"Booming Inventory Offers Promising Signs for Sellers In December, Charlotte's active listing count impressively climbed by 29.7% year-over-year, reaching a total of 2,524 homes. This surge outpaced the national growth rate of 12.1% for active listings. While the number of newly listed homes in Charlotte saw a modest rise of 3.3%, contrasting with the national trend of a 1.8% decline, this expansion in listings signaled a vibrant market ripe with opportunities for sellers to capture eager buyers' attention."
"The median listing price in Charlotte held steady in December at $427,000, with only a slight year-over-year dip of 0.3%. This small decrease was less pronounced than the national median listing price, which fell by 0.6% to $399,950. The consistency in pricing underscored sellers' confidence in their properties' value. Additionally, a slight drop in the share of price reductions to 14.1% indicated that fewer homes were overpriced compared to the previous year, reinforcing the strength and appeal of Charlotte's market for sellers."
"Prolonged Days on Market Highlight Strategic Seller Opportunities Homes in Charlotte averaged 72 days on the market in December, reflecting a 19.2% increase from the previous year. This rise in days on market was noticeably higher than the national increase of 5.0%. While longer listing durations might suggest slower buyer activity or potential overpricing, they also offered sellers the chance to strategically navigate the market, refine their selling approaches, and engage with a broader pool of discerning buyers."
Charlotte experienced significant inventory growth in December, with active listings rising 29.7% year-over-year to 2,524 homes, outpacing the national 12.1% increase. Newly listed homes edged up 3.3%, contrasting a national decline. The median listing price held at $427,000, dipping only 0.3% year-over-year, and price reductions fell to 14.1%, indicating seller confidence. Average days on market increased 19.2% to 72 days, notably higher than the national 5.0% rise, signaling longer listing periods. The combination of higher supply, steady pricing, and extended market time created opportunities for sellers to adjust strategies and attract committed buyers.
Read at SFGATE
Unable to calculate read time
Collection
[
|
...
]