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Charlotte August Real Estate Market Report

Carter Group Realtors Carter

Carter Group Realtors August Charlotte Real Estate Market Report

According to the U.S. Census, homeownership is at 63.4 percent for the second quarter of 2015, down 1.3 percent from the second quarter of 2014. This is the lowest rate of homeownership since 1967.

To put that in greater context,homeownership peaked at 69.2 percent in 2004, and the 50-year average is 65.3 percent. Although the data may be indicating otherwise on a macro level, mortgage applications have kept REALTORS® busy through summer." (Data Source: Charlotte Regional Realtor Association)

Basic Economics…Inventory of Homes is Down as Demand for Housing is Up Increasing the Average Sales Price, reducing the # of Days On The Market for listed homes as well as decreasing the discount a buyer might expect off of a homes listed price! That being said, housing inventory levels seem to be increasing with Newly Listed Homes increasing 2.2%.” Chris Carter, CPA (Broker-In-Charge at Carter Group Realtors)

Many trends continue to reveal a stable housing market. Federal Reserve Chair, Janet Yellen, has predicted a fine-tuning of monetary policy by the end of the year. It is widely believed that interest rates will go up before the year is over, an indicator that the housing market is ready for such a move.

Data Source: Charlotte Regional Realtor Association

Is now the Right Time for you to Buy or Sell a Home in Charlotte or Concord? Home valuation done online can often be inaccurate by up to 30%. Let me analyze your situation and determine the most accurate value of your home.

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