20 Jan What Does The Charlotte NC Housing Market Look Like In 2018?
It’s no secret that Charlotte NC is a bustling and booming city. It has even been considered as one of the cities in the running to be the second headquarters for Amazon. Do you already live in Charlotte, and you’re wanting to check out the health of the real estate market in the city? Maybe you plan to move there, or you are an investor who has or is looking to buy property in Charlotte NC.
Bottom line, the Charlotte NC housing market is booming, and you can take that to the bank. Let’s look at some of the numbers so that we can see what you can expect whether you are a buyer or a seller. If you look at a market temperature metric, the gauge reads in the seller’s favor. That doesn’t mean buyer beware, however, as buyers are seeking out individual deals. It is just helpful information to know.
The average home value in Charlotte is right under $200k. The one year forecast for home values in Charlotte is for them to rise approximately 4.5 percent. As for the median listing price, it is right around $285k. As for homes with negative equity, the percent of homeowners that fall into that category is about 10 percent. Just under 2 percent of homeowners are delinquent on their mortgages.
All of these stats and more speak to the health of the real estate market in Charlotte NC. Now you can continue to look at stats and how they relate to your business, and you can work towards your next purchase or sale of property in Charlotte. The median home value is a little lower than I expected, but as you noticed, it is also on the rise. Maybe it is time to buy before property values increase. Just don’t rush into any investment.