CHARLOTTE, N.C. — The Charlotte Business Journal is continuing to delve into local housing data, taking a look at the market at various price points.
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The series, which began last week at the $250,000 price range, is meant to show Charlotte homebuyers just how far their dollars will go right now and give them a picture of price-specific market activity.
CBJ is using Carolina Multiple Listing Services Inc. data provided by the Charlotte Regional Realtor Association for the series; such data includes single-family residential and condo/townhouse properties across the greater Charlotte area.
Housing data for the $450,000 to $550,000 price bracket reveals an inventory that continues to drop quickly — falling 9.6% from January through August when compared to the same period last year. The 1,193 homes on the market at this price point represent a 4.8-month supply — down from a 6.4-month supply last year.
Read more — and see photos of some homes in this price range — here.
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