Charlotte, NC Housing Market Update – May ‘08

Is it a buyers market or sellers market?  The most often asked question is this a good time to buy or sell Real Estate in Charlotte North Carolina?   That depends on who you are.  As of May 08 we have 2386 sold in May with an average of 91 days on the market.  I’d say that’s back to normal for this agent. 

If I’m a seller I need to price my home aggressively.  I need to know that there are other homes in Charlotte that are doing the same.  I have to be well presented both inside and out so that when someone is looking for homes for sale in Charlotte they will see the very best.  As the inventory begins to dwindle in Charlotte North Carolina it will quickly become evident that the market has swung to the seller. 

Some sellers believe that many Realtors like a quick turn and therefore we price our homes too low.  Well this Top Charlotte Agent believes that you have to price it correct and it will sell.  The true market value of a home in Charlotte is set by the buyer and not anyone else.  I want my clients to get the most for their home, in the lease amount of time and with the least amount of effort.  I’ve been representing clients for 18 years in the greater Charlotte North Carolina area and I clearly understand the importance of pricing it right and presenting and marketing it well. 

Our housing market reports page offers several market reports on various real estate areas of Charlotte.

Does anyone have any experiences both good and bad that they would like to share?