April’s numbers tell a story that I think matters for both buyers and sellers in the Charlotte region.
We are seeing more activity come into the market. New listings were up 7.3% compared to last April, pending sales were up 14.9%, and inventory was up 10.7%. That means buyers finally have more choices than they did during the tighter years, which is a good thing. But here is where it gets interesting: closed sales were still down 2.8%, and days on market increased to 56 days, up from 48 last year.To me, that says buyers are out there, but they are being more selective. They are looking, they are comparing, and they are not rushing into homes that feel overpriced, dated, or not quite worth the monthly payment.
The part that may surprise some people is that prices are still holding steady. The median sales price was up slightly to $399,000, and the average sales price was up to $522,405. So even with more inventory, we are not seeing prices fall across the board. We are seeing a market where the best-prepared homes are still getting attention, while the homes that miss the mark are sitting longer.
My takeaway: this is not a market where sellers can just “test the price” and expect buyers to chase them. But it is also not a market where buyers should assume every seller is desperate. The opportunity right now is in understanding the details, because the headlines do not tell the whole story.
For sellers, pricing and presentation matter more than ever. For buyers, the extra inventory may give you a little more breathing room, but well-priced homes are still moving. Charlotte is still showing strength, just in a more thoughtful and measured way.
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