Charlotte NC Real Estate Report – April 2017

The vitality of Charlotte real estate depends on the health and vitality of several offshoots of the overall Charlotte economy. The good news — actually, the GREAT news — is that the Charlotte economy is at full steam, chugging along, and pulling everything behind it along for the ride.

Steam locomotive

The demand for Charlotte homes is unrelenting. The latest numbers on the Charlotte real estate market back up this assessment. As of 4-30-2017, the inventory of homes for sale dropped by 20.15% compared to last year. The number of days from list to close fell by 15% from April, 2016. The median sales price jumped by $4,000, or 11.9%, to $226,000. Little surprise that the percent of original price received was 97.2%, an increase of .9% from 2016 — which was also a phenomenal growth year!

Factor in the drop of the days of list to close by 15% to 96 days, and the rise in pending sales, that is, the deals that have been agreed upon but not yet closed, by 8.1%, and there’s no doubt the Charlotte real estate market is rolling along.

This all adds up to a tricky market, one where the seller has many advantages. But this means that a Charlotte home is not only a great investment, but a great place to live and work. The employment and wage growth numbers prove that’s the case. Buyers can maximize their clout with the experience of an exclusive buyer’s agent who can help them negotiate the twists and turns ahead.

About jptuggle


My name is Julie Tuggle, broker/owner of Carolina Buyer's Agent in Charlotte, NC. After four years working for a traditional broker, I saw the need for a firm that would represent buyers best interests only on any home for sale in the Charlotte area, including For-Sale-By-Owner homes, so I opened Carolina Buyer's Agent in 1998. Carolina Buyer's Agent specializes in buyer representation only, giving buyers the negotiating advantage throughout the home purchase process. We're one of the only real estate firms in the Charlotte area that doesn't take listings or represent sellers, so you'll never have to worry about the risk of "dual or designated agency" - the conflict of interest that exists when your agent's company is also representing the best interests of the seller on the home you want to buy.

Visit our web site, www.carolinabuyersagent.com , for more information about working with an exclusive buyer agent when you're ready to start thinking about purchasing a home. From there, you can search for MLS-listed homes and for-sale-by-owner homes, too. We'll also explain the legal difference between a dual agent and an exclusive buyer's agent so you can make the right decision on one of the most important investments you'll ever own. Search for Charlotte real estate including for-sale-by-owner homes, and find Charlotte school and community information at http://carolinabuyersagent.com/ . I'm a non-smoker and my hobbies are tennis, gardening and of course, investing in real estate!

Speak Your Mind

*