Summer 2022 Will Still Be A Great Time To Sell Your Charlotte Home

By
Real Estate Agent with Coldwell Banker Realty

 

Home Inventory Is Still Very Low... Summer 2022 Will Still Be A Great Time To Sell Your Charlotte Region Home.

If You've Been Thinking About Selling Your Home This Summer... 

Nina Hollander With Coldwell Banker Realty Can Help!

 

Just how low is Charlotte region's housing inventory? While inventory has increased somewhat compared with the first quarter of 2022,  as of May 2022, the Charlotte region had 3,788 active property listings, down 12.3% from one year ago. The months supply of homes stood at just 0.8 months in May 2022, down from 0.9 months in May 2021. With less than one month of inventory, a housing market is a home seller's market.

 

Charlotte, NC Region Housing Market Overview For May 2022

 

What Does Low Inventory Mean For Charlotte Region Home Sellers?

High Visibility For Your Home... PLUS...

 

  1. You'll get more money for your home if you sell now during this inventory shortage. Average home sale prices in the Charlotte region were at historic highs as of May 2022, as were median home sale prices. Year-to-date as of May 2022, home sale prices have increased 16.9%, while median home sale prices have increased 20.5%.


  2. You'll sell your home at a higher median list to sale price. As of May 2022, the  percent of sale price to original list price was 102.9%, up 1.3% year-over-year. Year-to-date in 2022, the percent of sale price to original list price was 101.8%, up 1.5% as of May 2022.


  3. You'll sell your home more quickly. Average days on market are at historic lows in the Charlotte Region. As of May 2022, average days on market were 14 days, down three days over May 2021.  Year-to-date as of May 2022, average days on market are down 20.8% to 19 days compared with 24 days one year ago.

HOMEOWNERS ARE SITTING ON A LOT OF EQUITY TODAY... DID YOU KNOW...

Average Homeowner Gained $64,000 In Equity In The Past Year

 

Is it time to cash in on your equity? Reach out to me at 704-779-0813 to learn how much equity you have in your home and how you can use it to fuel your next move.

 

Need another reason to sell your Charlotte Region home this summer?

After two years of record-setting activity we are seeing signs of a market correction. High home prices and a surge in mortgage rates are slowing buyer activity under the weight of soaring homeownership costs. (Charlotte region's home affordability index was down 22.8% year-over-year in May 2022.)

 

Economists predict that if sales continue to soften in the near future, we might see some downward pressure on home Housing Market At A Turning Point In 2022prices. In the Charlotte region, as of May 2022 demand continued to increase relative to supply... but it remains to be seen how long that continues. At least for the foreseeable future, Charlotte region home sellers can expect home inventory to remain low and home prices to increase, albeit at a slower pace than what we've seen in the past two years.

 

This means... you still have an opportunity to get great terms for your house when you sell this summer. That’s because there are still more buyers who want purchase than there are homes for sale. And that means prices are likely to continue appreciating, just at a more moderate pace. Reach out to me at 704-779-0813 if you’re ready to list in today’s sellers’ market.

 

TOP SIGNS IT'S TIME TO SELL ACCORDING TO THE EXPERTS: VIDEO

 

 

 

After two years of record-setting activity, there are signs the housing market might be cooling. High home prices and a surge in mortgage interest rates are slowing buyer activity, with home sales declining for the third consecutive month under the weight of soaring homeownership costs.

 WONDERING WHAT YOUR CHARLOTTE AREA HOME IS WORTH IN TODAY'S MARKET? 

 

What's My Charlotte Area Home Worth?

 

 

WHAT'S ON THE HORIZON FOR THE HOUSING MARKET IN THE SECOND HALF OF 2022: VIDEO

 

  

 

FREE Home Seller Guide: “Things To Consider When Selling Your House”

 

THINKING OF SELLING YOUR HOME? CHECK OUT THE COLDWELL BANKER MARKETING ADVANTAGE

 

Need Help With Home Renovations/Updates Before Listing Your Home For Sale?

COLDWELL BANKER'S REALVITALIZE PROGRAM

 

RealVitalizeSM is an exclusive Coldwell Banker program that helps with improvements and repairs to prepare your home for sale. We cover upfront costs and get paid back when your home sells. No hidden fees, interest charges or markups.

  RealVitalize Home Improvement Program By Coldwell Banker

 

This Charlotte region housing market update is provided  by  Nina Hollander and Carolinas Realty Partners with Coldwell Banker Realty,  Greater Charlotte area residential real estate experts serving greater Charlotte region's home buyers and sellers for 20+ years.

 

If you're considering selling (and/or purchasing) a home in the Greater Charlotte region, I'd love an opportunity to earn your business, to exceed your expectations, and to show you how:

 "The Right Broker Makes All The Difference."

 

Curious About Charlotte Region's Real Estate Market?

If you're curious about the Charlotte Region's real estate market, I have the answers to your questions. 

A consultation is FREE and there's NO OBLIGATION.

Call or text me, Nina Hollander at Coldwell Banker Realty at 704-779-0813 or contact me here.

Posted by

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From The Greater Charlotte Area
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

Charlotte Magazine 5-Star Customer Satisfaction Award Winner Since 2007

 

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Oh by the way, I'm never too busy for any of your referrals!

 

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Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

Comments (32)

Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Dorie Dillard Austin TX thanks, Dorie... and that's exactly what I've been telling both prospective buyers and sellers... we will remain a seller's market for at least through this year.

Jun 22, 2022 08:36 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Jeffrey DiMuria 321.223.6253 Waves Realty hi Jeff... no doubt it's a good time to sell and I've had two clients push up their selling plans to this summer and fall from next year. For buyers, it's getting less and less affordable by the day, but it won't get more affordable any time soon.

Jun 22, 2022 08:38 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Thanks, Roy, for popping by today. We are halfway through the week and I keep wondering where the time flies.

Jun 22, 2022 08:38 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Sheri Sperry - MCNE® thanks, Sheri... sellers will still sell quickly and at top dollar if they list sooner rather than later. Hard to predict what it will be like one year from now.

Jun 22, 2022 08:39 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Nina - just thinking.  If I knew I were going to sell I would not wait any longer to get my home listed.

Jun 22, 2022 08:54 AM
Norma J. Elkins
Elite Realty Group - Morristown, TN
Realtor - Elkins Home Selling Team

Excellent info and so true.  The summer is a fabulous time to sell and we are still seeing homes with contracts within hours and days of hitting the markets.  Now is the time to sell. Hope you have a wonderful day!

Jun 22, 2022 09:01 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Grant Schneider hi Grant... I am recommending to everyone who asks me to move sooner rather than later if they can do it.

Jun 22, 2022 09:08 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Norma J. Elkins thanks, Norma, for popping by today! Happy Summer 2022 to you... trust you'll have a lovely and productive summer.

Jun 22, 2022 09:09 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

It is surely still a very good time to sell your home this summer.

Jun 22, 2022 10:55 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Rocky Dickerson hi Rocky... it's hard to time any market perfectly, including the real estate market. People keep asking me what I think will happen a year from now... I keep telling them that if I knew that I wouldn't be Queen of Real Estate, I'd be Queen of the world!

Jun 22, 2022 10:59 AM
Kathy Streib
Cypress, TX
Retired Home Stager/Redesign

Hi Nina- so many people try to "play" the real estate market. If you're wanting to sell, then just do it. Call you and get the facts. 

Jun 22, 2022 12:56 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kathy Streib hi Kathy... if there's anything I know about both the financial and real estate markets, it's that you can't time them perfectly. If somehow you have, it was pure luck.

Jun 22, 2022 02:04 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nina sellers who do not take advantage of this crazy strong sellers market will be kicking themselves.

Jun 22, 2022 05:44 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Charlotte home buyers and sellers are sure to value your real estate market report, Nina.

Jun 22, 2022 06:48 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

George Souto good morning, George... how right you are! Even though the market is "adjusting," it's still very much a seller's market.

Jun 23, 2022 05:06 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat good morning, Myrl... thank you for stopping by... trust your summer season is off to a lovely start!

Jun 23, 2022 05:07 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, you do such a great job with your listing, and sure you will get more calls.

Jun 23, 2022 06:09 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... thanks. Still waiting for a "real" call from an Active Rain post... maybe one of these days I'll just stop.

Jun 23, 2022 06:13 AM
Joan Cox

I don't get calls off AR posts either, but many times I draft it here, and post on my website first, then post the next day here.   Gets me writing posts.

Jun 23, 2022 06:16 AM
Nina Hollander, Broker

Joan Cox many things I write and post on my website and then copy it over here in the Rain a few days later.

Jun 24, 2022 07:19 AM
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Good morning Nina Hollander, Broker, regardless of all the noise, it is a great time to sell and buy a home. Low inventory and high demand in most areas are favorable for home sellers so why wait? 

Jun 24, 2022 06:04 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Beth Atalay hi Beth... and then there's the issue that we know what the market is today and in the very near future... who can predict what will happen in 2023?

Jun 24, 2022 07:20 AM