Is The Housing Market In Charlotte, NC. Shifting Toward Sellers?

A question every Realtor seems to be asking themselves this day in the Charlotte, NC. region is has the housing market is shifting away from the buyers and back to the sellers? The data seems to support that fact that I think we are now moving toward a balanced market. Inventory levels are at the lowest they have been in three years. In fact from last year through February available homes for sale are down 36% in the Charlotte, NC. area. and down almost 50% form two years ago. no matter how you look at it that is a huge reduction of available homes in a short period of time..... There are signs that you know the market is shifting one way or the other. One is the availability of inventory. I sent a couple of buyers homes that fit their criteria. One of the buyers said to me after looking over the list and deciding which ones she liked; she sent it to her husband who said all but one of the five homes you liked is still available. The reason for that is there is a scarcity of inventory right now....We actually have more buyers than we do homes available for them to buy. Another sign is the pricing of homes. I have noticed that house prices are going up and appraisals are coming in at higher numbers based on the lack of inventory out there. House prices are being driven up by multiple offers on homes. I had two homes in the past two weeks that went on the market. One was priced under $100,000 and the other one was over $200,000. So I am covering two different price points of Charlotte, NC. real estate market. Both homes went under contract in less than a week and both received multiple offers and sold for over asking price. In fact one had 15 offers and the other had 7 offers on it...... If you are thinking of buying a home or selling a home in the Charlotte NC. area now may be the optimal time to get in. Sellers are moving homes quickly and buyers are still getting good rates and fair deals.... Dave diCecco Realtor/Broker Coldwell Banker United www.davedicecco.com