Happy New Years!!!
While December is normally a slow month for the real estate market, demand from buyers kept things moving, and with the interest rates still near zero, who can blame them?
Based on the current market report (released January 5th for data collected in December), the median sales price of a home in Charlotte metro is up 9.9% as compared to December 2019 to a total of $291,200.
Overall, inventory has continued to contract as sellers fear finding a new home for themselves on the market and the changing covid and employment landscapes. Housing inventory is down 55% from December of last year. That means there’s only 3,860 homes currently available for sale in the MLS, which includes our entire metro area, outlying suburban and rural areas, and ALL price points.
If you’re looking to buy, there is still a house for you, though it may take more perseverance to find it. If you’re looking to sell, you have a hot commodity, so market it wisely!
Monthly data is only available after the closing of that month, therefore currently available data lags one month from the current date.
* All data is from the Canopy Realtor Association Charlotte Region Monthly Indicators report as of January 5th, 2021 for the Month of December 2020. All opinions expressed are that of the writer and are not considered to be personal advice or investment advice.*