Buying a Charlotte home? Get a full home search
Selling a Charlotte home? Get a Home Price Evaluation
Hello, and welcome! It's time for another Charlotte real estate market update as the first quarter numbers are finally in.
We are currently in a very strong seller's market right now. Even in areas where homes typically move a bit slower, we are seeing the days on market decrease substantially. In the Greater Charlotte area, we usually see homes sell between 75-80 days, but the average days on market is currently only 68! In the hottest markets, such as the South Charlotte and Lake Norman areas, that average is only 20-25 days!
In the $150k+ price range, there are 3,200 active properties. There are an additional 1,900 properties that are currently under contract, which is even stronger than last year (a great year in real estate). In the last 90 days, we've seen 2,043 homes close, which also surpassed the numbers from the same period last year; in the last 30 days alone, 854 homes have closed! This is a 10% increase in closed property sales, which is astronomical considering how great of a year we had last year!
If you are looking to buy, you need to be alert and informed. In order to make the most of a market that favors sellers, you need to work with a real estate professional who has experience in the industry and can help you nab the home of your dreams! If you're looking to sell, you need to price your home very competitively, but also be aware that now is the time to get a great value for your home. Inventory is extremely low right now, so if your home is desirable you should receive multiple offers.
If you have any questions about market conditions in your particular area, or if you need real estate help of any kind, don't hesitate to give me a call or shoot me a quick email. I would love to be your real estate resource for the Charlotte area!
No comments :
Post a Comment