January 17, 2018

December 2017 Charlotte Real Estate Market Conditions

By Julie Tuggle

As of December 31, 2017, the inventory of homes for sale came in at 1,631 homes, compared to 2,165 for December, 2016. That’s a drop of 534 units, representing a decrease of 24.7%. The number of months supply of homes for sale declined from 1.6 to 1.2, a loss of 25%. Further confirmation of a relentless seller’s market is evident in the percent of original list price received, which was 96.9% last December, but has now climbed to 97.4%, a gain of .5%. The current median sales price of $233,000 represents a whopping $34,500 increase from December, 2016, a gain of 17.4%.

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Carolina Buyer's Agent Julie Tuggle

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