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!
**Tell us what you would like to know about the Charlotte or Lake Norman real estate market. Do you find the information shared useful? We are always adjusting to ensure we are providing you with the best information in the best format. Changes coming 🙂 **
Charlotte Real Estate Market Update Report – January 2016