Is Selling Your Charlotte, NC. Area Home in 2013 Easier?

For the past few years all that homeowners in the Charlotte, NC. area have been hearing is that selling their home is going to take a longer than average process in the Charlotte, NC. area. Since the first of the year that tone is starting to change. We have seen a dramatic drop in available inventory of homes and lesser and lesser short sales and foreclosures hitting the market. The average inventory levels right now are in favor of a balanced market (inventory being at 6 month supply). Not one that favors sellers or buyers. However; as inventory levels have decreased so drastically, so quickly that prices have not increased in correlation. So, right now we are looking at an adjustment in prices to catch up to the inventory levels. While this is happening sellers are receiving multiple offers on their homes and getting over in most cases what they are asking for their homes. What this is doing is adjusting the market. Soon we will be back at a balanced market and prices will stabilize…. So, how does this bode for a seller in today's market? Buyers are starting to hit the panic button slightly and offer asking price or very close to it in order to ensure they get the house they want with their initial offer. Just in January and February already I sold five of my listings; and all of them sold at asking price or above. Buyers I have taken out have gotten into multiple offer situations and have submitted prices over the asking price to still lose out on some of them. It does not mean that if you have a home in the Charlotte, NC. area that you should price the home over the value substantially in this market....it will sit. People are paying a little more for a home but are not paying more than 10% to 15% over what the average has been in the past 3 months based on the trends. But a home that is priced right and ready to sell and marketed properly will entertain offers quickly and will sell fast... You still need to make sure the house is ready to sell and shows well and your realtor is marketing it properly to ensure it will sell.... Dave diCecco Realtor/Broker Coldwell Banker United www.davedicecco.com