Home Prices Moving UpCharlotte's housing market is now a seller's market in many areas!

 

The January sales figures for Charlotte metro area real estate are in. WOW! WOW! WOW! If anyone has doubted that we are increasingly in a seller's market, they need only to consider the following statistics about Charlotte metro's months supply of inventory:

We consider ourselves to be in a seller's market whenever the months supply of housing inventory drops below 4 months. We are seriously there in quite a few of our areas and many other areas are very close to that 4 month mark. I'm still seeing many home buyers in our market finding it hard to believe just how little inventory there is and/or how little negotiating on an appropriately priced home there is. So many buyers are still asking for that "super, below market deal." I keep telling them that that "ship has essentially sailed." If you are buying a home you will need to get your mind around a different market and different house hunting and negotiating strategies.

Some additional statistics for January 2013 versus January 2012 showing the strength of the Charlotte metro market:

Assuming these trends continue into Charlotte's spring selling season, buyers can be sure of the following:

  • Housing inventory will stay tight and buyers will have fewer choices.
  • Houses will sell faster.
  • There will be less negotiating on price.
  • Home prices will continue to move up.
  • More multiple offer situations in high-demand areas.
But don't forget... interest rates are still at historic lows and homes prices generally are below their historic highs, making it more affordable than ever to buy a house, even if it does cost you somewhat more now. So it's still possible to get what would be considered a "good buy" even though Charlotte's housing market is now a seller's market.
 
LOOKING THE BUY A CHARLOTTE METRO AREA HOME? Contact Carolinas Realty Partners. We can help you find your dream home?
 
WONDERING IF THIS IS THE TIME TO SELL YOUR CHARLOTTE METRO AREA HOME? Contact Carolinas Realty Partners. We can prepare a no-obligation market analysis for your home and help you make the right decision.
 
 
 
 

Nina Hollander
Broker, Realtor, CRS, GRI, ABR, SRES, CDPE, SFR, SPS
Carolinas Realty Partners/Keller Williams Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: www.BestCharlotteHomesForSale.com
Search for Charlotte Area Homes: www.HomesInCharlotteArea.com

2007, 2008, 2009, 2010, 2011, 2012 Charlotte Magazine 5-Star Customer Satisfaction Award Winner

 

Oh by the way, I'm never too busy for any of your referrals!

 

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This post has been included in North Carolina Real Estate News
Post is included in group: Advice for Buyers
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1 Comments on Charlotte's Housing Market Now A Seller's Market In Many Areas!

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Thanks for your analysis, I hope we see this in the Eastern part of NC .. Your trends typically follow suit here .
5:57am • #1


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Nina Hollander

Charlotte, NC

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Keller Williams Realty

Address: 17200 Hedgerow Park Road, Charlotte, NC, 28277

Office Phone: (704) 779-0813

Cell Phone: (704) 779-0813

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