September Market Update: Charlotte
The month of September has come to an end! School is back in full swing and Fall is officially upon us. As we move into October and the fall season, let’s take a moment to recap the month of September. We have provided a market update of the September Charlotte real estate market for you. Knowing these trends can ensure you can make well-informed decisions and stay in the know!
The Hard Facts
- The current median price list price remains flat from this time last month, residing currently at 339k
- The supply of available homes is down by 5% from this time last month, with inventory at 4,140 listings
- A home’s average days on market has increased from this time last year by 6% and currently resides at 32 days on the market
What Does This Mean For You?
Sellers, the Charlotte real estate market is HOT. We are experiencing low days on market compared to markets like Georgia. A higher average list price indicates a strong banking industry. This is a great time to list and take advantage of a bustling market. Buyers, days on market may be increasing; but homes are still going quick! Find your dream home and don’t hesitate to submit your offer. The merger of Suntrust and BBT in Charlotte keeps a strong market for Q4 and the upcoming 2020 year!
Does this market update have you thinking about moving? Navigating the real estate market can be difficult, and you don’t want to do it alone. At Mark Spain Real Estate, we are here to help! Contact us today to get a head start.