Home sales are at their highest level in nine years according to a recent report from the National Association of Realtors. The Pending Home Sales Index, a measure of contract signings between buyer and seller, is a leading indicator of completed sales over the next few months. The index has been rising every month in… [Read More]
What Home Depot Sales Say About Charlotte’s Real Estate Market
A recent Bloomberg article about Home Depot’s success is relevant to the Charlotte residential real estate market in a number of ways. In fact, one might assert that, “As Home Depot goes, so goes real estate.” If sales at the home improvement behemoth are a barometer for the housing market, the outlook is certainly upbeat.
Charlotte Real Estate Trends for April 2015
The recovery in Charlotte residential real estate values appeared first among one-bedroom and two-bedroom homes. Now, larger homes, like those with four bedrooms, are also seeing higher selling prices.
Charlotte Real Estate Trends for March 2015
What will the active Spring real estate season bring to Charlotte-area buyers and sellers? If the month of March is predictive in any way, slowly rising prices and a need for more inventory may lie ahead.
Mecklenburg County Surpasses 1 Million Mark
Mecklenburg County, North Carolina, formed November 6, 1762, is happy to boast that the numbers in the 2014 census reported that it officially became the state’s first county to surpass a population of one million residents. The new census data was released on March 26, 2015, and showed the county’s total population as 1.01 million,… [Read More]
Charlotte Real Estate Trends for February 2015
The end of the winter season is finally in sight. In terms of price appreciation, Charlotte’s residential real estate market continues its brief, seasonal hibernation. Median home prices continue to level off. For example, Trulia reports that the median selling price for a Charlotte home for the three-month period ending February 15 was $184,000. Although… [Read More]