April Market Update: Charlotte
As summer 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 Charlotte April market so you can stay well-informed!
The Hard Facts: Charlotte Real Estate Market
- The number of active listings decreased 5% from the previous month
- Average number of days units spent on the market before being sold was down 17%
- The median sale price for a home in Charlotte market was at $286K
- The number of homes sold decreased 26% month over month
What Does This Mean for You?
Buyers, this smaller inventory means that those who waited to buy may have had a smaller selection to choose from. Fewer number of homes sold in the Charlotte market allows for buyers to negotiate better terms.
Sellers, the number of days home spent on the market decreased from 39 to 32 days this April. This lower number of days may signal a positive trend in the local inventory turnover rate, as sellers are able to sell their home faster than last year. The number of homes sold decreasing month over month is simply indicative of the unprecedented time we are going through.
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 coupled with an unparalleled level of customer experience. Our team knows the Queen City market well, and your experience is our top priority. Contact us today to get a head start.