Charlotte NC Real Estate Market Report - December 2009
The Charlotte NC housing market continues to show a slow but, steady improvement. December sales continue to be primarily in the $250K and under market, allowing our second-time home buyers to move up as well.
Charlotte's local economy also appears to continue the recovery trend that began in Q2, 2009. Mecklenburg County Charlotte NC expanded 11,500 jobs which was a 15% year-over-year increase from 2008. This, during the worst recession in many years, is nothing short of commendable! FORTUNE Small Business Magazine named Charlotte NC the 7th best place to launch a business due to our stabalizing local economy incuding improvement in jobless rate. This is demonstrated by several companies in recent months making the decision to headquarter or expand their businesses in Charlotte NC including Electrolux, Premier Global Healthcare, Tolt Service Group, NACA, Zenta and Albert's Organics among others.
The $8,000 Federal Tax Credit for First Time Home Buyers has been extended, with an added incentive for current homeowners. The increase in sales of the average-priced homes in Charlotte NC , is indicative of the surge in first-time home buyers, affording first- and second-time home sellers the ability to move up (as per the Charlotte NC MLS data here).
Average Days from Contract to Close
Charlotte NC Home Sales
Should you be searching for or selling a home in the Charlotte NC area, we would love to assist you. Our team has many years of experience in the area to share with you and would be happy to assist you with your Charlotte NC real estate needs.
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