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Charlotte Days On Market By Month

February 2014 – 137 Average Days On Market

February 2013 – 151 Average Days On Market

February 2012 – 162 Average Days On Market

February 2011 – 159 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

February 2014 – $174.250

February 2013 – $160.000

February 2012 – $152,642

February 2011 – $155,000

“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)

Feb 2014 – 5.6 – 5 Months

Feb 2013 – 7.6 – 7 Months

Feb 2012 – 11.6 – 11 Months

Feb 2011 – 13.4 - 13 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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