Charlotte NC Local Market Update for Spring 2023

[Kai Kopsch]

Overall, the Charlotte-Concord-Gastonia real estate market is poised for growth in the coming years, offering opportunities for both buyers and sellers this spring of 2023.

Looking ahead to March 2023, the Charlotte region's housing market will likely remain relatively stable, with a gradual increase in inventory, as more sellers enter the market. Months Supply of Inventory increased from just 0.6 to 1.3 a + 116.7% & Median Sales Price year to year from  $360,000 to $365,000 + 1.4%.

For buyers, this market forecast suggests it may be a good time to purchase a home in the Charlotte-Concord-Gastonia area. With a significant percentage of sales occurring below the list price, buyers may be able to negotiate better deals.

For sellers, the forecast indicates that there will be continued demand for homes in the Charlotte-Concord-Gastonia area. However, inventory is rising, which may lead to increased competition among sellers. Homes in good areas priced reasonably still reserve multiple offers and sell quickly.