The pendulum of Charlotte's real estate market is swinging toward balance after years of seller dominance, according to local expert Mike Sposato of Carolina Realty Advisors. Drawing from fresh Canopy MLS data, Sposato reveals a remarkable 42% year-over-year increase in available properties across the Charlotte metropolitan area. For buyers who previously faced bidding wars and pressure to make immediate decisions, this shift creates breathing room to explore options and negotiate terms.

Charlotte's market transformation doesn't signal a downturn but rather a normalization, with the average time from listing to closing extending from one month to nearly three months. "That's still, in historical terms, great," Sposato explains, positioning the current environment between a seller's market (one month to sell) and a buyer's market (twelve months to sell). "Between four to eight months—that's a healthy market," he notes, suggesting Charlotte is progressing toward equilibrium while still favoring sellers overall.

Despite increased inventory and normalization, property values continue their upward trajectory with average sales prices climbing 5% year-over-year. The spring season brings traditional heightened activity, with lakefront properties on Lake Norman and Lake Wylie performing exceptionally well. Premium neighborhoods like Dilworth, Myers Park, Waxhaw, and Cornelius maintain their desirability, particularly among out-of-state buyers relocating from high-cost regions who find Charlotte offers remarkable value. With approximately 130 new residents arriving daily, Charlotte's housing market remains fundamentally strong even as it adapts to changing conditions.

Whatever your real estate goals, understanding these evolving market dynamics is essential. Connect with Mike Sposato and Carolina Realty Advisors at CarolinaRealtyAdvisorsGroup.com or by calling 704-619-7070 to navigate Charlotte's real estate landscape with confidence and insider knowledge.

Carolina Realty Advisors

Mike Sposato

 (704) 619-7070
[email protected]

carolinarealtyadvisors.com