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]

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’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.

The first month of the new year begins with positive real estate news. Mortgage interest rates remain steady to slightly lower, and there’s good news from the FHA regarding mortgage insurance. Also, the selling prices of existing single-family homes continue to edge upward, especially when it comes to one-bedroom homes.