Skip To Content

    Charlotte Ranked in the Top 3 Markets for 2021 | The Sarver Group

     

    George Ratiu, Realtor.com’s senior economist, predicts 2021 will be similar to 2020 in Charlotte: Home prices will steadily march toward a peak and houses will continue to sell in record time.

    Why it matters: If you’re looking to buy, home prices and competition will both be high. If you sell, you’ll get top-dollar for your home, but face the same record-high prices and record-speed sales as first-time buyers. Remember, though, low mortgage rates (if you qualify) decrease your monthly payments.

    Trends by the numbers:

    • 33% of shoppers were from out-of-state. Though home prices are on the rise — and there’s an affordable housing shortage — Charlotte is still an affordable city relative to other large metro areas. Many out-of-state shoppers were from Atlanta, New York, Washington, D.C., Miami, and Chicago. Expect this trend to continue.
    • 49% of buyers were millennials. Gen Xers accounted for about 30% of mortgage originations.
    • 5.2% expected increase in housing prices, according to Realtor.com. Right now the median home price is $368,819. This time next year, if predications are correct, that number will be $387,998.

    Where the data come from: Ratiu says Realtor.com looks at household formation, residential construction, and unemployment and mortgage rates and current figures, among other measures over a long period of time.

    Top 10 markets (in order):

    1. Sacramento, California
    2. San Jose, California
    3. Charlotte
    4. Boise, Idaho
    5. Seattle
    6. Phoenix
    7. Harrisburg, Pennsylvania
    8. Oxnard, California
    9. Denver
    10. Riverside, California

    (Source: Charlotteagenda.com)

    Contact Us Now

    Any questions, comments, or feedback

    Trackback from your site.

    Leave a Reply