Why are buyers searching for homes in Charlotte NC being so picky right now? Because they CAN!!!
Current Charlotte NC buyers aren’t going to settle or overlook major drawbacks when they have other options to choose from when it comes to available Charlotte NC homes for sale.
One of the major benefits to homebuyers who are able willing and ready to buy real estate in Charlotte NC right now is the amount of options they have to choose from. With fewer competing buyers and higher real estate inventories in Charlotte NC current real estate buyers are maximizing what they get for their money and they are quite simply focusing on the best of the best when it comes to available Charlotte NC homes for sale.
I’ve mentioned the principle of substitution and real estate in Charlotte NC before – discarding one option in favor of a more appealing or higher perceived value option (Charlotte NC home). That substitution principle is very evident right now in the Charlotte NC real estate market.
Just in the past month or two, brand new real estate listings have gone under contract and sold while other homes (in the same neighborhood or price point) remain on the market and are languishing. It’s happened recently in Olde Providence, Landen Meadows and also in the Cameron Wood neighborhood. It’s also happening to the Beverly Woods real estate market which has come to a virtual standstill with no under contract or sold real estate since November 2008!
Buyers have moved on new listings and rejected other listings that continue to sit on the market. Even today, the Charlotte NC real estate listings that appeal to buyers and offer value to those buyers are moving while other real estate listings are gathering dust and getting “shelf worn”. Bottom line, buyers searching for a Charlotte NC home right now are being highly selective, and it’s all because they can be. They’re taking advantage of one of the major opportunites in the current Charlotte NC real estate market – choice!
Related Articles: Charlotte NC Neighborhood Real Estate Market Reports
Copyright©2009 by Diane McDermott, All Rights Reserved, “Why Are Buyers Being So Picky?”