If You’re Thinking of Selling Your Charlotte Home, CALL NOW!
As the final data on the 2017 Charlotte housing market files in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME!
How did we finish 2017
1. New-home sales were at their highest level in a decade. In fact, in all Charlotte MLS, new construction sales were up 15.4% year-over-year.
2. Sales of previously owned homes were at their highest level in more than a decade. In all Charlotte MLS, resales were up 3.6% year-over-year.
3. Starts of single-family homes were their strongest in a decade and applications to build such properties advanced to the fastest pace since August 2007.
4. Average Sales prices in Charlotte are up from $196,544 5 years ago to $285,727 at the end of 2017…up a whopping 45% in 5 years!
And Bloomberg Business just reported:
“America’s housing market is gearing up for a robust year ahead. Builders are more optimistic, demand is strong and lean inventory is keeping prices elevated.”
And the National Association of Realtors revealed that buyer traffic is stronger this winter than it was during the spring buying season last year.
The only challenge in our real estate market is a severe lack of inventory. A balanced market would have a full six-month supply of homes for sale in Charlotte. Currently, there is less than a two-month supply of inventory. This represents a decrease in supply of 20.0% from this same time last year.
Bottom Line
Basic supply & demand at it’s best is being demonstrated in the Charlotte market. With demand increasing and supply decreasing, this IS the perfect time to get the best price for your home. Let’s get together to see whether that is the case in your neighborhood.
What You Need to Do
If you’re thinking of selling your Charlotte home, let’s talk – call or text (704) 491-3310! Listing and SELLING homes is our specialty. View our 5-star client reviews at www.CharlotteRealEstateAgentReviews.com and our listing website, www.ListMyCharlotteHome.com or email us at DebeM@remax.net.
Hiring the RIGHT Charlotte Realtor® is critical to your home selling success!
© Debe Maxwell | RE/MAX Executive | The Maxwell House Group Real Estate | DebeM@remax.net | If You’re Thinking of Selling Your Charlotte Home, CALL NOW!
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