This week's Charlotte Market Report from My Charlotte Real Estate Agents at Fathom Realty includes detail on the following:
  • Charlotte's Weekly Sales Update from the Week of February 20, 2021
  • FAQ:  Essential Homebuyer Tips
  • Our Best of Charlotte Series featuring The Best Restaurant You May Not Know

For the week ending February 20, 2021:

From the CANOPY MLS:  Freddie Mac reported this week the average 30-year fixed-rate mortgage interest rate rose to 2.81%, its highest point since mid-November, but still far lower than the 3.49% average from the same time last year. Interest rates may rise further in coming weeks, but according to Freddie Mac chief economist Sam Khater, “while there are multiple temporary factors driving up rates, the underlying economic fundamentals point to rates remaining in the low 3 percent range for the year.”

In the Charlotte region, for the week ending February 20:
 • New Listings decreased 7.6% to 1,040
 • Pending Sales increased 17.2% to 1,188
 • Inventory decreased 59.9% to 3,280

For the month of January:
 • Median Sales Price increased 12.9% to $285,000
 • List to Close decreased 16.0% to 84
 • Percent of Original List Price Received increased 2.9% to 98.9%
 • Months Supply of Homes for Sale decreased 57.9% to 0.8
The Best Restaurant You May Not Know
Michael’s Pick:
Tacos El Regio

8829 E W.T. Harris Blvd
Charlotte, NC 28227
Authentic and fantastic tacos in Charlotte, NC.  That is the entire pitch. 

Currently the restaurant is not open Monday-Wednesday.  They have dine-in and takeout available, and also are on the GrubHub app.  
Frank’s Pick: 
Cajun Yard Dog 
8036 Providence, Suite 900
Charlotte, NC 28277

Real Louisiana cooking in the Arboretum. 

I love their po'boys and their jambalaya.  Their smothered cabbage side is one of my absolute favorite bites in Charlotte.  The restaurant is small but the flavor is big!