Is Winter 2021 A Good Time To Sell Your Greater Charlotte Region Home?
The answer to this question would appear to be an unequivocal YES! If you're a homeowner in the Charlotte region thinking about selling your home before the spring market, today's low inventory will make your house stand out. Today's low inventory will see your home sell faster than ever. Today's low inventory will yield a premium price for your home.
The graphs below clearly show what the historical trends have been in the Charlotte region for single family homes. And all these trends support a decision to sell this in winter 2021.
Charlotte Region Single Family Home Inventory Down 33% Year Over Year
Charlotte Region ended 2020 with 6,003 homes for sale. That's down from 9,366 homes that were for sale at the end of 2019.
Charlotte Region Average Single Family Home Sale Prices Up 10.5% Year-Over-Year
The average sale price of a Charlotte region single family home increased 10.5% from $313,666 at the end of 2019 to $346,465 at the end of 2020.
Charlotte Region Single Family Homes Selling 20.5% More Quickly Year-Over-Year
Average days on market dropped at the end of 2020 to 35 days (median days were 8) from 44 days at the end of 2019 (median days were twice that of 2020 at 16).
Charlotte Region Months Supply of Single Family Homes Down 36% Year-Over-Year
At year-end 2020, the months supply of single family homes stood at 1.6 months. This compares to 2.4 months at year-end 2019. Nothing says it's a home seller's market than a month's supply of homes under 3 months.
Today's low inventory will make your house stand out.
Today's low inventory will see your home sell faster than ever.
Today's low inventory will yield a premium price for your home.
THE WINTER HOUSING MARKET FORECAST WON'T BE CHILLY
THINKING OF SELLING YOUR HOME? CHECK OUT THE COLDWELL BANKER MARKETING ADVANTAGE
This Charlotte region housing market update is provided by Nina Hollander and Carolinas Realty Partners with Coldwell Banker Realty, your Charlotte metro area residential real estate experts serving greater Charlotte region home buyers and sellers for 20+ years.
If you're considering selling (or purchasing) a home in the Charlotte region, I'd love an opportunity to earn your business, to exceed your expectations, and to show you how: