As you would expect, the housing market in 2022 will remain hot, and markets across the U.S. are expected to grow at a healthy rate this year. Charlotte is at the top of Zillow’s projected fastest-growing list of cities due to a combination of strong forecasted home value increases, high job growth, fast-moving inventory, a slew of buyers, as well as other economic fundamentals. If you look around, that makes sense. Our city is growing in almost every sense of the word, including our population, accessibility, connectivity, opportunities, and maybe most dramatically, our skyline.
Last summer,this Charlotte Observer article featured an excellent online graphic of Charlotte’s development. It depicts Charlotte’s changing skyline using interactive technology to lay the new buildings over our current skyline. It shows about 20 skyline-changing projects either already in the works or coming up in the future.
Our local market stats support Zillow’s prediction too; last month, we saw homes selling quickly with an average days on market of just 23. We know the market is competitive because of the growth we’re seeing all around us, as well as the fact that our average sales price right now is $390,000. At this time last year, it was $340,000.
What do you think of our growing city? Do you want to discuss taking advantage of our white-hot market? If so, or if you have any questions, give us a call at (704) 777-8090 or send a text; we would love to be your real estate resource.
