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]
Charlotte Real Estate Trends for August 2016
Fall’s arrival means different things to different people in the greater Charlotte area, although many hope for a quick start to another Super Bowl run by the Panthers. For some, it’s “back to school,” while for others it is an opportunity to enjoy a round of golf, go for a hike or do some fishing… [Read More]
Pending Home Sales Spike to Nine Year High
Home sales are at their highest level in nine years according to a recent report from the National Association of Realtors. The Pending Home Sales Index, a measure of contract signings between buyer and seller, is a leading indicator of completed sales over the next few months. The index has been rising every month in… [Read More]