The Charlotte/Gastonia/Rock Hill area housing market is continuing to hold strong with home prices rising almost 8 percent in August 2013 over August 2012. Then for the same metro area, the month to month numbers from July to August of this year were comparable, increasing only 0.5 percent overall.
While these numbers lag slightly behind the 9.3 percent increase seen in July 2013, they are still impressive considering the economic concerns of the past several years.
When short sales and real estate owned properties are taken out of the equation, that 7.6 percent figure increased to almost 10 percent from last August. And if the same distressed sales are removed from the month to month numbers, there is an increase of another 0.2 percent.
All across the country residential home sales continue to rebound, in fact the August increase is the eighteenth consecutive month of growth, though these numbers are beginning to level off due to fewer homes on the market and a slight increase in mortgage interest rates.
The Randy Lindsay team of experienced listing and selling professionals can assist with all your metro Charlotte real estate needs. Please contact us today for more information.