New Charlotte Market Update – February 2021
2021 is providing another competitive real estate market, let’s not forget to pay attention to the changing Charlotte market! Take a look at our February 2021 Charlotte Real Estate Market update for the month of February to understand residential real estate activity in your area. Mark Spain Real Estate has summarized the key real estate trends of the Charlotte market so you can stay well-informed!
To learn more about real estate market trends, tips, and information, visit our blog!
The Hard Facts- Charlotte Market Update
- The number of active listings was down 56% from one year earlier, and down 21% from the previous month
- Compared to last year, the average number of days homes spent on the market was down 43% at 23 days
- The median sales price in January was at $295,000
- The number of units sold increased 4% year over year and decreased 33% month over month
What does this mean for you?
Buyers, the low number of active listings could indicate that those who waited to buy may have had a smaller selection to choose from. The increase in the number of units sold is a plus for buyers. Higher year-over-year figures indicate more buyers were able to find what they were looking for compared to the previous year.
Sellers, the decrease in the number of active listings year over year means that there is less competition in the market. The average number of days homes spent on the market decreased from 41 days last year to 23 days this January. This lower number of days signals a positive trend in the local inventory turnover rate! Sellers are able to sell their homes faster than before. The number of homes sold increasing year over year means that more buyers have been finding what they’re looking for.
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. Mark Spain Real Estate gets you maximum exposure to Charlotte coupled with an unparalleled level of customer experience. 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.
Connect with us on Facebook, Instagram, Twitter, or LinkedIn to continue staying up to date on all things real estate.