March Market Report

Dear Neighbor,

Selling a cherished home—one filled with memories and significant value—is a major decision, and you’re right to approach it with care. You understand the stakes, from protecting your privacy and minimizing disruptions to navigating an ever-changing market.

Your home is one of your greatest financial assets, and you deserve to make informed, confident decisions. By staying ahead of local market trends and understanding how they impact your home’s value, you take control of the process. A transaction of this magnitude shouldn’t be left to chance, and your commitment to getting the facts ensures the best possible outcome.

Here are the top things you need to know:

Prices rise despite slower sales activity

Fewer homes are going under contract, and fewer transactions are closing compared to last March, with declines of 9.8% and 6.3%, respectively. However, home prices are still increasing and are up 7.1%, indicating that demand, though lower, is still strong enough to push up prices.

Sellers face fewer buyers, but serious ones still pay a premium. Limited inventory supports prices, keeping sellers in a strong position. Strategic pricing and polished listings are key to attracting serious offers.

Price Per Square Foot Holds Steady but Remains Up 5.2% YTD

The price per square foot has remained steady at $530 for the past four months, suggesting a period of market stabilization after previous gains. However, YTD, prices are still up 5.2%, reflecting overall appreciation despite recent price consistency.

For sellers, this trend reinforces that demand is still supporting elevated prices, but buyers may be reaching affordability limits, making pricing strategy more critical. Holding steady for several months suggests the market is finding an equilibrium, meaning sellers who price competitively and present their homes well can still capitalize on strong year-over-year gains.

Homes are Taking Longer to Sell Amid Tight Supply

Median days on market has risen to 8, doubling from a year ago. While this increase suggests a shift toward a more balanced market, homes are still selling relatively quickly by historical standards. The extended time on the market may reflect buyers becoming more selective or taking longer to make purchasing decisions due to affordability concerns.

Meanwhile, housing supply remains at 1.4 months for the third consecutive month, down 6.7% from last March. This continued low inventory supports price stability and seller leverage, as buyers still face limited options. However, with homes taking longer to sell, sellers should focus on competitive pricing and strong presentation to attract serious buyers in a market that remains tight but is showing signs of slowing demand.

As a homeowner, what does this mean for you?

If you are thinking of selling in the next 12 months, preparing now gets you the results you deserve and avoids the stress you don’t need.

This is likely your largest personal investment, and you deserve to navigate it with confidence. I’m here to provide expert guidance, market insights, and strategic support, ensuring you stay in control every step of the way. With the right knowledge and strategy, you can achieve the best possible outcome.

From day one, you take the lead with a customized plan designed for success. Your home deserves top value, and I provide the tools, insights, and connections to help you achieve it. With a targeted marketing strategy and access to top professionals, you can position your home for maximum return. When it’s time to go to market, your informed decisions—backed by my expertise—ensure you secure the best possible result.

If you are thinking of selling your home in the next 12 months, call me today for your initial, no obligation consultation > 704-604-1210

We will cover your goals, my unique approach to getting you the highest possible price in the fewest days on market, and if it’s a fit, next steps from there.

Call today > 704-604-1210

To your success!

Stephanie Cline
Belle Properties
belleproperties.com
stephanie@belleproperties.com
704-604-1210

Myers Park Market Highlights for February 2025

*Source: Canopy MLS through 2/28/2025

What Clients Are Saying

Stephanie was simply amazing helping my parents sell their home! She helped us prep the house and stage it for the initial listing – which we’ve never experienced with another realtor. This was quite a feat as my parents had been in their home for 45 years. She was able to sell it at a significantly higher price than my parents and I could have imagined. We had high expectations and she far exceeded them; all while being incredibly patient, kind, and efficient with an older generation. Truly a blessing on all fronts. I would highly recommend Stephanie to anyone looking for a realtor!

~Seller

Stephanie enabled our out of state move to be seamless and expeditious. Her knowledge in real estate and the Charlotte market are unmatched, making the selling experience easy and successful. Stephanie listens extremely well to client desires and concerns, addressing them with a well developed strategy to meet all needs. Her home selling advice was impeccable and working with her absolutely exceeded our expectations. She was more than attentive and went above and beyond to represent us in the sale of our home. Consult Stephanie for an extraordinary real estate experience. She’ll take great care of you!

~Seller

Stephanie was recommended to us from another realtor. We came to her from out of state and had a very limited amount of time to purchase a house. She was incredible and exceeded our expectations far and beyond! She was such a blessing in this crazy market and helped us close on an amazing house in 2 weeks.

~Buyer