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How's The Market

Every Saturday 5 PM - 6 PM on Newstalk 1110 AM WBT

“How’s the Market.” Real Estate. Real Answers. Host Nancy Braun, the owner of Showcase Realty has developed an amazing show covering current real estate topics and developments that actually make sense and matter to you. The “How’s The Market” Podcast offers valuable insights, tips and advice from the top industry leaders. From investment strategies to personal home buying needs and everything in between, Nancy is here to empower you! With inside secrets and with her unique perspective that lead Nancy to be ranked 12th in the nation by The Wall Street Journal and Real Trends, you’ll know what’s going on before anyone else.

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Under the hood | Charlotte Real Estate Market Update

Just like changing your oil every 3,000 miles, we monitor our market daily to guarantee our clients the best possible experience.

 

Charlotte Days On Market By Month

  • February 2014

    137Average Days On Market
  • February 2013

    151Average Days On Market
  • February 2012

    162Average Days On Market
  • February 2011

    159Average 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

    174250K
  • February 2013 - $160.000

    160000K
  • February 2012 - $152,642

    152642K
  • February 2011 - $155,000

    155000K

"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

    5Months
  • Feb 2013 - 7.6

    7Months
  • Feb 2012 - 11.6

    11Months
  • Feb 2011 - 13.4

    13Months

"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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