Realtor.com ranks Charlotte No. 3 top housing market for 2021. That means If you’re looking to buy, home prices and competition will both be high. If you sell, you’ll get top dollar for your home, but face the same record-high prices and record-speed sales as first-time buyers. Remember, though, low mortgage rates (if you qualify) decrease your monthly payments.
33% of shoppers were from out-of-state. Though home prices are on the rise — and there’s an affordable housing shortage — Charlotte is still an affordable city relative to other large metro areas. Many out-of-state shoppers were from Atlanta, New York, Washington, D.C., Miami, and Chicago. Expect this trend to continue.
49% of buyers were millennials. Gen Xers accounted for about 30% of mortgage originations. 5.2% expected increase in housing prices, according to Realtor.com. Right now the median home price is $368,819. This time next year, if predictions are correct, that number will be $387,998.
Top 10 markets (in order):
Sacramento, California
San Jose, California
Charlotte
Boise, Idaho
Seattle
Phoenix
Harrisburg, Pennsylvania
Oxnard, California
Denver
Riverside, California
