Charlotte, NC: Home Prices Rising at Above-Average Pace. According to Zillow, home prices in Charlotte rose by around 7% over the past year or so (as of August 2019). That was more than the 5.2% gain recorded for the nation as a whole.
One sign that price increases could be slowing. of the total homes sold, according to a recent study from UNC Charlotte’s Childress Klein Center for Real Estate. Last year, that figure was less.
The housing boom isn’t over, but the slowing of price growth in recent months suggests a more moderate pace in the home sales market, a trend most likely tied to rising interest rates. Sellers are.
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Prices are shooting up as the supply of homes. Charlotte A report last month from real estate analysts at Yardi Matrix found Charlotte is at risk of being one of the most “over-supplied” apartment.
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Home prices in Charlotte and elsewhere are rising at a rapid clip as the housing market continues to recover from the last downturn. But are prices climbing too fast? The answer depends on the city.
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“A lot of that is being driven by the strong home price appreciation. It indicates a lack of supply relative to population,” he said. “There is so much employment growth that supply hasn’t kept up.
Homes prices in Charlotte’s housing market continue to soar this summer. Here’s a snapshot at where prices are growing -and slowing.
Charlotte County home values have gone up 6.2% over the past year and Zillow predicts they will rise 1.6% within the next year. The median list price per square foot in Charlotte County is $153, which is the same as the Punta Gorda Metro average of $153.