Market Snapshot January 2016

The number of homes for sale continues to decrease as sellers are experiencing faster sales. While the average days on market is 49 days, the median days on market has dropped to 20! If a home is in good condition, priced right, and marketed well, it's expected to be sold in less than a week.

A 6 month supply of homes is considered a healthy market, however, Charlotte currently has 3.1 months of inventory. Buyers can plan to act quickly when a home they like appears, and sellers are seeing multiple offers on homes that are marketed well and priced right.

Bethany Mitchell Homes: Market Snapshot January 2016