First Half of 2021 Real Estate Recap
Here’s a quick real estate recap for the first half of 2021 for real estate in the greater Charlotte area. A few key things to know about what’s been going on in this market are outlined below.
- According to Canopy MLS, the average sales price in the Greater Charlotte area has increased to about $375,000. In Mecklenburg County, the average sales price is $463,000.
- We currently have a 21-day supply of homes on the market. This is up slightly from my last recap earlier this year when the supply of properties on the market was 18 days. Right now, homes are staying on the market just a little bit longer.
- In Canopy MLS, the final sales price is about 102% of list price. We are still seeing many homes selling above list price which brings the average final sales price to 102%.
- There’s still a huge demand for housing in our area. Many people are asking “Is this a bubble” and “Is the market ever going to scale back?”. From what we are seeing here in the Charlotte area, while prices may level off slightly, there does not seem to be any slow down in the number of people moving here for our booming economy, our climate, and from higher cost of living areas such as California and New York. This is continuing to drive our real estate values up in both Carolinas.
Although there are some signs of the real estate market leveling off, it’s still a hot housing market. With interest rates on the lower side, it’s still a great time to buy!? And with lots of home buyers circling, it’s also a great time to sell!
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