Right now its pretty evident that Charlotte real estate has been in a sellers market for the last year or two. What may not be so evident is that there are at least four more counties surrounding the city of Charlotte which is the Greater Charlotte area. These areas are not always accounted for when determining the Charlotte real estate market. Today I reviewed some statistics for the towns directly north of Charlotte to see how their markets are reflected against Charlotte’s sellers market.
The three towns I researched are Concord, Huntersville, and Harrisburg. After reviewing all property types at all price ranges, I noticed there was a dramatic difference in the listing days on the market from 2014 to 2017. In 2014 these three towns had an average of 70 days on the market, versus now there is an average of 20 days on the market. That is almost a 30% decrease in average days on the market for these areas. Its safe to say that areas directly north of Charlotte are in a sellers market as well.
As a Greater Charlotte area realtor, it is very common for home buyers to look at surrounding cities for homes to purchase. Not everyone wants the city traffic and large school system. There is much to offer in the Greater Charlotte area such as, more land, better schools, recreational activities, convenient commutes, and country/city flexibility.
If you are considering selling your Greater Charlotte home, contact me to receive the exact statistics for your neighborhood. If you are considering purchasing a home in the Greater Charlotte area, contact me plan your home buying strategy.