Call Us! (704) 621-3066
maureen@sellyourhomecharlotte.com
Call Us! (704) 621-3066
maureen@sellyourhomecharlotte.com
Ready to sell your home? learn
how to get top dollar and sell it fast!
At SellYourHomeCharlotte.com, we know that selling your house is a
big step. You might feel overwhelmed or burdened by everything
involved in selling your house.
You might be wondering what your house is worth
or if it’s really the right time to sell. This is where we can help.
Over the last 7 years I've sold hundreds of homes and
now I'm sharing exactly how so you can sell your home too.
Inside of the seller seminar you'll get step by step videos
breaking down everything you need to know BEFORE selling
your home - to get the highest price possible,
in the quickest time possible.
pre-market Timelines
How Quickly sold?
pre-market Timelines
How Quickly sold?
Meet Maureen Mahood
trusted Realtor and Broker with years of experience. She can guide you through the buying process to help you achieve your Real Estate Goals.
Maureen Mahood | Realtor & Broker
DRE #281766
Understanding Absorption Rate in Real Estate: A Look at Charlotte's Market in 2023
Hello everyone, I'm Maureen Mahood, broker of SellYourHomeCharlotte.com. Today, we're going to delve into a key concept in real estate - the absorption rate. This term might sound complex, but it's actually quite straightforward and crucial to understanding the dynamics of the housing market.
The absorption rate in real estate refers to the rate at which available homes are sold in a specific real estate market during a given time period. It is calculated by dividing the total number of available homes by the number of sales per month. The figure shows the rate at which the supply of homes is being absorbed by buyers.
Now, let's take a look at the current state of the Charlotte real estate market. According to reports, the number of new listings in June 2023 declined significantly by 31.2% compared to the previous year, with a total of 3,736 new listings. This reduction in inventory suggests a potential shortage of available properties entering the market, potentially impacting buyer choices and pricing dynamics.
This situation indicates a lower absorption rate, meaning the demand for homes is higher than the supply. In such a scenario, it's a seller's market because homes sell quickly due to high demand.
On the other hand, if the absorption rate is high, it means homes are not selling as quickly, and supply exceeds demand. In this case, it's a buyer's market because buyers have more options and more time to make decisions.
Understanding the absorption rate can help both buyers and sellers make informed decisions. For sellers, a lower absorption rate might indicate it's a good time to sell as homes are in high demand. For buyers, a higher absorption rate could mean more options and potentially better prices.
Remember, real estate markets can fluctuate, and the absorption rate can change based on a variety of factors. It's always a good idea to work with a knowledgeable real estate professional who can provide guidance based on current market conditions.
Thanks so much for reading, and as always, make it a great home selling and buying day. If you ever have any questions at all, feel free to reach out, and I'll be happy to help.
Sources:
Norada Real Estate
WCNC
Axios Charlotte
Charlotte Magazine
"It was a pleasure working with Maureen to sell my home."
"Maureen is knowledgable of the real estate sales process and the Windsor Park neighborhood. Maureen was instrumental in researching and determining the sales price, staging the home, coordinating seller's concession repairs, and keeping me informed during the closing process. I highly recommend Maureen"
- Kenneth Flynn
"I highly recommend Maureen Mahood"
"She is highly responsive and will go above and beyond. We had a very positive experience and sold our house quickly and over asking price."
- Heather and Curtis Stickney
"Maureen is the best!"
" She was knowledgeable, direct and really helped us as first time sellers to understand the process. She was always quick to respond to any questions we had and helped us get under contract faster than we thought possible! Highly recommend her for your real estate needs!"
- Abigail Baet
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Sell Your Home Charlotte
6300 Thelo Dr
Charlotte NC 28212