Charlotte Condo Market Update For June 2011

In June 2011 190 condos sold in the Charlotte area, an 14% increase from the 167 condos sold in May 2011. June 2011 sales figures decreased 11% from June 2010 when 214 Charlotte condos sold.

The average sales price increased 7% from $159,046 in May 2011 to $170,501 in June 2011. The June 2011 average sales price increased 15% from the June 2010 average sales price which was $147,826.

Average days on the market increased 28% from 127 in May to 162 in June. June 2010 average days on the market were 128.

Currently there are 1,886 Charlotte condo/townhomes listed for sale in the Charlotte MLS. The average unit is a 2 bed/2 bath unit with 1,473 square feet and an average list price of $203,023, down 1% from May’s average list price of $205,205. The average days on the market are 146. Currently 322, or about 17%, Charlotte condos are under contract, up from 286 under contract in May.

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