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CHARLOTTE DAYS ON MARKET BY MONTH

February 2015 - 99 Average Days on the Market
February 2014 - 112 Average Days on the Market
February 2013 - 120 Average Days on the Market
February 2012 - 137 Average Days on the Market
February 2011 - 138 Average Days on the Market

“Days on the Market”

This simply means the average amount of time it takes to sell a home from start to close in the current market.

CHARLOTTE MEDIAN SALES PRICE BY MONTH

February 2015 - 50
February 2014 - 68
February 2013 - 65
February 2012 - 70
February 2011 - 88

“Median Sales Price”

Think of the median price as a more accurate average price. This is the price that homes are generally selling for, indicating if home prices are falling or rising.

CHARLOTTE MONTHS SUPPLY (INVENTORY)

February 2015 - 8 Months
February 2014 - 9 Months
February 2013 - 8 Months
February 2012 -10 Months
February 2011 -15 Months

“Months Supply”

This is used to determine the type of market we are in. Generally a 5-6 is considered balanced where anything above 5-6 favors buyers and anything below favors sellers.

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