Once again, the dominating factor shaping the Charlotte real estate market is the rapid and unprecedented decline in the inventory of homes. Consider: Last month, inventory dropped by 18.7% from last year, and in Februrary, we saw a decrease of 28.9%. As of April 30, the number of home on the market in the Charlotte-Gastonia-Rock…
The whole story of Charlotte real estate is in one number this month, and that’s the inventory of homes for sale. It’s only 19,633 as of 3/31/2013, a drop of 18.7% from last year at this time. Last month we saw a decrease of 28.9% decrease from last year. This is what we call a…
Before I pass on the great news, I thought I’d review my archived Charlotte Real Estate Market Reports for a bird’s eye perspective. I realized that it was in August, 2011 that I first reported on what I then called our “sputtering recovery” from the 2008 drop. Since that time, improvement in the Charlotte real…
The evidence couldn’t be clearer – the Charlotte real estate market has roared back to life, and is not only proving it’s alive and kicking, but showing strong signs of continued vitality into the future. The trends are unmistakable. The number of homes in the Charlotte-Gastonia-Rock Hill NC/SC Metro Area was 13,415 as of 12/31/2012…
While we’ve been enjoying the steady improvement in the Charlotte real estate market, we have also been reminding our readers that sustained, authentic recovery from the doldrums of 2008 required positive growth in other markets as well. As we’ve been saying for some time now, folks in New York and California will have a tough…
The numbers echo what you can’t help but notice as you drive around town – Charlotte real estate has bounced back. The latest report from the Charlotte Regional Realtor Association notes that 14,218 homes are on the market, reflecting a 27.5% drop in existing inventory! As inventory drops, the increasing demand pushes up prices. No…
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