Market Trends Template*
Charlotte, NC Real Estate Market Update
Charlotte, NC, November 26, 2015 -- Year to date, Charlotte has seen a 12.9% increase in the number of homes sold compared to 2014. With 18,834 homes closed so far this year, the Charlotte area has hit a 10 year record for home sales year to date. Charlotte real estate professionals are expecting 2015 to be the second best year in the history of the Charlotte Multiple Listing Service (MLS).
The listing shortage is also starting to regain balance. So far this year, there has been a 9.6% increase in the number of new listings taken compared to 2014 and a 13.2% increase compared to 2013.
“Buyers now have more options to choose from, and we’re seeing fewer multiple offer situations as a result,” said Kim Glenn who specializes as a buyers’ real estate agent in Charlotte. “In some markets, we still see a great home hit the market and start a bidding war with prices going over the asking price. However, these situations are not the norm anymore.”
“This time last year, there were simply too many buyers and not enough homes which created pent up demand,” Glenn said. “Now buyers have more options, and this additional supply of listings hasn’t driven down prices.”
Year to date, the average sales price in Charlotte is $768,342 which is a 16.1% increase from 2014 and a 19.1% increase from 2013.
About Kim Glenn:
North Carolina native, Kim Glenn, has worked in the real estate industry Since 2011. With expert knowledge, she is the trusted authority in North Carolina Real Estate and an invaluable resource to sellers and buyers. Her area of expertise focuses on the market sales and rentals of condos, townhomes and single family homes.
For more information on this property, contact:
The Realty Group
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