Charlotte NC Real Estate Report – September 2016

While Charlotte real estate isn’t exactly like a NASCAR race, it’s been just as exciting. And like a fast-paced competition that breaks its tempo with a slight drop in acceleration, the signs of possible cooling of the housing market has the spectators talking.

NASCAR RaceIt’s a subtle change, a down-shift that only long-time fans will notice. Almost every other Charlotte housing market indicator says “Full speed!” First, let’s look at the numbers everyone agrees suggest the race for Charlotte homes is as frantic as ever. As of 9-30-2016, the prime driver of home prices, current inventory of homes for sale, has dropped once again, this month by 22.1% to 11,045 homes. So the increase in the average sales price for September, $17,145, which represents a growth of 7.2%, should surprise no one. September’s average sales price, $256,377, continues a phenomenal five-year surge.

And again, future growth seems all but assured. No number foretells how intense the future market will be like than the number of days of list to close, and September’s total of 99, a reduction of 11.6%, tells us the race track is hot and only going to get hotter.

The closest thing we have to a speed bump is the gradual slowing in the growth of the percent of original list price received. In the two months prior, the increase was 1.4%, but this month, sellers received 96.2% of their asking price, an increase of only 1.1%. Hardly a slow down, but it’s one small sign that buyers have new opportunities to negotiate. And as exclusive buyers agents, we’re ready to help you go head to head in a race for the home of your dreams.

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!