There is an article in the Charlotte Business Journal from the Charlotte Regional Realtors assocation that addresses the increased activity in the Third Quarter within the region. The results of 2012 over 2011 is quite amazing:
1.Median Sales 2011 = $210,000; 2012 = $207,250
2.% of asking price 2011 = 93%; 2012 = 95%
3.Median Days on Market 2011 = 137; 2012 = 90
4.Units Closed 2011 = 37; 2012 = 64
5.$ sq ft 2011 = $213; 2012 = $221
The article was intimating that we are now in a sellers market. While I would not go that far, it is clear that activity has increased by 42% and prices are rising. Inventory remains near 10 year lows, interest rates remain under 3.5%, all systems are go.
If you are considering listing your property, please call me (704) 236-7119 and I will do a full analysis for you.
The time might be right.
Friday, November 9, 2012
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