August, 2007 Zip Code 28270, central South Charlotte
Average 2006 2007 % Inc/dec
CPSF 117.74 122.87 4.36
# Solds 73 51 -30.14
Aug-07 Average Sales Price $326,842
ATS Index 107.68
Months Inventory 2.71
Average cost per square foot of the solds rose 4.36% in August over August 2006. Number of units fell 30% over a year ago. The ATS index (Asking To Selling) See here for a full explanation- Average Per Sg FT of the Listed to the Average SF of the Solds,- the average listed is asking 107% of the same months solds.
If current sales paces continues, there is an estimated 2.71 months supply of homes.
What of the 30% fewer sales? There were 30% fewer buyers in this zip this month, but prices went up. The market tells the truth, this is still a very popular zip code, central and with good schools.
All data is derived from the Carolina MLS, but is not provided by the MLS
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