"Charlotte's inventory jumped 25.9% year-over-year in April, compared to just 4.6% nationally. New listings rose a more modest 5.3%, which means homes added in recent months simply aren't selling as fast."
"Charlotte's median list price landed at $432,490 in April - up just 0.1% year-over-year, holding firm even as inventory piled up. But 20.2% of active listings had already taken a price cut."
"The typical Charlotte home spent 43 days on the market in April - up 7.5% from the previous year, indicating less pressure on buyers."
Charlotte's real estate market has seen a significant increase in inventory, rising 25.9% year-over-year in April, providing buyers with more choices and negotiation power. The median list price remained stable at $432,490, with 20.2% of listings experiencing price cuts. Homes are taking longer to sell, averaging 43 days on the market, yet this is still faster than the national average. Sellers must focus on pricing and presentation to remain competitive in this evolving market.
Read at SFGATE
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