Home Prices Continue To Rise In Charlotte, NC. In 2013

A fact everyone has been hearing about Charlotte NC. home prices increasing was substantiated by Standards and Poor Case Schiller Home price index. For those unfamiliar with Case Schiller it is considered the leading measure of home prices and values and tracks the major 20 metro markets in the country to decipher how the housing market is doing. It may be the only independent research on home values that most economists and home market experts agree to be unbiased. The data they collect is a couple of months behind. But the latest numbers for them for the month of February showed a consistent trend in Charlotte versus the same period as last year. In Charlotte, NC. home prices on average increased 6.2% from last year the same time. That is a huge increase in year over ear prices and is most reflective on the limited inventory that is available right now. In fact, I went back and started looking at the numbers going back into 2012 to see when we began seeing a year over year gain in prices. I admit I was a little shocked to notice that in the Charlotte, NC. market the prices have consistently gained from the same month the year before to this year on every month since August 2012. That is over seven consistent months of price increases year over year. Now, that does not mean that the prices have risen every month on average. All it is saying is that for the same time period the previous year the prices adjusted upwards. because from January to February of this year the prices overall actually fell .2%. But, since this time last year prices have increased on average over 12% from February of 2012. For the most part they have gone up or stayed the same with minimal decreases if any month to month. Dave diCecco Realtor/Broker Coldwell Banker United- Cell:704-519-7895 ddicecco@cbunited.com www.davedicecco.com