"Typically, home price per square foot in Charlotte tend to fall in October. And the most recent data shows that the price per square foot decreased by 0.2% compared with the month before. So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.8%, which means price changes in the Queen City are smaller the national market."
"In October, there were 3,099 homes for sale in Charlotte, which was 2.4% more than the month before and 34.7% more than the same time last year. Meanwhile, active inventory across the nation remained practically unchanged from last month to 1,100,001. The number of new listings in Charlotte was 1,198, which was 5.4% less than the month before and 10.1% more than the same time last year. Homes in Charlotte take an average of 56 days to sell, according to October figures."
Charlotte's median listing price rose to $444,975 in October. The number of listings increased 2.4% month-over-month, a smaller seasonal rise than typical, and inventory was 34.7% higher year-over-year. Price per square foot in Charlotte decreased 0.2% month-over-month, versus a 0.8% national decline. New listings in Charlotte numbered 1,198, down 5.4% from the prior month but up 10.1% year-over-year. Homes in Charlotte averaged 56 days on market, one day faster than the previous month and eight days slower than the same month last year. Nationally, active inventory remained nearly unchanged and average days on market was 63 in October.
Read at SFGATE
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