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February 11, 2012

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  CONDITIONS™
By Local Real Estate Experts  

These agents are in the field every day. Who knows the local housing market better than the people who work it on a regular basis? Click on the "MORE" link after each summary to find out more about each agent and their opinion of the Real Estate market for this community. Agents, click here to share your opinions of this market.


Market Conditions Summary for Charlotte, North Carolina


Reported by

Debbie Sloan
as of 2/6/2012:
If you are looking for a Charlotte REALTOR®, choose Debbie Sloan! As your Charlotte real estate agent, Debbie Sloan can assist you with all of your home buying and selling needs. We can provide you with access to the local listings database and... MORE->
About Debbie Sloan

Reported by

Rich Ferretti
as of 1/26/2012:
CHARLOTTE is experiencing a buyers market with prices trending downward. Average prices of existing homes range from 180k and 240K. According to the Wall Street Journal Charlotte NC along with Long Island NY have a 16 month inventory of... MORE->
About Rich Ferretti

Reported by

Julie P. Tuggle
as of 1/20/2012:
The number of Charlotte NC homes on the market for December in the Charlotte-Gastonia-Rock Hill Metro Area was 17,581 as of 12/31/2011. The average sales price was $190,564, or 90% of the list price, which is $3,582 or 1.8% lower than the average... MORE->
About Julie P. Tuggle

Reported by

Lisa Kosis & Ken Bloch
as of 1/3/2012:
Charlotte and the surrounding areas are a wonderful place to live. Close to the mountains and beaches it makes it a very desirable area. Our lakes and towns make a bold statement of the lifestyle that you would want to live. The median sales... MORE->
About Lisa Kosis & Ken Bloch

Reported by

Julia Bumgarner
as of 12/31/2011:
Charlotte neighborhoods boast gleaming, high-rise condos, stately turn-of-the-century Victorian homes, apartments, town homes and houses for singles and growing families as well as a healthy mix of affordable and subsidized housing. Feel free... MORE->

Reported by

Joye Baucom, ABR,CRS, GRI, SRES, e-PRO
as of 10/25/2011:
Statistics from our Multiple Listing Service for the year prior to October depict Charlotte having 11.2 months supply of homes (-10.8%) with 7,737 active listings (-16.8%). 8,446 homes (-5.1%) have closed in the past 12 months. The Charlotte region... MORE->
About Joye Baucom, ABR,CRS, GRI, SRES, e-PRO

Reported by
MelissaBrown
as of 1/7/2012:
Average sales prices are down 10.3% from November of 2010, and down 1.2% from last month, October 2011. The number of closings increased 8.7% from November 2010, but decreased 10.4% from October 2011 (last month). More desirable pockets of Charlotte... MORE->

Reported by
Melissa Brown
as of 11/5/2011:
Number of closed home sales have increase significantly in Charlotte over the past year; however, the current average sales price ($196,000) is less than the average sales price a year ago... MORE->

Reported by
Toni Henry
as of 3/7/2011:
With the Unemployment rate dropping below 10% all the way to 8.9%; we are seeing buyers jumping off the fence. Sellers are willing to take a loss or an even swap on their house to take advantage of "moving up" and the interest rates. Our sales board... MORE->

Reported by
DeCarlous E. Sims
as of 3/2/2010:
Due to the state of the economy nationally, the real estate market in Charlotte, NC is a strong buyer's market for those that are able to qualify for a mortgage. Since the guidelines for obtaining a mortgage have been tightened, the number of those... MORE->


Average Current Market Rating: 1.4    (10 ratings)




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Buyer's Market

Seller's Market

Average Current Price Trend: 2.2    (10 ratings)




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Falling

Rising

Navigate: Top > North Carolina > Charlotte
Ballantyne - Blakeney - Cotswold - Dilworth - Elizabeth - Myers Park - Providence Plantation - Sedgefield - South Charlotte - Southeast Charlotte - Southwest Charlotte - Uptown Charlotte


Note: A strong Buyer's Market does not necessarily mean that it is not a good time to sell your home. Likewise, a strong Seller's Market does not necessarily mean it is a bad time to buy a home. We suggest contacting one of the Real Estate Professionals on this page for advice.

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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