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]
Charlotte Real Estate Trends For November 2015
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 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.