Charlotte Home Prices Rise 6.6% in May

“Charlotte-area home prices rose 6.6 percent in May from the same month a year ago, as the pace of annual gains nationwide continues to slow, according to a report released Tuesday.”

Home prices in Charlotte have (hopefully) stabilized a bit with Charlotte remaining in a strong seller’s market. Single family home inventory in Charlotte is at a 10-year low with a 3.9 month supply and condo/townhome inventory, also at a 10-year low with a 3.8 month supply.

Single family inventory – click on the interactive graph below to compare the 10-year data. Today’s inventory is at a 3.9 month supply for single family homes.

10-year interactive graph, displaying the latest inventory data for condos and townhomes in Charlotte – currently a 3.8 month supply.

Data above provided by CMLS, deemed reliable but, not guaranteed.

Searching for homes in the Charlotte area, visit Charlotte’s hottest home search tool, FindHomesInCharlotte.com. You’ll find up-to-the-minute data unlike any of the national sites. This has proven to be a great tool for our clients to find homes, sometimes 24 hours before buyers using the national syndicated sites find them – beating others to the table with an Offer and avoiding bidding wars! It’s a must-use if you’re a Charlotte home buyer!

And if you find yourself in a multiple Offer situation – we’ll be the perfect team – we WIN bidding wars!

Source: www.charlotteobserver.com

Debe Maxwell, CRS, Realtor®/Broker
The Maxwell House Group. Real Estate
14825 Ballantyne Village Way, Suite 165
Charlotte, NC 28277
Mobile: (704) 491-3310
Fax: (704) 353-7014