Now Is a Great Time to Sell in Charlotte

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 Looking to sell in Charlotte? Get a free Home Price Evaluation

Today, we’re going to talk about what’s going on in the Charlotte real estate market.

Lately, a lot of people have been asking, “Are we in a buyer’s or seller’s market?” Well, it is definitely a seller’s market right now, as we only have three months of inventory overall. That said, different areas in Charlotte have different inventory levels. For example, Ballantyne has two months of inventory while Lake Norman has six months of inventory.

Overall, though, it’s a great time to sell. If you’re selling a home, you can even push your pricing up a bit in our current market.

The good news for buyers is that interest rates are still incredibly low. Even though the Fed raised their rates a few months ago, rates are still under 4%, so now is a great time to buy or refinance your home.

For buyers, it may be tougher to find good properties. However, if you are getting information quickly with an exceptional online service, like our Home Hunters System, you can find a great deal quickly. Our site lets you tell us what you’re looking for, and then we send you new properties as soon as they hit the market. In a competitive market like this, the sooner you know about a property, the better.

Charlotte Real Estate Market Update

Looking to buy in Charlotte?  Get a full home search

 Looking to sell in Charlotte? Get a free Home Price Evaluation

Today, we’re here with a quick market update. Charlotte remains in a definite seller’s market. 2015 was a great year for sellers, but this year is even better!

Right now, there are only three months of inventory on the market, which is near record lows. Overall, the real estate market in Charlotte is great, but the Southern part of Charlotte is in an incredibly hot market. Homes are still selling all over Charlotte, but in Ballantyne and surrounding areas, properties are flying off the market.

While the market does favor sellers right now, the good news for buyers is interest rates are still historically low and hovering around 4%. It’s a great time to buy a home, and these low rates make selling a home more competitive. Multiple offer situations will drive the price of some homes up. 

The likelihood of winding up in a bidding war does depend on the price point you are looking in. There’s less inventory in lower-priced homes, creating more demand. On the high end of the market, properties listed over $1 million are still moving very quickly despite the higher inventory levels. 

What does this mean for buyers and sellers overall? As we said, it’s a great time to sell. Rates are low, there isn’t much inventory available, and prices are even going up. In fact, you can probably stretch the price of your property a little and earn more for your home than what the market dictates. 

Buyers need to see new listings as soon as they get on the market. We have a Home Hunter system that will take everything you want in a home and search through the 20,000 properties for sale to find you the right match. Our system lets you know the minute these properties come on the market so you can get a showing right away. You get the information as fast as the Realtors do, and it’s free!

If you have any questions about today's video or about real estate in general, give us a call or send us an email. We look forward to hearing from you!

Let Us Be Your Real Estate Resource

Looking to buy in Charlotte?  Get a full home search

 Looking to sell in Charlotte? Get a free Home Price Evaluation

We’re here to announce our new video blog! We'll be sharing tips for buyers and sellers alike, as well as the latest information from our local market. We want this to become your local real estate resource. If you’re curious about a particular topic, reach out to us by phone or email and we’ll make a video about it! Have a look around and we’ll talk to you soon.