Spring Market Update

Do I wait or do I buy? As Charlotte grows and buyers try to navigate this crazy market, more and more we are hearing that question asked.

According to Zillow, waiting even a couple of weeks can cost you thousands of dollars. They argue that due to lack of inventory nationally that housing should remain historically hot for many months. That statement is bolstered by national numbers showing units of home sales down in both February and March this year while average days on market has shrunk to 9 days!

But what about Charlotte? Year to date thru March:

New listings                              -10.2%

Pending Sales                           -9%

Closed Sales                              -3%

Days on the market                   -21.4%

Average Prices                          +16.4%

% Of original price paid             100.9%             (That’s a stat I haven’t seen in 27 years in the business)



The good news in all of this is that we have a very experienced team here to help you navigate this market. Call us today!