Slowdown ahead for Charlotte’s hot housing market?

CHARLOTTE, N.C. — Could Charlotte’s strong seller’s market for housing be coming to an end? David Hoffman, a longtime local Realtor, believes the answer to that question is yes — and it could happen sooner than people may think.

Hoffman said he is already seeing signs of a looming shift here, one being the turning ratio in coming soon and active listings versus pending sales. A year ago, in a growing area like Ballantyne or Fort Mill, he said there were three pending single-family home sales to one active listing. Fast forward to now, and coming soon and active listings are starting to outpace pending sales at the opposite ratio, he said.

Hoffman talked with CBJ about trends he sees in the local market and advice for prospective buyers and sellers. Read the full story here.

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