27 Nov Despite the Season, Our Market Is Still Active
Let’s talk about what’s going on in the Charlotte market and the surrounding areas.
Today we’re going to talk about what’s happening in the Charlotte market and the surrounding areas.
It turns out that a lot is happening in the area. We’re going into the winter months, and you typically see things slowing down around this time.
Yes, we don’t see as many houses on the market—in terms of pending sales, we’re down by about 7.9%. When you look at the number of single-family homes on the market, we’re down by about 16% from what we saw last year. If you live in a condo or townhouse, we’re down 26%.
The market needs sellers because there are a lot of buyers out there waiting on the sidelines. For those sellers that do have their house on the market right now, you might not think there would be a lot of activity, but on average, homes are getting 7.8 showings each in the Charlotte and Matthews market. As you get out to Fort Mill and Union County, they’re in the six- to seven per month range. There’s still plenty of traffic in these areas; buyers are just waiting for homes to come up for sale.
“The market needs sellers because there are a lot of buyers out there waiting on the sidelines.”
Homes on the market typically sell in less than 50 days. For a market that is typically slowing down as people get ready to celebrate the holiday, we’re seeing a trend of more buyers on the market than usual. If you’re in the $300,000-or-less range, then right now, it’s all about selling.
If you have any questions or want to know what’s happening in your neighborhood, reach out and contact me. I’m happy to share information with you so that you know whether or not now is the time to sell. Have a great day!