Weekly Market Activity Report Charlotte, NC Region

Charlotte Weekly Activity Report

Sellers are finally starting to catch up with strong buyer demand, but at the
rate that homes are being snatched up, the influx of new listings will need to
be more than a short-term addition. Rising home prices, fewer days on market
and more homes being sold all support a positive public opinion about real
estate. The following local stats should shed invaluable quantitative support
for that warm fuzzy feeling residential real estate is handing out.
In the Charlotte region, for the week ending June 8:
• New Listings increased 4.1% to 1,096
• Pending Sales increased 18.2% to 872
• Inventory decreased 26.3% to 14,402
For the month of May:
• Median Sales Price increased 5.0% to $173,250
• List to Close decreased 7.0% to 138
• Percent of Original List Price Received increased 2.3% to 94.3%
• Months Supply of Inventory decreased 45.2% to 5.1