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What Happens When There Are More Buyers Buying Than Homes To Sell?
What happens when there are more buyers searching for homes to buy than there are homes to sell?
As the infographic below shows, with buyer demand exceeding housing supply in many parts of the country, the result is that homes sales actually slow down--even in a high demand market.
 
At the end of the day, real estate is all about supply and demand. So when supply begins to dry up, the next thing to expect (besides a slow down in sales) is continued increases in home prices.
 
 
How does the Charlotte, North Carolina metro market compare with national statistics?
 
Inventory of homes available for sale in Charlotte area as of April was 3.9 months versus the national statistic of 5.3%. Charlotte's housing inventory was down 22.4% in April 2015. In much of the Charlotte metro area, there is no pretense of our housing market being a balanced one. It's very much a seller's market right now.
Fortunately, Cherloote metro area's closed sales in April 2015 were up month-over-month by 6% despite the declining inventory. And on a year-to-year basis, closed sales were up 15% as of April 2015. However, with decreasing inventory, it's not hard to imagine the day coming in Charlotte ... more

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