What’s the current state of the Charlotte market? To begin with, Zillow has released its predictions for the hottest market in the country for 2023, and Charlotte, North Carolina, has taken the top spot as one of the hottest markets.
This news is incredible for sellers and buyers alike, as it indicates a surge in inventory. In fact, the inventory has increased by 55.8% from last quarter, and the average sales price has also risen to $417,000. When I moved here five years ago, the price for a home was about $250,000, which is quite a difference.
“It is amazing to see how much the Charlotte market has appreciated in the last couple of years.”
It is amazing to see how much the Charlotte market has appreciated in the last couple of years. So what does a hot market entail? Firstly, more potential buyers will be on the lookout this spring. Sales pending have increased significantly, and there has been an 8% uptick in sales across the country.
If you are a seller, this is the perfect time to put your home on the market as spring is in the air, and people are looking to move into their new homes before the next season. The schools are also winding up for the season, making it an ideal time to sell your home.
If you have any general questions about the market or are interested in selling your home this spring, please do not hesitate to call or email us. We would be more than happy to let you know the worth of your home, the current market conditions, and what you can do to sell your home for top dollar this season.
