Charlotte’s Real Estate Market – December 2013

c291933_sCharlotte’s Surging Real Estate Market to See Gains in the New Year!

According to the Charlotte Business Journal, home sales and closings will continue to climb (as the have been) in the New Year! According to the year-to-date numbers as of October for the Charlotte/Gastonia/Rock Hill metro area, residential real estate has maintained a healthy increase as compared with this same time frame in 2012. There has been a 27.7% increase in closings to 23,247 from 18,203. A 6.9% rise in the average sale price to $227,165 from $212,518 a year ago. An 8% rise in the median home sale price to 175,000 from $162,000. 107 is the cumulative number of days that it takes for a home to sell in the Charlotte MLS, down from 136 in in 2012. And last but not least, there has been a 12% increase in new listings to 34,765 from 31,033 last year. This data (AND GOOD NEWS) is courtesy of the Charlotte Regional Realtors Association.

Are you searching for a home for sale in SouthPark? Look at some of these great listings and give me a call if you see one you like!