Buyer demand in Charlotte remains strong, according to the latest Charlotte real estate market report for the end of May, 2018. The strong economy, positive unemployment forecasts and steady growth in payrolls strengthens Charlotte home buyer confidence. Meanwhile, the Charlotte housing inventory continues to shrink. Yet, despite this, Charlotte pending home sales in May, 2018 are 9.7% higher than they were in May 2017, according to a summary written by Jenna Martin, Associate Editor/Online of Charlotte Business Journal, citing the Charlotte Regional Realtor® Association’s monthly report.
They expect the competition for Charlotte homes for sale to continue to grow. Charlotte homes inventory right now will stay on the market for a length that is 24.1% lower than they did in 2017. Plus, sellers keep getting more money for their homes. The current median sales price for Charlotte area homes is $245,000. That’s nearly a 10% gain over this time last year, according to reported data.
Charlotte Real Estate Market: A Seller’s Market
We mentioned it before, but we’ll say it again. It’s a sellers’ market in Charlotte right now. If you’re buying a home in Charlotte, be prepared to move quickly, because the competition is significant! We know this area and the market. So, if you want to move to the Charlotte area, don’t risk losing your dream house, because you chose a real estate agent less familiar with today’s real estate market in Charlotte, NC. Contact us today!
Are You Looking for a New Home in the Charlotte Area?
If you’re moving to Charlotte, we can help you find the perfect home, no matter what you’re looking for. Looking for a home with green amenities like solar panels or geothermal systems? Let us know! Our dedicated real estate team can keep an eye out for homes featuring things not usually listed in data bases and keep you informed, if you contact us and let us know what to look out for. Give us a call at 704-608-2794 or get in touch with us online to let us know what you’re looking for. We’ll help you find it!
Feel free to use our online tool to search for Charlotte real estate listings set to your specifications. If you need down payment assistance in North Carolina, we can help you find resources! If you’d like access to our exclusive real estate reports and worksheets for FREE, just fill out our simple, online, information request form.
In the meantime, please check out our:
- North Charlotte homes for sale
- South Charlotte homes for sale
- Uptown Charlotte homes for sale
- Homes for active adults in 55+ communities
- Charlotte area Luxury homes for sale
- Charlotte area New Construction homes for sale
Looking outside the city? Check out:
- Ballantyne homes for sale
- Harrisburg homes for sale
- Steele Creek and Lake Wylie homes for sale
- Concord homes for sale
- Mint Hill homes for sale
- Waxhaw homes for sale
- Weddington homes for sale
- Matthews homes for sale
- Huntersville homes for sale
- Union County homes for sale
Want help with home staging or home improvement ideas? Just ask or follow our blog! We also offer FREE real estate advice guides. For example, one guide points out nine common mistakes to avoid if you’re buying a new home. Another warns sellers about 14 common mistakes homeowners make when selling their homes.
Kim Walker says
Hi there….Was wondering what source you’re using that shows Charlotte homes were 9.7 percent higher than in May 2018 than May 2017?
Thanks for asking! I thought I linked to the Charlotte Business Journal’s summary of the original report when I posted, but I guess I didn’t! I updated the post to just to have it in text form too.