Home prices in North Carolina have grown 72% in the last five years, that’s compared to 57% nationwide. What does that mean for current homeowners? They could reap major home sale profits, particularly if they bought more than five years ago.
In the Charlotte region specifically, home prices continue to rise at a steady pace year over year. The median home sales price is $385,000 (up 2.7%) and the average price is $491,285 (up 9.1%), the latest MLS data show. Matthews, Huntersville, Waxhaw, and Charlotte have proven to be buyer hotspots with numerous showings per listing heading into the early spring market.
Mortgages are trending downward, too. This means many buyers who’ve hesitated or were priced out in previous spring markets will be ready to jump off the sidelines. However, homes are sitting on the market longer, which means pricing your home correctly is key to winning these discerning buyers over.
The only way to know how much your house is worth is to talk to an agent. So, if you’re thinking of selling this spring, let’s connect! From figuring out your home’s value to putting it on the market and closing the deal, I’ll be there for you every step of the way.
