Do You Need To Sell Your Greater Charlotte Home This Summer?
There's Still Time to Sell Your Home!
And It's Still A Good Time To Sell Your Home!
It's still a seller's market in the Greater Charlotte area. Through the second quarter 2022 and July, it appears that the Charlotte real estate market bucked national trends. Many of our neighborhoods are still seeing record gains in home sale prices, median list to sell ratios of 100% or more, and fewer days on market. We continue to see limited inventory in high-demand neighborhoods despite an overall increase in inventory.
Activity in Quarter 2-2022 and July kept sellers in the driver's seat even if activity was not as frenzied as it was in Summer 2021. It's clear that rising interest rates and inflation are impacting the more price sensitive segments of our residential real estate market resulting in lower pending and closed sales in July 2022. Multiple offers are less common, while price reductions are more common. It appears that, on the whole, home prices have peaked and home sale prices will increase but at a slower pace than in the past two years.
If you're considering selling your Greater Charlotte home this summer, although the supply of homes for sale has been grown in the past three months, there’s still a shortage of homes on the market. That means conditions continue to favor sellers today. The level of inventory of homes for sale is what determines if buyers or sellers are in the driver’s seat.
Although the Charlotte region market is cooling, overall conditions are still favoring home sellers. While buyer demand is softening due to higher mortgage rates, homes that are priced right are still selling fast. That means your window of opportunity to list and sell your home this summer has by no means closed.
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THINKING OF SELLING YOUR HOME? CHECK OUT THE COLDWELL BANKER MARKETING ADVANTAGE
Need Help With Home Renovations/Updates Before Listing Your Home For Sale?
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.
This housing market update is provided by Nina Hollander and Carolinas Realty Partners with Coldwell Banker Realty, Greater Charlotte residential real estate experts serving Charlotte region home buyers and sellers for 22+ years.
If you're considering selling 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 why experience matters and how:
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/text me, Nina Hollander at Coldwell Banker Realty at 704-779-0813 or contact me here.