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Old 05-30-2006, 10:24 AM
 
105 posts, read 604,362 times
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How are prices in Charlotte and other areas holding up? Has the market slowed? Is it a buyers market or a sellers market? I've been on a few real estate websites and see alot of houses for sale. Thanks!!
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Old 05-30-2006, 10:24 AM
 
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In general, I would say it's a buyers market.
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Old 05-30-2006, 10:26 AM
 
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Wow was that a quick answer!!! Thanks!!
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Old 05-30-2006, 04:08 PM
 
Location: Rothschild, WI
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We 're in the process of buying a house in the Raleigh area. Our realtor told us that while it's still a buyer's market, it is slowly changing to a seller's market. (In the Raleigh area anyway.)
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Old 05-30-2006, 05:14 PM
 
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sounds like you need to get a new realtor.
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Old 05-30-2006, 06:00 PM
 
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Default Charlotte Market

Prices in Charlotte have stayed calm amid the bubble. [moderator CUT]. Looking at the numbers in Realtor magazine the average list price was 222,000 in April and the average sale price was 216,000. From March 2005 to April 2006 the residential closing price average has gone from 197,000to 216,000. I would say its a Buyer's market. Appoximately 62% of the homes sell under 120 days and the rest over 120. Good luck.

Last edited by Marka; 05-31-2006 at 01:01 AM..
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Old 05-30-2006, 07:45 PM
 
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Thanks SBRADY!

Does $200K get you a safe family type neighborhood? Thanks!
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Old 05-30-2006, 08:58 PM
 
Location: Rothschild, WI
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Quote:
Originally Posted by anonymous
sounds like you need to get a new realtor.
Thanks Anonymous! That's really helpful! (I can only assume that you're a realtor living in the Raleigh area?)
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Old 05-30-2006, 09:04 PM
 
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Quote:
Originally Posted by holt4fam
We 're in the process of buying a house in the Raleigh area. Our realtor told us that while it's still a buyer's market, it is slowly changing to a seller's market. (In the Raleigh area anyway.)
For it to change, one item you must see is more buyers than houses for sale.
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Old 05-30-2006, 09:05 PM
 
195 posts, read 192,112 times
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Quote:
Originally Posted by SBrady
Prices in Charlotte have stayed calm amid the bubble. I am a Realtor in Charlotte. Looking at the numbers in Realtor magazine the average list price was 222,000 in April and the average sale price was 216,000. From March 2005 to April 2006 the residential closing price average has gone from 197,000to 216,000. I would say its a Buyer's market. Appoximately 62% of the homes sell under 120 days and the rest over 120. Good luck.
Where we live if it goes longer than 30 days you have priced your house to high. This summer that avg house sold in 7 days! But, again, the tide has changed and it's a buyers market.

Someone pull comps and see what the avg house sells for per sq ft? I assume $80?
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