Here’s a closer look at where our real estate market’s headed.
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We are well into the summer and we’re seeing a “new” spring market right now. We were all cooped up in the actual spring season, so we’re starting to see that pent-up demand be released. Sellers can’t get their homes out there quickly enough, as we still have less than two months of inventory.
With interest rates under 3% for buyers, demand remains strong. My first mortgage interest rate back in the day was 8%, and many buyers realize that they can get more for their money in this market.
Our prices are still appreciating, maybe not as fast as they were, but still at a healthy level. Multiple-offer situations, offers above asking price, and overall showings have been increasing over the last few months. We have plenty of health and safety precautions in place to keep our buyers and sellers safe from COVID.
Rates are under 3%; my first rate was over 8%!
If you have any questions about buying, selling, or the Charlotte real estate market in general, don’t hesitate to reach out via phone or email. We look forward to hearing from you soon.