Charlotte NC Real Estate Market - June 2010
Data from the Charlotte Regional Realtor Association reveals that the Charlotte NC Real Estate market in June 2010 has slowed a bit since the expiration of the home buyer tax credit. Although mortgage rates remain at historic lows and inventory remains high, Charlotte NC Buyers are not rushing to purchase a home with the pace set in the spring when buyers were attempting to qualify for the tax credit.
It's still a great time to buy a Charlotte NC home! Buyers waiting for the Charlotte Real Estate market to bottom out may miss out on some great deals and INCREDIBLE mortgage rates! Sellers are anxiously awaiting offers, and are typically ready to negotiate when an offer comes in!
Here is a look at the Charlotte Real Estate Market in June 2010:
As you can see, the average sales price of Charlotte NC homes climbed to $215,559 in June, 2010, up 1.46% from May, 2010. However, the average sales price in June 2010 was slightly down from the average price a year ago of $218,728.
The number of contracts reported in June, 2010 is down 8.69% to 1,880 contracts - a predictor of future sales.
The number of actual closings in June 2010 fell 8.4% from the May 2010 numbers, but the days on market average also fell by 1.29% in June.
To help give you a better perspective of the Charlotte NC Real Estate Market over time, I have prepared the chart below, which tracks Charlotte NC real estate market data back to February, 2009: