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!
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In the meantime, please check out our:
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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.