Low Inventory and Rising Home Prices Across Charlotte

 In Advice for Home Buyers, Advice For Home Sellers, Charlotte Real Estate
There’s more good news for sellers in the Charlotte real estate market.
With housing inventory in the Charlotte region at a low, and a growing demand for property in this super hot real estate market, home prices in the Queen City just continue to rise, and home sales increased 11.5% in March 2017 as compared with the same month of 2016. This increase is a whopping 54% jump compared to February 2017. Plus, the average list price was up 9.4% in March as compared with the same month in 2016.

With the low months supply of inventory and few new homes being listed on the market, a rise in sales price is just inevitable. Across the nation, there has been a steady and constant increase in home sale prices. Prices have been rising the quickest in approximately three years, and Charlotte still has these nationwide numbers beat.

Rising home prices paired with mortgage rates that are are also higher now than compared with those of a year ago, may eventually temper the heightened demand for housing in Charlotte. Currently, homes seem to sell almost as soon as they are listed, so buyers will want to act quickly when they find a home they are interested in.

Those considering selling a home in Charlotte would be well advised to take advance of both the demand and the rising home prices we’re seeing today. If you’re curious about what your home may be worth in todays market, you can find out here.

Charlotte definitely has a seller’s market on its hands, with low inventory, rising home prices, and a surge in home sales. For more details and info on what this means for home buyers and sellers alike, be sure to take a look at the full article at CharlotteObserver.com.

If selling your home is on your agenda, I’ll be happy to provide a refined, in-home consultation to establish a solid listing price and strategic marketing plan to get your home sold in the shortest number of days and for the best price and terms.

If you’re in the market to buy a home, I’d love to help you navigate through the uncertainty and frequent bidding wars with insider ‘Coming Soon’ options to help you find a home you love!

Jennifer Monroe, Realtor®/Broker

❉  Refreshingly Honest Real Estate  ❉
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© Jennifer Monroe, Realtor®/Broker 2017
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