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Charlotte Market Up With the Tide!

February 26th, 2013 Listed Under: Charlotte Homes for Sale

If a rising tide lifts all boats, then the 4th quarter of 2012 was a major tide, a full moon tide as sales and prices increased dramtically, and inventory fell to the lowest levels since 1999.

Fueled by historic low rates, 40 year low rates, and pent up demand nationally January Sales were up 9.1% over January, 2012. Median Prices were up 12.3% as well, and up for the 11th consecutive month proving some staying power.

Inventories are down 23% to their lowest levels since Spring 2005.

Distressed sales accounted for 35% of sales in January of 2012, and fell to 23% in January, 2013.  Daays on market fell as well from 99 days to 71 days  in January,2013.  1/3 were on the market for under 30 days too!

Terry McDonald
I'm the owner/team leader of The McDonald Group at Wilkinson and Associates ERA Powered real estate brokers here in Charlotte NC. A transplanted Washinghtonian, my family and I came from the NYC area in 1993.
Terry McDonald
Terry McDonald

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The McDonald Group
Wilkinson and Associates ERA Powered
8604 Cliff Cameron Dr ST 110
Charlotte NC 28269
704-390-6221 Cell
704-393-0048 Office
Licensed in NC & SC
USAA Certified
ERA Luxury Home Certified

Charlotte Communities Online

Terry McDonald [email protected]   704-351-1519

Bobby McDonald [email protected] 704-351-1519