Charlotte NC Market Analysis, July 2009

Charlotte NC Market Analysis, July 2009

As a member of the Charlotte Chamber of Commerce, my team is privy to early news releases about the city of Charlotte and plans to expand local businesses, which reflects directly upon the Charlotte NC housing market. Combined with data from our CMLS, the local economy appears to be on the rise again.

The first two quarters of 2009 showed Mecklenburg County Charlotte NC expanding 7,316 jobs which was a 15% year-over-year increase from 2008. Home sales prices rose to the low $200's ($218,728) by the end of the second quarter as well. Although the vast majority (74%) of homes sold in the Charlotte NC area during the month of June were in the 'under $250K' price range, other price ranges which were slower to respond to the economic downturn in previous months, are showing movement.

Homes sold in the 'under $250K' price range reflect a large number of first-time home buyers who are taking advantage of the $8,000 Federal Tax Credit for First Time Home Buyers here in Charlotte. The graph below also indicates that with the increase in sales of the average-priced homes in Charlotte NC, first- and second-time home sellers were able to move up; this statistic was reflected in the movement of the higher priced homes in the Charlotte NC area as per CMLS data below.

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.



About the author:

Debe Maxwell is a Charlotte Residential Real Estate Broker, Certified Neighborhood & Relocation Specialist, ABR & e-PRO who can assist you with the purchase and/or sale of real estate in the Charlotte NC Metro Area. If you're relocating to or from any other area of the country, Debe connects you with any member of her team of relocation professionals in your destination or exit city of choice. The destination service is of no cost to you! The Maxwell House Group's quality service guarantee puts this team far ahead of the competition; providing unsurpassed customer service is their #1 priority! Debe Maxwell -- Helen Adams Realty -- 704.491.3310

Disclaimer: All information provided by this author is strictly an opinion, is not guaranteed, may be based on information collected from several sources, which may or may not be deemed reliable at the time of researching this article and may be time sensitive.

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