Charlotte Real Estate 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.

While we're currently experiencing market conditions favorable to sellers, we are still seeing homes come on the market. However, homes are going quickly. If you are buying and having reservations about a home, you need to act quickly - if you're working with a good agent, they will be able to help you spot a good deal and make the right decision before someone else does.

If you're selling, you have a bit of leverage when listing your home. Homeowners who have been trying to sell for the past several months now have a great opportunity to get a great value for their home. Inventory is low, so there aren't as many homes to choose from as there usually are. Because supply is low and interest rates are low, we are starting to see home prices rise steadily. 

The fact that we've seen fewer distressed property sales is a good sign. There are still properties going into short sales and foreclosures, but those numbers are down significantly - from 7.2% of the market last year to 4.8% this year. If you're a buyer waiting for that perfect deal on a distressed property, the right agent can help you find it. However, there isn't much to choose from - most distressed properties stay on the market for no longer than 20 days. The average home in Charlotte is also selling quickly, sitting on the market for an average of 70 days, which is down from 93 days last year.

As you can see, there are some interesting trends happening in our area at the moment. Since things are always changing, it's important to keep yourself in the loop, especially if you plan on buying or selling within the next year. We're always here to help - give us a call or shoot us an email with all of your real estate questions. We look forward to hearing from you soon.