United Country Forbes Newsletter

April 24th

AuthorAuthor

Noah Ploeger & Jake Forbes
April 24, 2024

How is the North Carolina Housing Market Doing Today?

“According to the report by NC REALTORS®, the year-over-year changes reveal a slight decrease in listings and sales, standing at -5.1% and -5.9%, respectively. This decrease signals a market characterized by tightness, where demand exceeds supply. Amidst these nuances, the increasing value of homes shines through, with a noteworthy 10.5% year-over-year surge in median sales prices.

When we examine inventory levels, it becomes evident that sellers hold the reins. With just over 3 months of supply available in North Carolina, buyers face competition and may need to act swiftly to secure their desired property.

For investors eyeing opportunities in the North Carolina housing market, the current landscape offers enticing prospects. The seller's market dynamics indicate potential for favorable returns, especially with the sustained increase in median sales prices.

Homeowners, on the other hand, find themselves in a favorable position amidst rising property values. Those considering selling their homes can leverage the current market conditions to fetch competitive prices and maximize their returns.” - NoradaRealestateinvestments.com

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