When you start searching for your dream home, here’s the one thing you have to know about Charlotte, NC homes: They’re going fast.
Here are the numbers: In last month’s report, we noted the amazing 18.7% decline in inventorty from the same period of the previous year. But as of May 31, 2013, there were 14,312 homes for sale — and that’s a 27.5% drop from last May!
So the dizzying and exciting trend we’ve been reporting the last few months is not only continuing, but gathering speed. Price levels reflect how dynamic the Charlotte real estate market has become. The average sales price of homes in the Charlotte-Gastonia-Rock Hill NC/SC Metro Area was $232,564, an increase of $15,122 or 7% from last year.
Little wonder that this latter-day Charlotte gold rush is gathering speed as buyers snatch up properties. The average number of days Charlotte homes are on the market has dropped to 138 days, or 4.6 months. Compared to last May, this is a decrease of 7.1%.
I don’t know about you, but the g-forces are making me a little light-headed!
That’s why buying a home in Charlotte is an adventure these days. But every adventurer needs a guide who knows the territory, not just the hot deals in the market, but the pitfalls as well. In this seller’s market, even seasoned investors need the advantage of an exclusive buyer’s agent. If you’re a first-time home buyer, you definitely need our expertise and experience on your side. Contact us today, and let’s get started!
Comments(0)