In the latest episode of Charlotte Today, Nancy Braun, owner and broker-in-charge of Showcase Realty, shares helpful insights about the current condition of the Charlotte real estate market and what it means for buyers and sellers.
At present, the Charlotte market is at an all-time high, however, there are fewer homes for sale right now. Nancy explains that there are many factors that are in play. One of these is the fact that millennials tend to delay buying their first homes. As a result, there are just a few move-up buyers.
Nancy mentions that there’s really not much to sell. And with buyers looking in to relocate, there’s bound to be some competition. Aside from the millennials, the baby boomers are also in the market as they try to downsize.
For sellers, Nancy recommends that it’s best not to wait for spring before listing your home for sale. It’s better to put it on the market now as there is less inventory out there. For buyers, she suggests that they should pay more attention to interest rates because it’s the one that really drives the cost to the house. In fact, it’s more relevant than the actual purchase price because it affects how much the buyer is gonna be spending on the purchase. And although the interest rates are still historically low, buyers should act fast because the interest rates have been gradually rising and are expected to continue to do so.
If you’re looking for professionals who know the ins and outs of the Charlotte real estate market, there’s only one team you can trust — Nancy Braun and her team of agents at Showcase Realty. Get in touch with them today at 704-488-3109 and experience unparalleled real estate service.
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Broker-In-Charge / Owner
Showcase Realty LLC
1430 S Mint St #106, Charlotte, NC 28203