"Charlotte's inventory surge gave buyers real options last month. Active listings hit 2,466 homes in February - a 23.5% jump year over year, nearly triple the national increase of 7.9%."
"If you're buying now, modest price softening worked in your favor last month. Charlotte's median list price came in at $417,500 in February, down 1.1% year over year."
"The urgency that once defined Charlotte's market cooled sharply last month. The typical home sat for 57 days before selling - a 27% increase year over year."
"Sellers who overprice today risk joining that pool fast. Homes priced wrong from the start attracted lower offers as weeks passed."
In February, Charlotte's housing market experienced a significant increase in inventory, with active listings rising 23.5% year over year. New listings also increased by 10.1%, outpacing national trends. The median list price in Charlotte was $417,500, down 1.1% from the previous year, while the national median fell 2.1%. Homes took longer to sell, averaging 57 days, indicating a cooling market. Buyers now have more options and time to negotiate, while sellers must price strategically to attract interest.
Read at SFGATE
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