February Market Update for South Charlotte
Here are some interesting stats from February for the South Charlotte real estate market. These are single family numbers. If you thought you missed your opporunity to sell, you probably haven't. Why? I think that people have come to grips with the fact that interest rates are what they are and still under the historical norm. Second, roughly 60% of all American's who have a mortgage are at a rate less than 4%. They aren't inclined to move like those who have to move due to some circumstance. That further exacerbates the inventory problem we have. Remember that all real estate is hyper local. The numbers and demand will vary by area of the country, state and even city.