Below you will find the Charlotte Real Estate Monthly Indicators Report Jan 2016 report provided by the Charlotte Regional Realtor® Association.

Summary:

Inventory remains low – 3 months supply overall but note that Lake Norman is a bit higher at 5 months supply
Median sales price continues to rise, as a result of the low inventory (multiple offers driving some of this)
Closed sales are down overall, but show an increase in Lake Norman & Davidson

It is very important to understand a hyper-local market activity when buying or selling a home. Don’t worry, that’s what I’m here for!

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