Charlotte Area Real Estate Sales are Up, But Prices are Down

Charlotte Area Real Estate Sales are Up, But Prices are Down

The Charlotte, NC area Real Estate market saw a significant 26.8% increase of sold homes from November 2010 to December 2010. These statistics were based on Mecklenburg, Union, Gaston and Iredell counties. Overall, we saw a 23.4% increase of sold homes from December 2009 through December 2010.

It appears that our Charlotte Area inventory or volume of homes in the market is slowly shrinking, but the sales prices of homes are lower than usual. It is still a buyers market which is an explanation of basic economic theory of supply and demand.

Here are some tips for the home seller:

• Have your home competitively priced!
• Have your home in good condition
• Think about adding a home warranty for buyers
• De-clutter closets and pantries (it is important for buyers to be able to see SPACE!)
• Depersonalize your home so that buyers can envision themselves living in your home
• Curb appeal. How does your home look from the outside?
• Have your home staged to sell. Furniture placement and the general flow of your home is important.

When you have a showing:

• Open window treatments and turn on lights.
• Put any dirty dishes into the dishwasher.
• Make the beds.
• Put any dirty laundry inside the washing machine.
• Wipe down counters in kitchen and bathrooms.

In today's Charlotte Area Real Estate market, If you need to sell your home, you need to be competitive!

The Sales Price of Your Home Is Determined by the Current Market Conditions and Today’s Buyers