The story has remained consistent as concerns residential real estate. In year-over-year comparisons, the number of homes for sale has been fewer in most communities. Meanwhile, homes are selling in fewer days and for higher prices. This hasn’t always been the case, but it has occurred with enough regularity and for enough time to make it a trend for the entirety of 2016.
New Listings were up in the Charlotte region 9.8 percent to 3,367. Pending Sales increased 27.0 percent to 3,382. Inventory shrank 24.9 percent to 9,770 units.
All data from CarolinaMLS. Report provided by the Charlotte Regional REALTOR® Association