March Market Update: Charlotte
Let’s take a look at the changing Charlotte market in March with our market update as we move through April! Mark Spain Real Estate has summarized the key real estate trends of the Charlotte real estate market so you can stay well-informed and make the best decisions.
Charlotte Market Update: The Hard Facts
- The number of active listings was down 3% from the previous month
- Average number of days units spent on the market was down 13%
- The median sale price of a home in Charlotte increased to $275K
- Number of units sold increased 28% month over month
What Does This Mean For You?
Buyers, the market update shows the decrease in the active inventory listings in the Charlotte market means that buyers who waited to buy may have had a smaller selection to choose from. The median sales price of homes in March increased from $264K in February to $275K. This increase indicates that buyers may need to negotiate deals to receive a better price compared to last month.
Sellers, the high number of days decreased from 46 to 40 days in March. This lower amount of days may signal a positive trend in the local inventory turnover rate! The number of units sold increased 28% month over month. This upward monthly sales trend indicates a positive momentum in the Charlotte market. Overall, it looks like Charlotte is currently in a sellers market, with the median home sales prices increasing and a positive inventory turn over rate!
Mark Spain Real Estate is here to help you make smart and informed real estate decisions. 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. If you would like more information or assistance, please contact us here.