Charlotte Market Update – November 2021

By Mark Spain Real Estate

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 November! Take a look at our November 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 39% from one year earlier and down 24% from the previous month.

• The median list price for the month of July was just under $420,000.

• There was a 14% decrease in days on the market compared to last year.

• Units sold increased by 4% year over year and decreased 6% month over month.

What does this mean for you?

Buyers, the number of active listings decreasing indicates a smaller selection of homes for buyers to choose from. The number of units sold increasing year over year indicates that more buyers have been finding what they are looking for in a dream home! 

Sellers, the smaller selection of homes is a great opportunity to make your home stand out from others on the market. Due to the smaller inventory and buyers being more serious about securing a new place to call home, homes are being sold for more than we have seen in previous years. A positive trend in turnover rates is seen with a 14% 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.  

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Mark Spain Real Estate is grateful to serve all of Metro Atlanta, including Athens in Georgia, Raleigh and Charlotte and Greensboro in North Carolina, Nashville and Chattanooga in Tennessee, Tampa and Orlando and Jacksonville in Florida, Greenville in South Carolina, and Birmingham in Alabama!