Charlotte Home Prices Show the Biggest Annual Gain in 2016
In August, Charlotte housing prices skyrocketed to their biggest year over year gain of 2016! This signals a very healthy housing market, and means it is likely prime time to sell and make the most equity on your Weddington house for sale. Read more to see why the fact that Charlotte home prices show the biggest annual gain should steer your home purchase decision in a positive direction.
The Source
The Standard & Poor Case-Shiller Home Price Index reported that local residential prices rose 5.8% from August 2015. The national average is 5.3%, which puts Charlotte above the average!
The report that covered 20 metro areas showed a 5.1% hike for the year. Another report covering 10 cities showed home prices rise 4.3%.
The news signals a continued growth in the housing market, and an opportunity for Charlotte residents to sell their house for sale in Weddington for big bucks!
Charlotte Area Overview
Below is a list of the Charlotte home price increases, as reported by Case-Shiller.
- August 2016: 5.8% (from the previous year)
- July 2016: 5.3%
- June 2016: 5.1%
- May 2016: 5%
- April 2016: 5%
- March 2016: 4.3%
- February 2016: 4.2%
- January 2016: 4.9%
- December 2015: 5.5%
- November 2015: 5.3%
- October 2015: 4.7%
- September 2015: 4.3%
- August 2015: 4.9%
A Great Agent Means a Great Deal
Are you interested in buying or selling homes for sale in Weddington? The fact that Charlotte home prices show the biggest annual gain definitely indicates a green light to do so!
Homes By Cross specializes in offering clients in-depth analysis of property values and market trends. From fine luxury homes to lake and golf course properties to houses especially for first-time home buyers, we serve a diverse array of clientele!
Contact our team at Homes By Cross today to sell your gorgeous home and find a new Charlotte luxury home for sale that will take your breath away!
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