Are you thinking of buying a home? Selling a home? Let me say, right now the market in our area is HOT, HOT, HOT. On Sunday, May 3, I tried to show some clients three houses in the Matthews-Indian Trail area — two went under contract before we could even get in to see them. A week ago, a house I was showing in the South Park area, went under contract while I was showing it. According to the Carolina MLS, “Tales of one-day and even same-day purchase offers are being shared over coffee, lunch and happy hour, generally bringing the total days on market average down as the joy index rises.” My team members are having the same experiences.
I’ve had multiple offers on one house TWICE! My team members and I, this spring, have houses goes under contract the day we’ve listed them. And I think, I really think, it’s going to get a bit wilder.
Now is the time to list or buy because new listings are coming onto the market, and buyers are ready to buy. Give us a call so we can help advise you in this process.
Here are a few numbers for you from the Carolina Multiple Listing Service:
In the Charlotte region, for the week ending April 25:
New Listings increased 11.5% to 1,287
Pending Sales increased 52.8% to 1,109
Inventory decreased 20.7% to 13,232
For the month of March:
Median Sales Price increased 9.9% to $189,000
List to Close decreased 2.2% to 133
Percent of Original List Price Received increased 1.5% to 94.6%
Months Supply of Inventory decreased 25.2% to 4.2
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