February Market Update: Charlotte
Mark Spain Real Estate has analyzed the market for you in our February Charlotte Market Update! The month of February is reaching its end! As spring approaches, let’s not forget to pay attention to the changing Charlotte market! Mark Spain Real Estate has summarized the key real estate trends of the February Charlotte market so you can stay well-informed!
The Hard Facts: Charlotte Market Update
- Active inventory listings are down by 10% from the previous month
- A home’s average days on market is currently at 42 days, and down by 8% compared to last year from this time last month
- The number of units sold has increased 6% year over year
- The median sale price of a home is $262K, an increase from last year’s sale price of 230K
What Does This Mean For You?
The decrease in active inventory listings in the Charlotte market means that buyers who waited to buy, may have had a smaller selection to choose from. This smaller level of inventory makes for greater competition between buyers to find their perfect home. However, the higher number of units sold could indicate that buyers have been easily finding exactly what they are looking for in a home!
Sellers, the lower number of days on market may signal a positive trend in the local inventory turn over rate. Also, the increase median sales price of home means that you may get a better offer on your home than in previous months!
Guaranteed Offer Program
The time to sell is now! You can sell your home quickly in todays market, and that is something to take advantage of. You can also get an increased return on your home, as seen with the increased median sales price of homes! With our Guaranteed Offer Program, you can receive a competitive cash offer on your home and close in as little as 21 days! You can bypass the market and skip the showings and open houses.
We attempt to alleviate all the stresses that come along with selling your home, we want our clients to enjoy the process and smoothly enter this new phase of their life in their new home! To see if you qualify for the Guaranteed Offer Program, visit our site! This is a great option for those who are in need of selling fast due to unexpected life events!
Does the February Charlotte market update have you thinking about moving? Navigating the real estate market can be difficult, and you don’t want to do it alone. With Mark Spain Real Estate, you’ll get maximum exposure to your Charlotte home. Our team knows this city and surrounding neighborhoods and your experience is our top priority. Contact us today to get a head start. Our agents are experts in this industry, so feel rest assured you will meet your real estate goals!