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Lack Of Inventory Impacting Home Sales Nationally AND In Charlotte
 
 
Many regions across the nation are suffering from a severe lack of housing inventory -- and that includes the Charlotte metro region. June 2017 saw the 25th consecutive month of inventory declines nationally... this, in turn, has resulted in increased home prices (now 64 consecutive months of year-over-year price increases). Lack of inventory and higher home prices have impacted affordability and availabilty for many home buyers, resulting in flat, if not lower, closed sales, as the infographic below clearly indicates.
 
On the good news front, mortgage rates remain low... so this is a good time to buy and lock in your payment for years to come before both home prices and rates increase further. And if you're a a home seller, listing your home for sale now also works to your advantage... you'll get a great price, sell quickly, and will be able to move on to the next house before prices and mortgage rates increase further. At some point, it's time to move on with your life and not worry about timing the market perfectly for the absolute highest price ever.
 
 
 
HOW THE CHARLOTTE, NC REGION COMPARES
 
The Charlotte metro is certainly "feeling" the impact of "thinventory" in the region. As of June 2017:

Inventory ... more

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