According to a recent report by the Charlotte Regional Realtor® Association, residential real estate activity for August 2012 continues the good news from the previous month of July: home sales closings have gone up again in Charlotte. Along with that, home sale prices have also increased to an average of $207,380. Strong Gains Seven Months Straight
Strong gains in new home sales and new home prices last month were preceded by steady gains over the last several months. Although average list prices have taken a slight dip, sellers are now receiving more of their asking price, which is up a staggering 89.7 percent from last July. With six months ahead of it, August makes the seventh straight month of gainful real estate activity in Charlotte, North Carolina.
August also saw homes spending fewer days on the market from listing to close, decreasing two weeks compared to 2011. Distressed foreclosure properties, which tend to sell fastest, actually decreased, with the number of active foreclosures at its lowest level since January 2008. However, they also saw the largest year-over-year median price gain of 6.7 percent. The number of active short sales was also at its lowest level since April 2009.
A Popular Destination for Relocation
Charlotte is fast rising in relocations, welcoming transplants by the hundreds. Baby boomers, retirees, young tech-savvy hipsters and green energy professionals are moving into the southern city for work, creating an increased demand to buy new homes in Charlotte. That fact, combined with historically low interest rates, affordable home prices, and being a great overall place to live, Charlotte becomes pretty irresistible to new home buyers looking for a home in the Carolinas.
True Homes is the largest home builder in Charlotte, North Carolina, with new communities in Charleston, South Carolina. For more information on building your True dream home, visit www.truehomesusa.com or contact us at 704-937-2307.
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