Yowza, it’s been over 6 months since we’ve blogged! So much for leading by example, eh? Let’s try to make up for it with some rock-solid analysis of the Charlotte market.
![Mecklenburg county condos avg price](https://img.localhomesearch.net/i2/chart/mecklenburg-cnd.png)
Now that’s a healthy market. But how about some areas within Mecklenburg?
![uptown condos avg price](https://img.localhomesearch.net/i2/chart/uptown-cnd.png)
Okay, so Union County has seen a slight decrease from 2014, but other than that, there isn’t a shred of bad news in here!
![Screen Shot 2015-06-25 at 4.01.04 PM](https://www.davisfarrell.com/blog/wp-content/uploads/2015/06/Screen-Shot-2015-06-25-at-4.01.04-PM.png)
Both Charlotte & Mecklenburg County are sitting with just over 5 months of housing inventory. That means in many areas we are in a full-blown seller’s market. There are a whole lot of subdivisions with fewer than 4 months of supply: Collins Park, Barclay Downs, Sedgefield, Merry Oaks, Elizabeth, Madison Park, and Chantilly, just to name a few.
If there are sellers in there considering selling, now is a great time. Or, so says the postcards you should be sending… 😉
It’s been quite some time since we’ve seen seller’s markets, so enjoy it! Even the areas with high inventory are typically not more than 9 or 10 months. Just a few years ago, 9 months inventory would have been considered very good.
Have a great summer and party like it’s 2005!