The Charlotte real estate market is looking good, according to the recent release of the report from the S&P CoreLogic Case-Shiller index. There has been a trend of rising home prices nationwide, and housing prices in Charlotte, specifically, are rising faster locally than they are across the country, as growth jumps with approximately 16,000 new residents in the past year, coupled with persisting low inventory.
Across the nation, home prices rose an average of 5.8% in March, which is a 33- month high, but in Charlotte, housing prices jumped an even greater 6.7%, as compared with only year ago. Furthermore, the average sales price of Charlotte homes in April was $275,491, which is a 10% increase from the average sales price in April 2016, according to the Charlotte Regional Realtor Association.
For more details on the housing market in Charlotte and the recent Case-Shiller report, as well as what it means for home buyers and sellers, be sure to check out the full article at CharlotteObserver.com.