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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.
