Charlotte NC homes for sale in December for the Charlotte-Gastonia-Rock Hill Metro Area numbered 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 sales price at the same time last year. The average amount of time on the residential market for Charlotte real estate is 5.06 months.
While these numbers are only incremental improvements in the Charlotte real estate market, the steady (and very encouraging!) decrease in the average time on the market tells me the demand for housing is becoming not just wider, but deeper. As inventory continues to drop, demand for new construction will inevitably follow.
And again, the average sales price continues to dip. Yes, that’s good for new buyers and investors. And it tells us that market corrections are underway – in the long run, that will be good for everyone.
When you factor in the news that employment in the Charlotte region is expected to grow 2 percent this year, faster than the national average, reasons for optimism are growing.