The June market for Charlotte area residential real estate heated up just like the early summer temperatures. Sellers could kick back and enjoy their iced tea and lemonade as their properties often sold quickly and at desirable prices.
New Listings were up in the Charlotte region 7.7 percent to 5,579. Pending Sales increased 19.3 percent to 4,763. Inventory shrank 23.3 percent to 11,145 units. Prices moved higher as Median Sales Price was up 8.1 percent to $225,000. Months Supply of Homes for Sale was down 31.8 percent to 3.0 months, indicating that demand... [Read More]