Real Estate Market in SSW Charlotte NC January 2010

January 29, 2010 · Print This Article

As of January 29, 2010 there are 365 available single family real estate listings with list prices ranging from $39,900 to $2.95 million.

The average list price for the available single family real estate listings in SSW Charlotte NC is currently $282,152.

For the SSW Charlotte region, the overall single family real estate inventory is now at an 8.6 month supply of homes for sale. In the past month the level of available homes for sale has been increasing in the SSW Charlotte NC region. This has pushed the current regional real estate supply farther OVER balanced real estate market conditions.

The majority of available single family real estate listings are located in the $100,000, $200,000 and $300,000 price ranges. Those three price ranges actually have 84% of the available SSW Charlotte NC homes for sale right now.

Current real estate inventory levels broken down by price range for the SSW Charlotte NC real estate market show very low inventory below $100,000, then a sharp rise in supply from $200,000 to the $400,000 range.

Based on the amount of recently sold homes compared to the number of available real estate listings, the $500,000 and $900,000 price points are right at or just below balanced levels.

However….for the SSW Charlotte region as a whole and for the majority of price points, available real estate supply continues to exceed the recent demand.

For a monthly history of SSW Charlotte NC real estate sales activity - Real Estate Sales Activity History for Single Family Real Estate in SSW Charlotte NC

South,Southwest Charlotte NC (mls area 6) includes the areas of Dilworth, South End, numerous neighborhoods between Park Rd and I-77 (including the South Blvd light rail line), and extends into the town of Pineville NC.

The South/Southwest Charlotte NC area neighborhoods and areas include Dilworth, Wilmore, Madison Park, Sedgefield, Collins Park, Montclaire, Starmount, Huntingtowne Farms, Park Crossing, as well as Woodside Falls, Bridlestone, Danby in the town of Pineville NC.

Related Articles: Charlotte NC Real Estate Market Reports

*Data and statistics based on Area 6 single family information from Carolina Multiple Listing Service Inc. Information deemed reliable but not guaranteed.

Written by Diane McDermott