It Is Alive!

The Charlotte Business Journal is reporting signs of life in our housing market. Good signs indeed. The average sales price is up and closings are up. Anecdotal experiences form agents indicate we are coming back to life...showings are up and buyers are writing offers. Click here for the complete story.

Charlotte housing data shows monthly gains
Charlotte Business Journal

The number of residential real estate closings in the Charlotte region grew 24 percent in March from February, according to the Charlotte Regional Realtor Association.

The average sales price increased 4.7 percent.

There were 1,671 closings in March, up from 1,348 in February. The average sales price rose to $191,433 from $182,865 in the same period...

Home Prices Still Rising

As I watched CNN yesterday I heard the news presenter state that Charlotte is the only real estate market in the U.S. which is still rising. The Charlotte Observer agrees in this story. We have been spared big losses which many cities have experienced. Our local economy is still good and our unemployment numbers are good as well. The reality is it is a better time to buy than to sell but our housing market is stable.

The Charlotte region notched its third month Tuesday as the only one of 20 urban markets nationwide still showing rising home prices.

Area prices rose a little less than 1 percent for the 12 months through March, according to the widely followed S&P/Case-Shiller Home Price Index. That's less of an increase than in previous months but compares favorably with a 14 percent national decline on what is often a person's largest investment.