Rocketing Sales Continue- Builders WE NEED More Inventory
Charlotte home sales continued their climb, surpassing sales in April 2012 by 38%.* Home prices remain in the 2004 price per square foot range, even as average home price- and size has grown. .
Certain markets, in town locations, and other popular spots in the under $200,000 market, inventories are at 2 months, ridiculously low levels.
21% of the homes sold were off the market in 15 days or less- the best deals don’t last.
Distressed sales, short sales and foreclosures represented 17% of the market here in April, continuing a downward trend.
Can’t read the reports? Click the graphs to enlarge. The red line is months of inventory, measured on the right vertical.
Charlotte Real Estate Price Range Report | April 2013
Market softness remains in the highest price ranges, we had an April closing in Southpark area for 1.325M, or 93% of list. 19% of Southpark area homes sold at or above their List price in April. Wow.
Charlotte Real Estate Zip Code Report | April 2013
Geographically, as each ring from the city, measured in bands that are a mile or tw0 wide, we see inventory grow as the market rebuilds from the center out, and from lower prices to high.
Months of Inventory | Buyer/Seller Market Key
*All statistics are courtesy of the Carolina MLS. We use a slightly adjusted coreGreater Charlotte Area so our numbers may differ from the CMLS’s larger area.
Staying on top of the market is just one part of our job, but all real estate is local, if you are a buyer, know that we know prices! And we do the research. If you are a home Seller? Anyone can tell you where the market has been, but where is your neighborhood’s market going?
We are also part of the MetLife relocation team.
Sellers, the McDonald Group + Wilkinson + ERA Relo = More Eyes on Your Home. Call us today to get started- 704-351-1519
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- March 2013 Market Report
- February 2013 Market Report
- January 2013 Market Report
- December 2012 Market Report
* All statistics for this report were derived from the Carolina MLS.