4 Top Reasons To Sell Your Charlotte Area Home This Fall
Fall 2019 officially arrives in just a few days. Here are 4 top reasons why it makes sense to sell your Charlotte area home this fall and not wait until spring.
- Strong Buyer Demand: buyer demand continues to outpace the supply of homes available for sale, especially for affordable homes. In the Charlotte region, as of end of August, we had only 2.3 months supply of homes for sale (down 17.9% compared with August 2018) and a decrease in overall inventory of 17.5% compared with one year ago. For homes priced under $300,000 in the Charlotte region, the months supply of homes is even lower at under two months. It's clearly still a seller's market in the Charlotte area and it only makes sense to take advantage of current buyer interest.
- There Is Less Competition: with inventory so low, you'd be competing with fewer homes for sale, which also generates higher sale prices.
Additionally, as home values continue to appreciate and as homeowners increase their equity, the pent-up desire of home owners to sell, which was stalled for a number of years, will increase competition and provide home buyers more choices. It only makes sense to take advantage of less competition in the current environment.
There Might Not Be A Better Time To Move Up: if you're thinking of moving up into a premium or luxury home, now is the time. Compared with "affordable" home inventory, there is an abundance of inventory in Charlotte for higher priced and luxury homes. For homes priced from $500,000 to $1 million, the Charlotte region's MLS has 14 months of inventory, up from 7 months in August. For homes priced above $1 million, we are looking at 60 months of inventory as of September 2019, up from 12 months just one month ago. With interest rates decreasing, it only makes sense to lock in your costs by selling your home now and purchasing your move-up home now. And with this s much inventory of homes priced above $500,000, you're more likely to negotiate a lower purchase price,
- It's Time To Move On With Your Life: there is something to be said for not putting your life on hold to wait out the "perfect" time to sell. It's virtually impossible to time housing and financial markets to that extent. Waiting also leaves you waiting to see what happens in the future... we can't predict the future. It only makes sense to make a decision to sell at a time when you have all the facts in hand.
Infographic: 4 ReasonsTo Sell Your Home In Fall 2019
BE SURE TO CHECK OUT OUR FALL 2019 HOME SELLER'S GUIDE: THINGS TO CONSIDER WHEN SELLING YOUR HOME
Contact Carolinas Realty Partners with Coldwell Banker if we can answer any questions you might have about the Charlotte rgion housing market or about what listing your home for sale might entail.
And if you're thinking about buying a Charlotte area home after you sell this fall, check out our Fall 2019 Home Buyer Guide to "Things To Consider When Buying A Home."
If you're considering selling or purchasing a home in the Charlotte metro area, I'd love an opportunity to earn your business, exceed your expectations, and show you how: