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]
Charlotte Real Estate Trends for July 2016
Charlotte’s thriving regional real estate market continued to chug along in July 2016. Overall, most sales prices rose, homes sold more quickly and overall inventory shrank as compared to July 2015.
August 2016 Market Update Videos
Even as prices rise in many communities, homes are selling faster now than they have in the past several years. This creates a situation where buyers need to move fast in order to secure homes, and they may have to pay more for them. While increasing prices generally coax more selling activity, there has been... [Read More]
Charlotte Real Estate Trends for June 2016
The June market for Charlotte area residential real estate heated up just like the early summer temperatures. Sellers could kick back and enjoy their iced tea and lemonade as their properties often sold quickly and at desirable prices.
July 2016 Market Update Videos
New Listings were up in the Charlotte region 7.7 percent to 5,579. Pending Sales increased 19.3 percent to 4,763. Inventory shrank 23.3 percent to 11,145 units. Prices moved higher as Median Sales Price was up 8.1 percent to $225,000. Months Supply of Homes for Sale was down 31.8 percent to 3.0 months, indicating that demand... [Read More]
Charlotte Real Estate Trends for May 2016
Home sales are on the rise in the Charlotte area. In the city of Charlotte, median and average sales prices of homes each climbed 3 percent in May. With median home prices now at $204,500 and average sales prices at $274,199, local real estate is swaying towards a seller’s market.