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Charlotte Area Real Estate News. Homes for Sale
Housing values are on the rise in Charlotte!

In case you missed it, the Office of Federal Housing Enterprise Oversight said last week that home values in the Charlotte area were up almost 9.1 percent the last three months of last year, compared to the same period in 2005.

While no statistic will tell you what your home is worth -- those figures are probably the most accurate measure of appreciation readily available. National economists have persuaded me that's true.

The survey isn't perfect, though. It measures repeat transactions on the same homes, which is good. But it includes refinancings, which some say skews the median value up. And it excludes "jumbo" loans of more than $417,000, which would skew the median down.

Here are some appreciation figures from other sources. All are medians for the Charlotte area, comparing the last quarter of 2006 with the same three months in 2005.

  • National Association of Realtors: up 8 percent.
  • S&P/Case Shiller: up 6.9 percent.
  • Zillow: up 13.3 percent.

Count them them all up -- and the news is still pretty good.

Published Monday, May 28, 2007 8:44 AM by Angie Adams NC/SC REALTOR® Broker

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