Just under 1,300 homes sold in Carolina MLS in September. That’s just over half as many as the 2,550 that sold in June, and about 350 (~20%) fewer than in August. For a little statistical fun (or just if you are in too good a mood today), compare to June, 2007, when a whopping 4,200 homes sold in Carolina MLS! Crazy!
But as we’ve pointed out before, while our activity has markedly dropped over the past couple of years, prices have been relatively stable.
September saw a bit of a dip in price, with the average home going for about $206k, about 6% less than in August. But consider at the market peak in 2007, the average home sold only went for about $230k, so even a bad September is still only about 10% off the peak. And overall, 2010 is still better than 2009 in both activity AND price.
So as we’ve pointed out for several months, 2009 really, REALLY looks like a bottom! If this trend holds, hopefully more of those jittery buyers will come out of the woodwork next spring.
Posted via email from Charlotte real estate technology, IDX, market data
