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Charlotte Days On Market By Month

August 2014 – 72 Average Days On Market

August 2013 – 94 Average Days On Market

August 2012 – 125 Average Days On Market

August 2011 – 154 Average Days On Market

“Days on 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

August 2014 – $195,000

August 2013 – $184,700

August 2012 – $166,200

August 2011 – $150,500

“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)

August 2014 – 6 Months

August 2013 – 3 Months

August 2012 – 4 Months

August 2011 – 7 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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