Monday, May 10, 2010

Charlotte, NC Real Estate Snapshot – March 2010

Source: Carolina MLS per price range

Closed Units                 Price Range Active                 Listed Units

675                                  < 120K                            5,553

290                             120K - 150K                           3,192

277                             150K - 190K                           3,604

256                             190K - 250K                           3,825

184                             250K - 350k                            3,578

113                             350K - 500K                           2,717

89                               500K – 1M                              2,294

16                                 $1million+                               773

1,900                             TOTAL                               25,536

Remember, the federal tax credit expired at the end of April and units must close by the end of June. I will provide update statistics late this summer to appreciate differences and trends. The supply has stayed relatively constant and the absorption rate remains lackluster. How does your market compare?

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