Charlotte NC Real Estate Report – December 2016

It’s easy to summarize Charlotte real estate for 2016, because every month was pretty much like the others. Overall, the inventory of homes for sale dropped, the number of days on the market shrank, while the economy surged. All of which added up to an energetic housing market that’s still going strong.

Usually, we see the outgoing year pictured as a weary old man passing the torch on to a baby representing the New Year. But as we look at the end-of-year results for Charlotte homes, the old man looks like he’s not slowing down one bit.

Runner

Just look at December’s numbers and you’ll see what’s keeping him going. As of 12-31-2016, the number of homes for sale plummeted to 8,747, a decrease of 25.7% from December 2015. No surprise that the average sales price of a Charlotte home grew by $19,560, or 8.2%, from last year to $258,108. The percent of original list price received, 95.8%, nudged up by .7% from last December, and the number of days from list to close shrank by 8.4% to 109 days.

Clearly, the sellers’ market we’ve seen all year is still very much alive and kicking, a trend we can expect to see continue well into 2017.

About jptuggle


My name is Julie Tuggle, broker/owner of Carolina Buyer’s Agent in Charlotte, NC. After four years working for a traditional broker, I saw the need for a firm that would represent buyers best interests only on any home for sale in the Charlotte area, including For-Sale-By-Owner homes, so I opened Carolina Buyer’s Agent in 1998. Carolina Buyer’s Agent specializes in buyer representation only, giving buyers the negotiating advantage throughout the home purchase process. We’re one of the only real estate firms in the Charlotte area that doesn’t take listings or represent sellers, so you’ll never have to worry about the risk of “dual or designated agency” – the conflict of interest that exists when your agent’s company is also representing the best interests of the seller on the home you want to buy.

Visit our web site, www.carolinabuyersagent.com , for more information about working with an exclusive buyer agent when you’re ready to start thinking about purchasing a home. From there, you can search for MLS-listed homes and for-sale-by-owner homes, too. We’ll also explain the legal difference between a dual agent and an exclusive buyer’s agent so you can make the right decision on one of the most important investments you’ll ever own. Search for Charlotte real estate including for-sale-by-owner homes, and find Charlotte school and community information at http://carolinabuyersagent.com/ . I’m a non-smoker and my hobbies are tennis, gardening and of course, investing in real estate!