Quietly, the market has been shifting. Hidden below the headlines of foreclosures and debt debates, is the reality that the market is improving. Buyers are starting to find that getting a "good deal" is harder to find and that there are less homes available because the reality is that there are less homes on the market. There are good deals that pop up, sure. There is still some level of supply of foreclosures but it seems that the market has stabilized on some level. It's the first good news for home owners that we've seen in a while. Less supply means that prices SHOULD stabilize if buyers keep purchasing. Eventually the tide will turn on buyers who are sitting on the sidelines. When momentum returns to the housing market, buyers won't know it until the best deals are gone.
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Charlotte Single Family Homes
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| |
6/1/2011
|
9/9/2011
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% Change
|
|
Active
|
4,888
|
4,319
|
-12%
|
|
Prior 90 Day Sales
|
1,766
|
1,902
|
8%
|
|
Withdrawn/Expired
Last 90 Days
|
1,808
|
2014
|
11%
|
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New Listings in Last 90 Days
|
|
2,466
|
|
|
Sold YTD
|
|
4795
|
|
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Months Supply
|
|
8.1
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|
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Charlotte Condo Stats
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| |
6/1/2011
|
9/9/2011
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% Change
|
|
Active
|
1,748
|
1,501
|
-14%
|
|
Prior 90 Day Sales
|
454
|
494
|
9%
|
|
Withdrawn/Expired
Last 90 Days
|
649
|
764
|
18%
|
|
New Listings in Last 90 Days
|
|
786
|
|
|
Sold YTD
|
|
1,322
|
|
|
Months Supply
|
|
10.2
|
|
|
|
|
|
|
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