Charlotte NC Local Housing Market Update for December 2022: What It Means for Home Sellers

14 Mar Charlotte NC Local Housing Market Update for December 2022: What It Means for Home Sellers

Charlotte, North Carolina

            The real estate market, in Charlotte NC, has experienced significant changes in the past year, and the December 2022 local market update provides important insights for home sellers. While many people traditionally choose to sell their homes through real estate agents, there are other options available, including selling to real estate investors.

One key metric to consider when selling your home is the months' supply of inventory. This metric represents the number of months it would take to sell all of the homes currently on the market if no new listings were added. In December 2022, the Charlotte region had a months' supply of 1.6, up 100% from the previous year. This means that there is a larger supply of homes on the market, which can lead to longer wait times for sellers who choose to list their homes with real estate agents.

However, selling to a real estate investor can provide a faster and more flexible solution for sellers who want to avoid the potential delays associated with listing through an agent. Real estate investors can use creative strategies, such as cash offers or seller financing, to make an offer that works for both parties. In some cases, investors may even offer more than the asking price for a home that fits their criteria.

Another key metric to consider when selling your home is the percentage of original list price received. In December 2022, this metric was 99.7%, down 1.1% from the previous year. This means that sellers who list their homes with real estate agents may need to be prepared to negotiate on price or make concessions to close the sale.

Selling to a real estate investor can also provide more certainty in terms of closing the sale. Real estate investors typically have the resources and expertise to close a sale quickly, often in a matter of days or weeks. This can be especially valuable for sellers who need to move quickly due to job relocation, family circumstances, or other reasons.

Ultimately, the decision to sell your home through a real estate agent or a real estate investor depends on your individual needs and priorities. If you are looking for a faster, more flexible solution and are willing to consider creative offers, working with a real estate investor may be a good option. However, if you prefer the guidance and expertise of a real estate agent and are willing to navigate potential negotiation and delay challenges, listing with an agent may be the way to go.

Regardless of which option you choose, it's important to stay informed about the local real estate market trends and metrics to make the best decision for your unique situation. By considering factors such as months' supply of inventory and percentage of original list price received, you can make an informed decision that maximizes your selling potential.