Charlotte Market Snapshot

There are many great Charlotte area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at 704-500-0026 for a FREE home buying or selling consultation to answer any of your real estate questions.

Many people in the Charlotte area have asked about the state of the real estate market, and whether we're still in a seller's market. We're currently seeing homes come onto the market, so there's certainly not a shortage. However, the market is still quite favorable to sellers.

If you're buying and have found a home, but feel hesitant about making an offer, you need to be careful. Homes are going quickly in this market, so you need to work with an agent who knows a good deal when they see one. They will be able to help you make the right decision quicker - that way, you can get the house you're interested in before another agent comes by and purchases it.

If you're selling, you have a good deal of leverage. Folks who have been trying to sell for a while have a great opportunity to do so in this market. Prices are rising because interest rates are still incredibly low, and inventory is still low enough to create demand for your home. 

There are still distressed properties out there, but the numbers are down significantly. If you're a buyer looking for an opportunity to buy a great home for a low price, it may be difficult without the right agent. Because the number of distressed properties has fallen from 7.2% of the market to 4.8%, there is much less to choose from. Additionally, the days on market for distressed homes is only 15-20 days, making it an incredibly competitive segment of the market. On the other hand, the average home is selling in about 70 days, which is down from 93 days at this time last year - which means now is an ideal time to get your home sold pretty quick.

Keep an eye out for our upcoming videos. We'll be looking at specific areas in and around Charlotte to keep you updated on market trends. If you have any real estate related questions, don't hesitate to reach out to us - we would love to hear from you!