Early numbers for March are in, and 2019 sales are looking like a repeat of 2018. Home sales and pending sales are both tracking at the same pace from last year. Prices are showing small but healthy gains. Time on market is climbing ever so…
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2019 Spring Sales in Charlotte Mirror 2018
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Charlotte Home Sales & Prices Up Early
The spring 2019 selling season has begun and the early months have experienced increased home sales and continued rising prices over last year. February saw 6% growth in the number of home sales and 7% growth in average sales price. Last month, we reported that…
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Huge Jump in Charlotte Pending Home Sales in January
So far the real estate market in Charlotte for 2019 is looking a lot like last year. Prices are relatively flat and the number of homes sales are virtually unchanged. Supply is up slightly along with time on market. But the most surprising statistic is…
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Newcomer’s Guide: A Tour of Charlotte Neighborhoods
by Jackie Mistretta If you’re new to the area you may be overwhelmed with where the “best” place in Charlotte is to be located, and for a good reason. Each part of this city seems to be deemed a perfect fit… it all just depends…
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Charlotte Real Estate Finishes the Year with Strong Price Gains
Charlotte real estate will finish the year strong with large price gains for 2018. Sales are beginning to slow as evidenced by the number of home sales and pending home sales. However, the consistently low inventory over the past several years has lead to rising…
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Second Best October for Charlotte Home Sales in Ten Years!
A little perspective goes a long way especially when it comes to real estate market concerns. I’m hearing a lot of people talking about how the real estate market in Charlotte is slowing down. There is some truth to that statement because demand is slightly lower than…
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Year Over Year Supply Up – First Time Since 2014
For the past several years, low inventory has been the defining factor of the real estate market both nationally and locally here in Charlotte. The most recent stats for Charlotte show that in September, inventory has increased year over year for the first time since…
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Jackie’s View on the Changing Market
This month Jackie Mistretta, our team’s listing coordinator, shares her perspective on the changing market as we head into fall…. When do you think the real estate market will change? It’s a question I hear often from everyone knows that I am in real estate.…
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Back to School, Back to Buying and Selling, Please!
Many private schools are back in session this week. Next week Charlotte Mecklenburg Schools are back in action. So its time to come home from vacation. Its time to go back to work. And its time to start buying and selling real estate again. The…
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Summer Slowdown in Effect
Around this time each year, I get excited to look closely at the real estate market statistics and evaluate where the market appears to be headed. Yes, I know I am a data geek and have been told that for years. By July, the market…
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Charlotte Real Estate Bucks National Trends
I feel lucky to live in Charlotte. We are a vibrant and growing city and people around the country are taking notice. According to a recent article in the Charlotte Business Journal, on average, approximately 43 people move here every day! We have an excellent…
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Charlotte Home Prices Up Again
Last month I reported that the average and median sales prices for March had hit an all time high for Mecklenburg County. It is likely we are going to see that record broken month after month for the next few months. Based on the seasonality…
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Charlotte Average Home Price Hits New Record High
The seasonality of the Charlotte real estate market seems to be holding true yet again this year. Historically, home prices follow the same pattern year after year whereby the low point generally happens in January or February and the high in June or July. In…
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Rising Rates and Rising Prices
Later today the Federal Reserve is expected to raise interest rates which will be the first increase for 2018, but the sixth time since December 2015. I’ve had many conversations recently about how the federal funds rate impacts mortgage interest rates. While I’m no expert…
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Seasonality of Charlotte Real Estate Market Returns
Last month there was an unusual jump in the average sales price of homes in the Charlotte area. It was unusual because as we head into the deep winter months, we generally see a slowing of home sales and a seasonal drop in prices. I…
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Irregular Price Jump in December!
Low inventory continues to define the Charlotte real estate market. The latest numbers for Mecklenburg County indicate a 2.7 month supply which is well below what is considered a balanced market of 6 months. Sellers still have the upper hand. Due to seasonality, this time…
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Finishing 2017 Strong in Charlotte
Wow…Charlotte real estate has experienced quite a year of growth in 2017 and will finish strong. Followers of this blog know that seasonality means we should typically see a slowdown in sales and reduced prices this time of year. The trend of fewer sales continues…
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Some Real Estate Gratitude in Charlotte Ahead of Thanksgiving 2017
Thanksgiving 2017 is almost here and I’m thankful for my home. As I sit here writing this blog, I’m bundled up in my warm clothes and our fireplace is burning. Yesterday, Sunday and my day off from work, I had a blanket wrapped around me…
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Charlotte Real Estate Holding Steady Heading into Fall
The Charlotte real estate market is showing signs of stability as we head into the fall. Usually this time of year we start to see sales fall and prices dip and this year is not exception. The market stats are showing a slow season shift…
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Opportunity Knocks – Season Price Dip Begins
There’s no denying that the Charlotte real estate market is red hot and 2017 has been a peak year for home prices. June was the record setting month with an all time high average sales price for Mecklenburg County. It also set the new record…
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