Our annual Charlotte market report is hot off the presses and the main story is that in 2018, the average single-family home in the city of Charlotte went for over $330k! That is up 8% from 2017 and a whopping 15% from 2016.
However, we are seeing less activity, as we’ve reported in the past. Buyers are more scarce, and while inventory is still very low, there’s reason to believe 2019 will start moving in the direction of a buyer’s market, especially with the Fed expected to continue to raise interest rates.
But in terms of prices, that isn’t a reason to worry, at least at this point. Check out North Mecklenburg, for example:
North Meck (including Huntersville) is up over 10% in 2018 after seeing only a slight increase in 2017. But like most areas, activity is down.
So, what are you waiting for? We have data for all MLS areas along with subdivisions/condos. Feel free to use any/all of this for your blogs & social media. You won’t find it anywhere else!