Your Monthly Market Update For CLT & Concord

Dive into your comprehensive weekly market update for Charlotte and Concord. This update is your one-stop source for all the latest real estate trends, property valuations, and community happenings in your neighborhood. Stay informed and ahead of the curve with our detailed analysis. What's making headlines this week?

Last week, 223 new homes hit the market, a slight uptick from before. We're hoping for more inventory though. Why focus on this? First, new listings are down 30.2% in Charlotte from last year. And second, in the past 7 days, we closed on 335 homes, surpassing new inventory by over 100 homes. The supply-demand gap persists. In July, an astounding 74% of homes changed hands in under a month. What's driving this? High buyer demand, low housing inventory, and a 4+% sales price increase from last year. Curious about your home's value after last month? Reach out; I'm always happy to help. I can assemble a CMA for you so that you are armed with the most current information for your situation.