Charlotte Market Update- August 2021
The real estate market remains strong! Homes are staying on the market for a shorter period of time and are selling for higher prices than before! Let’s not forget to pay attention to the changing Charlotte Market for the month of August! Take a look at our August 2021 Charlotte Real Estate Market Update for the month to understand the residential real estate activity in your area.
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Hard Facts- Charlotte Market Update
- The number of active listings was down 38% from one year earlier and up 4%
- The median list price for the month of July was just under $400,000
- 51% decrease in days on the market compared to last year
- Units sold decreased 11% year over year and 7% month over month
What does this mean for you?
Buyers, the number of active listings increasing indicates a larger selection of homes for buyers to choose from. The number of units sold decreasing signals a greater opportunity for buyers to make negotiations and better terms.
Sellers, the larger selection of homes means more competition in the market. Due to the greater competition, homes are being sold for more than we have seen in previous years. Buyers are able to make more negotiations. A positive trend in turnover rates is seen with a 51% decrease in days on the market.
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. That’s why we are grateful to provide up-to-date information for our clients to stay informed about recent residential real estate trends. Our team knows the Charlotte market well, and your experience is our top priority. Take advantage of the real estate market now and get your home sold FAST! Contact us today to get a head start.