The housing market is not getting any better in the Charlotte area. The Charlotte Regional Realtors Association reported that for July 2008 the average days on the market for homes was 121+ days for 39% of the homes, and only 26% closed in less than 60 days. The closings were down 29.8% from the same period last year, and average closing price was down 3.8%. Out of the 30,907 home on the market only 2721 closed. The majority of those homes (1927) were under 250,000.
If you are considering selling your home there are three things that determine how fast it sells; Price, Location, and Condition, with Price being the most critical.
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