On all fronts, the single family real estate activity for early fall of 2009 in the SSW Charlotte NC region is HIGHER than the same months a year ago. While this means that September and October 2009 have seen more under contract and successfully sold real estate activity than a year earlier, the level of new real estate listings is also higher.
After a 13 month peak for under contract activity (June 2009) and sold activity (August 2009), the most recent trend in the SSW Charlotte NC real estate market has been a gradual decline in the amount of real estate sales. At the same time under contract and sold activity has been softening, new listings have been on the rise which is an indication that there are and will continue to be a fair amount of available homes for sale.
For the most recent breakdown of real estate activity and real estate inventory by price range – Real Estate Market in SSW Charlotte NC November 2009.
Over the past year the average sales prices for homes in the SSW Charlotte NC region have remained primarily around the $250,000 mark and in recent months have remained relatively consistent from the upper $230’s to $250’s.
Since October 2008, average real estate sales prices for single family homes in the SSW Charlotte NC region have ranged from a low of $213,379 in November 2008 to a peak of $287,117 in June 2009.
The average days on market for successfully sold SSW Charlotte NC real estate listings has been on the rise again in recent months to an average of 95 days on market for SSW Charlotte NC real estate listings that closed in October 2009.
* Days on market only reflects the length of time for the successfully sold real estate listing, any prior listing or withdrawn/expired activity is NOT included so for any specific situation further analysis is always required.
Finally, the sales price compared to list price ratio for sold SSW Charlotte NC real estate remains right around 95% and since March of 2009 has remained over 94%.
* That peak in January 2009 was an anomaly due to an outlier which was an auction real estate listing that sold for significantly more than the starting bid.
The ratio of sales price to list price only takes into account the FINAL list price for sold real estate listings so as with days on market, further analysis is always required when applying recent activity to any specific home or available Charlotte NC real estate listing.
To set up a consultation (via phone or in person), for any questions you may have about buying or selling a home in Charlotte NC and how current real estate market conditions may relate to you, contact us.
South/Southwest Charlotte NC (mls area 6) includes the areas of Dilworth, South End, numerous neighborhoods between Park Rd and I-77 (including the South Blvd light rail line), and extends into the town of Pineville NC.
The South/Southwest Charlotte NC area neighborhoods and areas include Dilworth, Wilmore, Madison Park, Sedgefield, Collins Park, Montclaire, Starmount, Huntingtowne Farms, Park Crossing, as well as Woodside Falls, Bridlestone, Danby in the town of Pineville NC.
Related Articles: Charlotte NC Real Estate Market Reports
Copyright©2009 by Diane McDermott, All Rights Reserved, “Monthly Real Estate Activity in SSW Charlotte NC October 2008 through October 2009″
*Data and statistics based on Area 6 single family information from Carolina Multiple Listing Service Inc. Information deemed reliable but not guaranteed.