Charlotte: Job market improves but shadow inventory looms

Real Estate Market Profile

Downtown Charlotte, N.C. Flicker image courtesy of jacreative.

In March, the Charlotte, N.C., housing market had one of those good news/no news months.

The good news was that closed home sales that month leapt upward by 43 percent compared to the previous before. The "no news" was that, compared to one year earlier, March sales essentially were flat, according to data in a report from the Charlotte Regional Realtor Association, which said that year-over-year closings had increased by 0.2 percent.