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December 6, 2009
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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Charlotte, North Carolina

Reported by Ann Marie Burke, REALTOR, ABR

Updated October 2, 2009.

Current Market Rating: 1



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Buyer's

Seller's

Current Price Trend: 3




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Falling

Rising

Things have improved somewhat in the last several months. Homes sales have been averaging about 800 per month, whereas for the first half of the year it was more about 600 per month. With 6,831 homes on the market, there is about an 8 1/2 month supply of inventory given the rate of sales. Therefore it is still a buyers market, but the price per square foot sold is up. Prices on closed sales has been as low as $95.00 this year and is now $105 per square foot on average.


Location Characteristics: The city of Charlotte has a population of over 600,000 and is located in an MSA of 1.5 million people. The city is in Mecklenburg county which also includes the suburbs of Pineville, Matthews, Huntersville, Cornelius and Davidson. This report is for all of Mecklenburg County. The cost of living is below the national average and it is a growing area. We are known as the 2nd largest banking center in the country, and are known for our pleasant weather. Situated between the mountains and the coast, it's a great place to live!

For More Information:

View Market Conditions of other areas served by Ann Marie Burke

Navigate: Top > North Carolina > Charlotte

About Ann Marie Burke:
Hi! I'm Ann Marie Burke, a devoted wife, mother and REAL ESTATE AGENT! I've lived in Charlotte all my life and have been in Real Estate 7 years. I live in-town, and my office is in the Southpark area. But, I have family all over- from Lake Norman to Lake Wylie to Union County. If you are planning to buy, or sell a home in or around Charlotte, trust that I know the area and can help you get the most home for your money, or money for your home if you are selling.

Other agents have told me they don't know anyone who works harder for their clients. I have been very successful in real estate (I am a Top Producer every year) and really believe there are 2 reasons I have done so well-Coldwell Banker has great programs in place to help me sell homes and I work hard for my buyers and sellers in all price ranges.



These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.




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