the Charlotte-Gastonia-Rock Hill NC/SC Metro Area. If you backtrack on my monthly reports on the the Charlotte real estate market, you’ll see that the inventory trend has been a steady drop throughout 2014, but in September, the inventory of homes on the market fell to 15,017, representing an 11.2% decrease. That’s the biggest monthly reduction this year, and says a lot about the growing desirability of Charlotte homes. That’s good news for everyone, including builders. Another vital statistic is the number of days from listing to closing. When you smooth out the bumps on a graph of this key variable, you see another very definite, very positive trend. For September, the average list to close was 129 days, or 4.3 months. Factor that in with Charlotte’s disappearing inventory of home on the market with the incredible growth in pending sales, which increased by 28.4% from last year, and we have a solid confirmation of the vitality of the Charlotte real estate market. For both experienced real estate investors and first-time home buyers, real estate in Charlotte remains healthy and attractive. We’re here to help you find your dream home. Take a look at the experience of our buyers at carolinabuyersagent/testimonials/ and see for yourself why you need an exclusive buyer’s agent on your side.
Posted on: Fri, 17 Oct 2014 17:05:39 +0000
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