Charlotte Single Family Home Appreciation Outpaces Entire Nation
According to the most recent recent S&P CoreLogic Case-Shiller Home Index report, appreciation on single family homes in the Charlotte area is outpacing the entire nation. Values rose to 5.8% in 2016 whereas national values increased by 5.3%.
With Charlotte’s upward climb after America’s great recession 10 years ago, home prices are now 0.1% below record high prices of 2006.
According to the report, “The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which covers all nine U.S. census divisions, recorded a 5.3% annual gain in 2016. The 10-City and 20-City Composites reported year-over-year increases of 4.3% and 5.1%.
This infographic reflects how supply and demand has affected overall home values, nationally.
Points to consider:
- The concept of supply & demand is a simple one. The best time to sell something is when the supply of that item is low & the demand for that item is high!
- Anything under a 6-month supply is a seller’s market!
- Nationally, there has not been a 6-months inventory supply since August 2012!
- Inventory levels differ depending on the area of the country and price range, so let’s get together to discuss the exact market conditions in our area.
If you’re thinking about selling your home for top dollar, call the best Charlotte NC real estate agent Nancy Braun at (704) 997-3794 today! Learn how you will sell your home fast and for top dollar. Your home may already be sold!
Looking to buy a Charlotte home for sale? Find your dream home today or call us for assistance. Search homes at www.ShowcaseRealty.com.
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