Charlotte NC Local Market Update for Spring 2023

[Kai Kopsch]

Overall, the Charlotte-Concord-Gastonia real estate market is poised for growth in the coming years, offering opportunities for both buyers and sellers this spring of 2023.

Looking ahead to March 2023, the Charlotte region's housing market will likely remain relatively stable, with a gradual increase in inventory, as more sellers enter the market. Months Supply of Inventory increased from just 0.6 to 1.3 a + 116.7% & Median Sales Price year to year from  $360,000 to $365,000 + 1.4%.

For buyers, this market forecast suggests it may be a good time to purchase a home in the Charlotte-Concord-Gastonia area. With a significant percentage of sales occurring below the list price, buyers may be able to negotiate better deals.

For sellers, the forecast indicates that there will be continued demand for homes in the Charlotte-Concord-Gastonia area. However, inventory is rising, which may lead to increased competition among sellers. Homes in good areas priced reasonably still reserve multiple offers and sell quickly.

[Michael Hutchinson]

Quote from @Kai Kopsch:

Overall, the Charlotte-Concord-Gastonia real estate market is poised for growth in the coming years, offering opportunities for both buyers and sellers this spring of 2023.

Looking ahead to March 2023, the Charlotte region's housing market will likely remain relatively stable, with a gradual increase in inventory, as more sellers enter the market. Months Supply of Inventory increased from just 0.6 to 1.3 a + 116.7% & Median Sales Price year to year from  $360,000 to $365,000 + 1.4%.

For buyers, this market forecast suggests it may be a good time to purchase a home in the Charlotte-Concord-Gastonia area. With a significant percentage of sales occurring below the list price, buyers may be able to negotiate better deals.

For sellers, the forecast indicates that there will be continued demand for homes in the Charlotte-Concord-Gastonia area. However, inventory is rising, which may lead to increased competition among sellers. Homes in good areas priced reasonably still reserve multiple offers and sell quickly.

 It is a good time to buy here IMO.   I am also in market and the influx of people keep this market from having appreciation issues.   Here is some data to help those looking.

[Brad Roche]

Quote from @Kai Kopsch:

Overall, the Charlotte-Concord-Gastonia real estate market is poised for growth in the coming years, offering opportunities for both buyers and sellers this spring of 2023.

Looking ahead to March 2023, the Charlotte region's housing market will likely remain relatively stable, with a gradual increase in inventory, as more sellers enter the market. Months Supply of Inventory increased from just 0.6 to 1.3 a + 116.7% & Median Sales Price year to year from  $360,000 to $365,000 + 1.4%.

For buyers, this market forecast suggests it may be a good time to purchase a home in the Charlotte-Concord-Gastonia area. With a significant percentage of sales occurring below the list price, buyers may be able to negotiate better deals.

For sellers, the forecast indicates that there will be continued demand for homes in the Charlotte-Concord-Gastonia area. However, inventory is rising, which may lead to increased competition among sellers. Homes in good areas priced reasonably still reserve multiple offers and sell quickly.

 Great take on the Charlotte Market, Kai! The Charlotte area is also primed for the MTR market- with CLT being ranked #4 by Forbes for highest percentage of out-of-staters moving to the State, there will be a lot of buyers looking for middle-term rentals while they look for homes / wait for inventory to catch up. Not to mention the numerous amount of Hospitals and easy access to the Charlotte Douglas Airport.