See on Scoop.it – Charlotte Real Estate
Charlotte-area home sales soared 40.4 percent in January compared with the previous year, according to the latest data from the Charlotte Regional Realtor Association.
Debe Maxwell www.iCharlotteRealEstate.com‘s insight:
“With inventory decreasing and new listings down, we are seeing continued upward pressure on prices. We are a couple of months ahead of the selling season and it’s a good time for sellers to prep homes for listing, keeping in mind that the property still needs to be realistically priced for what the market will bear.”
Homes took an average 155 days to sell, down 10 days from January 2012.
Our supply is also at a 5-year low at 3.5 months…definitely a sellers’ market with incredibly low inventory.
See on www.charlotteobserver.com