JOURNAL

Dec
04
Charlotte Ranked in top 10 metro market home sales

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Charlotte ranks seventh on the National Association of Realtors’ list of the nation’s 100 largest metros ranked based on forecasted home sales for 2018.

The top metro market in North Carolina, Charlotte is expected to see a 5.98% increase in homes sales and a 3.02% increase in home prices.

Realtor.com® Forecast for Key Housing Indicators



Home price appreciation 3.2% increase, enabling a sales pickup


Mortgage rate Average 4.6% throughout the year and reach 5.0% (30 year fixed) by the end


Existing home sales 2.5% growth, low inventory trend starts to reverse


Housing starts 3% growth in home starts; 7% growth in single family home starts


New home sales Increase 7%


Home ownership rate Stabilize at 63.9% after bottom in Q2-2016



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