The average closing price for the Charlotte metro area was $196,204 for the month of October, 2009, which is down approximately 9.5% compared to the average closing price in October 2008. Average days from listing date to closing date was 140.7 in October, 2009.
There were 2210 total closed residential units in October 2009, up 16.4%, compared to 2008. The bulk of homes sales continues to be in the lower price ranges, with 89% of sales in the $350,000 and under category. The extension of the $8000 First Time Home Buyer credit until June 2010 will likely continue this trend.
The new tax credit bill also provides a $6500 credit to home owners who purchase a new primary residence – provided they meet income level requirements. This new addendum to the bill will likely increase home sales in the “move up” category, and perhaps raise the average home sale price for the Charlotte metro area.
Click below to see November 2009 Charlotte Real Estate Market Activity:
Melissa was an absolute pleasure to work with! She is extremely knowledgeable about all aspects of the real estate market, from staging a house to comparable pricing in the neighborhood. She is very professional and especially articulate in dealing with the often difficult and ignorant sellers (myself included!), whom I’m sure make her job more difficult than necessary.
Leave a comment
RSS feed for comments on this post. TrackBack URL