Charlotte’s booming real estate market remains strong in early 2017, with homes selling faster and at higher prices than last year. The market should warm up further as summer approaches. Additionally, the repeal of House Bill 2 at the end of March has benefited the area’s appeal, job market and economy. However, declining inventory of… [Read More]
Charlotte Real Estate Trends for February 2017
Signs of spring in Charlotte are accompanied by continued evidence of a robust Charlotte real estate market. Strong Selling Prices For the three-month period ending March 15, Trulia says that the median selling price for Charlotte-area homes was $190,000, a 3.3 percent increase year-over-year. The median selling price of four-bedroom homes was particularly strong, rising… [Read More]
Charlotte Real Estate Trends for January 2017
For those that are interested in buying a home, the new year brings news of a robust market where demand still outstrips supply in many neighborhoods. In fact, inventory is down 25.0 percent since last January, according to the Charlotte Regional Realtor Association. That’s almost 3,000 fewer Charlotte homes for sale. Still, January listings are… [Read More]
Charlotte Real Estate Trends November 2016
The arrival of the holiday season is inevitably accompanied by an occasional dip in Charlotte temperatures. Those chilly days stand in stark contrast to Zillow’s “very hot†rating of the residential real estate market. Its home value index for Charlotte is now $175,500, up an impressive 8.3 percent since last year at this time. Furthermore,… [Read More]
Charlotte Real Estate Trends for October 2016
As the cool winds of autumn more frequently sweep down from the Blue Ridge Mountains to the Piedmont, the market for Charlotte real estate continues to heat up. As October came to an end, there were only 2.8 months of inventory, and the average home was on the the market for only 51 days. Double-digit… [Read More]
Charlotte Real Estate Trends for September 2016
As summer surrenders to fall, and the first signs of bright autumnal foliage appear in the mountains to the west. Locally, “rosy†is the color of important Charlotte real estate metrics. For example, the median selling price of a single-family home stood at $189,750 in September 2015. One year later, the median value is $207,000,… [Read More]