"Active listings in Charlotte reached 2,753 homes in March, up 25.7% from a year ago, dwarfing the national inventory growth rate of just 6.2%. New listings surged, with 1,712 homes entering the market, up 14.1% year over year, compared to a national rate of just 0.7%."
"Despite all that extra inventory, prices didn't budge - the median list price stayed flat at $425,000, unchanged from a year ago. However, 19.1% of Charlotte listings carried a price reduction in March, indicating that some sellers came in too high."
"The median Charlotte home sat on the market for 41 days in March, up 5.8% from a year ago. However, Charlotte still managed to outperform the national average in terms of market activity."
Charlotte's real estate market is thriving, with a 25.7% year-over-year increase in inventory and a stable median list price of $425,000. Buyers now have more options, as active listings reached 2,753 homes, significantly surpassing the national growth rate. Although prices remained steady, nearly 19% of sellers had to reduce their asking prices, indicating the importance of accurate pricing. Homes are taking longer to sell, with a median of 41 days on the market, yet Charlotte's performance still outpaces national trends.
Read at SFGATE
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