It's a homebuyer's market in Charlotte
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Homebuyers hold an edge in the Charlotte real estate market, so long as you can foot the hefty bill.
The big picture: The Charlotte metro area had about 5,850 more sellers than buyers, a stark 60% difference, signaling a homebuyer's market, per a recent Redfin estimate based on April figures.
Why it matters: The local market's rate is nearly double the 33.7% national average — the widest gap on record, per Redfin — and a big reversal from just a few years ago, when homebuyers were desperate to find a place to live, sending prices into the stratosphere.
Yes, but: The $405,322 median sale price in the Charlotte metro (up 2% year-over-year) means that prospective homeowners should prepare for high home prices.
- Buying a house remains out of reach for most Americans, according to the National Association of Realtors in a recent report.
