The weather isn’t the only thing cooling off a bit in September, the Real Estate market also seems to be getting back to a more normal state in and around Charlotte.  According to the Canopy MLS Statistical Analysis of the Charlotte Region, months inventory remained level at 0.9 months for the second consecutive month and has only wavered between 1 month and .9 months over the past four months.   

The most important number that has continued to increase is the number of homes for sale.  There has been a large increase since March 2021 when listings were down 6.5% from pre-pandemic levels.   As of August 2021 listings were actually up 3.5% versus pre-pandemic levels, and up 10% from March 2021.

A number of other factors have also leveled off.  The surge of buyers viewing each home as stabilized over the last three months at 14.5 per listing.  The number of closed sales per month remains flat over the last three months as well.

New construction single-family options are popping up in the $400,000+ range.  There also are some townhome opportunities in the $300,000+ range that are becoming available.

If you have delayed your home search until the market craziness has calmed down, this may be the correct time to start looking again. Please contact us today as we would love to help with your home search.
With the last days of summer on the horizon, experts are expecting an unusually busy fall market, as sellers continue putting more homes on the market, hoping to take advantage of record-high sales prices and strong buyer demand.

The National Association of REALTORS® reports the median existing home price was up 17.8% year-over-year, and new listings were up 7.3% in July compared to June, defying seasonality trends typically seen in the fall. In the Charlotte region, for the week ending August 21:

• New Listings increased 8.6% to 1,421
• Pending Sales increased 6.6% to 1,294
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