Following a very favorable sellers’ market during the first 10 months of 2015, the average listing price of a home for sale in Charlotte for the week ending November 25 declined 2.5 percent from the previous week. The late November price of just under $293,000 represents a decline of 4.8 percent from the week ending… [Read More]
Charlotte Real Estate Trends for October 2015
This fall, the whole region is abuzz over the stellar performance of the Carolina Panthers. The excitement in Charlotte’s sports bars is palpable as the Panthers chalk up one victory after another. Traditionally, residential real estate market cools off in the fall even as football heats up. This year is no different as new listings… [Read More]
Charlotte Real Estate Trends for September 2015
As summer transitions into fall, Charlotte’s residential real estate market continues to experience modest price gains, numerous quick sales and a supply/demand ratio that often favors sellers. In September, new listings were up 3.2 percent, from 4,185 to 4,319. However, closed sales rose at a faster pace, up 6.1 percent year-over-year. In general, inventory is… [Read More]
Charlotte Real Estate Trends for August 2015
As summer winds down, it’s helpful for buyers, sellers and agents alike to look at August’s trends in Charlotte-area residential real estate sales. Overall, selling prices are strong, and inventory remains tight.
Charlotte Real Estate Trends for July 2015
Charlotte’s residential real estate market experienced a significant rebound in values over the past half-decade. In fact, Trulia reports that homes are selling, on average, for 22.9 percent more than they did five years ago. However, in 2015, increases in selling prices have slowed considerably, despite a continued inventory shortage and low mortgage interest rates.
Real Estate Trends: Rising Interest Rates and New Technology
The Counselors of Real Estate (CRE) recently published a report that highlights trends that will impact the real estate market in 2015 and 2016. In part one, we looked at how demographics and urbanization affect the Charlotte real estate market. Now we take a look at some of the other influence factors. Higher interest rates… [Read More]