Greater Charlotte Market Report: September 2022

Hello! I'm Amanda Glenn Evans (Marsh) (a.gem for short), your local real estate expert, here to give you the market lowdown for the Greater Charlotte Market in September 2022. Based in Union County, North Carolina (with real estate offices in Monroe and Marshville), I'm here to help you navigate real estate transactions in Mecklenburg, Union, Anson, Stanly, Cabarrus, and surrounding counties. This report's stats are pulled through the most available MLS data end date of August 30, 2022.

What's new with SoldBuyAmanda?

Busy=A blessing in my business. When my phone rings, I never take that for granted. I've been spending a lot of time in the car, working on a few new listings, launched a new listing, worked through another buyer's final days in new construction escrow, completed a blue tape walk, attended a social media bootcamp, taught two downsizing classes to local seniors, traveled to the mountains to consult with a client purchasing investment property, and even managed to get my son off to pre-school! I had full intentions of sending you a market round up on my new YouTube channel, but being that I lost my voice this week-you'll see that launch next month.

Here is a peek into my newest listing at 3108 Trinity Church Rd., Concord, NC 28027 (on the Cabarrus line). It's in a great location, <5 minutes to assigned schools, 1 acre with a fenced in yard and beautiful trees, three beds, 1.5 baths, a bonus room, a storage outbuilding, and even has a 220v wired shop! Want to tour? Let's go! Check out the tour, shoot me a text, or call 770.653.7370.

Market Low-down

Realtors in the Greater Charlotte Market are continuing to see the impacts of rising interest rates.

Year over year, our market saw a decrease of 15% of homes listed for sale, an average sales price increase of almost 16%, and an increase to an average of 19 days on the market before contract.

I'm sure you're thinking-what does this mean for me?

If you're looking to sell-is it a good time? Yes. Even with higher interest rates, the overall market is still seeing a 16% sales price increase since this time last year. More money in your pocket? Yes, please.

If you're looking to buy-is it a good time? Yes. Are interest rates at historically low point? No. If you're renting, I can assure you that building your own equity and refinancing at a later date is a better deal than paying someone else's mortgage. If you have a need, consider this-you marry the house and date the rate. What does that mean? A home purchase is a commitment. There is no quick return policy if you hate it (outside of selling it), but if it's one you love, then you can refinance at the right time.

Is there a shortage in supply? Yes. This is what continues to push the prices to increase (as we've seen) rising 16% on average since last year.

With a quick flip through the local news, talking to your neighbor, or even just scrolling Facebook - it's safe for anyone to say the market is shifting, and people are talking about it. What exactly does that mean for your specific market?

Market Reports by area:

Union County

Anson County

Matthews, NC

Stanly County

Cabarrus County

Greater Charlotte Market

As your local expert, it's my honor to walk alongside you in the buying and selling journey. No matter what type of real estate you're looking for, my experience is built on a foundation of 10 years of property management/real estate experience, a masters degree in counseling, and a top-notch negotiating/marketing expert in the realm of residential real estate.

I want to know how much my property is worth

I want to know more about buying property

I'm ready to talk when you are, give me a call/shoot me a text 770.653-7370. P.S. you don't have to be READY or PREPARED to brainstorm plans for your future. That's what I'm here for. I've got you covered.

Make it a great week, my friend!

Real Estate buying and selling service areas for Amanda Evans, Realtor/Broker include (but are not limited to: Mecklenburg, Union, Anson, Stanly, Cabarrus, and surrounding counties. Amanda services sellers/buyers with their residential, land, commercial, farm and estate needs. With offices in Monroe and Marshville, North Carolina, Amanda can meet you on site for an appointment at your convenience.

Amanda's Hot Areas for purchase/sale 2022: Matthews, Mint Hill, Indian Trail, Monroe, Wingate, Marshville, New Salem, Unionville, Fairview, Waxhaw, Weddington, Wesley Chapel, Peachland, Polkton, Locust, Midland, Oakboro, Norwood, and Stanfield North Carolina.