CHARLOTTE, N.C. (QUEEN CITY NEWS) – The median sale value of a house within the Larger Charlotte space has reached a brand new report excessive of $375,000, in keeping with the newest RE/MAX Nationwide Housing Report.
The report mentioned the brand new excessive is a 22.2% improve over final 12 months.
“We face an enormous scarcity of houses and affordability stays an element for a lot of consumers,” Hadi Atri, president and CEO of RE/MAX Govt in Charlotte mentioned.
The report confirmed that the stock in Larger Charlotte is down 42% over final 12 months.
The typical dwelling additionally sells in simply 23 days, down from 33 days in 2021.
“Builders should not in a position to meet up with demand, and with the upper value of fabric, many consumers can not afford to buy new building,” Atri mentioned. “We’re nonetheless seeing a number of presents and bidding wars. Sellers are within the driver’s seat.”