Charlotte Home Prices Have Appreciated 7.4% in 2018
Between 1987 and 1999, which is often referred to as the ‘Pre-Bubble Period,’ home prices grew at an average of 3.6% nationwide, according to the Home Price Expectation Survey. Currently, Charlotte is holding at 7.4%, about 1/2% above the national average.
Every month, CoreLogic release the results of their Home Price Insights Report, which includes the actual year-over-year change in national prices and their predictions for the following year.
According to their predictions, the average appreciation over the course of 2018 should be 4.8%, which is greater than the national appreciation average of 3.6%.
What does this mean?
The 2018 real estate market is one of low inventory, high demand and rising prices. The forces currently at work can be simply explained with the theory of supply and demand. However, if a large supply of inventory were to hit the market, prices will start to appreciate closer to the forecasted rate, still greater than the historic norm!
If you are a Charlotte homeowner thinking of selling, now may be a great time to list your home and capitalize on the equity you have in your home, giving you a solid down payment on your next home!
If you're thinking of selling your Charlotte home, let's talk! As with everything in life, preparation is key and I will equip you with what you'll need to get you, as seamlessly as possible, through the home-selling process.
Call or text (704) 491-3310
*References from any of our sellers are available upon request. Read our reviews at www.CharlotteRealEstateAgentReviews.com.
© Debe Maxwell | The Maxwell House Group | CharlotteBroker@icloud.com | Charlotte Home Prices Have Appreciated 7.4% in 2018
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