Charlotte's market shows gains with new listings and increased prices.
The latest numbers from the Charlotte MLS are in, and they paint a promising picture for the real estate market. Here’s a quick breakdown of the current trends:
• New listings: Up by 7.3%
• Pending sales: Increased by 22.5%
• Closed sales: Rose by 4.5%
• Average sales price: Increased by 3.7% compared to last year.
Despite the positive numbers, one trend stands out: days on the market have increased. Currently, homes are sitting on the market for an average of 45 days, up from 33 days last year and just 15 days two years ago. This means that while the market remains healthy, it’s taking longer for homes to sell.
“If you’re in the market to buy a home, now could be a great time to act”
For buyers, this presents an opportunity. There’s plenty of inventory available, and with homes sitting on the market longer, sellers are often willing to adjust prices to secure a sale. I recently went under contract on a property and was able to secure a great deal because I bought it at the right time.
If you’re in the market to buy a home, now could be a great time to act. There’s a wide selection of properties to choose from, and with homes staying on the market for over 30 days, sellers may be more inclined to negotiate.
If you’re interested in buying or selling, don’t hesitate to reach out for more information or assistance. Contact me at (704) 777-8090 or email me at john@jbolos.com. Let’s navigate the market together!
