How is Charlotte’s Housing Market Doing?
Charlotte Housing Prices Continue to Hold, Even Though Lower Prices Remain
While interest rates are at an all time low, Charlotte continues to see homes listed for sale longer and prices continue to remain low but stable. With area home prices down anywhere from 8 to 15% over where we were in 2008 and area home sales down by 20 to 26% our market is continuing to feel the effects of a down market.
One saving grace in an otherwise concerning market is that we continue to see buyers out looking to get the home buyer tax credit of $8,000 and the expanded tax credit of $6,500 that now includes home buyers that have owned a home over the last 5 years. This extension expires on June 30th and a home must be under contract by April 30th. The timing is providing our area’s sellers with more opportunity to sell in the winter months than we would see without it.
Our data is showing that more buyers are out looking online and visiting our listed homes in the first few weeks of 2010 compared to 2008 and 2009! This will prove positive for buyers and sellers as we continue to move through this cold winter! If you have additional questions regarding our market or want a more focused market update contact Tiffany Johannes at (704) 837-0010 or tiffany@husbt.com.
Median Price Per Square Foot Holds Steady For Most…
Days On The Market Indicator Is Up For All Price Points…
Tags: Charlotte Home Buyers, Charlotte Home Sellers, Charlotte Home Values, Charlotte Market Trends, charlotte real estate
