Home sales are on the rise in the Charlotte area. In the city of Charlotte, median and average sales prices of homes each climbed 3 percent in May. With median home prices now at $204,500 and average sales prices at $274,199, local real estate is swaying towards a seller’s market.
Charlotte Real Estate Trends for April 2016
Undeniably, spring is a prime time for buying and selling residential real estate in and around Charlotte. So, what does the market look like as we move into late spring and early summer? Compared to one year ago, there are more closed sales to report. In April, year-over-year closings were up 3.1 percent, from 3,503… [Read More]
Charlotte Real Estate Trends for March 2016
As the weather warms up across the Charlotte metro area every spring, the residential real estate market does as well. In March, selling prices of single-family residences heated up, but at a relatively modest pace. According to the Carolina Regional Realtor Association, the median selling price of a Charlotte area home in March was $198,000,… [Read More]
Charlotte Real Estate Trends for February 2016
The traditional Spring season surge in residential real estate activity will soon be underway. The flowering of thousands of trees in the community signal Winter’s inevitable surrender as dogwoods and magnolias bathe Charlotte in long-awaited Spring beauty….and the new growth shows in the area’s housing trends as well.
Charlotte Real Estate Trends for January 2016
February brings us Valentine’s Day, and March, St. Patrick’s Day. Can Spring be far behind? January’s occasionally blustery weather has not cooled a hot residential real estate market in the Charlotte area. Median sales prices showed strong single-digit growth in January 2016. The $179,500 median was 7.8 percent higher than one year ago, and Zillow… [Read More]
Charlotte Real Estate Trends for December 2015
As we ring in the New Year, Charlotte’s real estate trends point to a market that continues to stabilize. Price changes are modest, and mortgage interest rates remain low. Although the holiday season is traditionally a slower time in the market, seasonal fluctuations in the market are responsible only up to a point. Comparisons of… [Read More]