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Charlotte Ranked #3 Top Housing Market For 2021


Houses are still selling in record time in the Charlotte, NC area. Chief Economist, George Ratiu at Realtor.com just ranked Charlotte #3 top housing market in 2021. He predicts home prices will steadily increase to a peak in 2021. Interest rates are still low, and the pandemic has shifted where people are moving, which has created the perfect real estate market in the Queen City.

Charlotte is still an affordable city compared to other large metro areas.

Charlotte, NC has been a destination for large corporations, tech companies, and millennials for years. Many out of state home shoppers come from Atlanta, New York City, Washington DC, and Chicago, where home prices are much higher. The average home price in Charlotte is $368,819, whereas in Washington DC it is $645,455.

Millennials are buying homes now.

An estimated 49% of buyers in the Queen City are millennials. Low interest rates may be enticing more in this age group to either become a first-time homebuyer, or make a move to the suburbs for more space.

Home prices are on the rise.

If the predictions are correct, home prices will rising over the next year. These predictions are based on residential construction, unemployment, and mortgage rates. The average home price is expected to be $387,998 this time next year.

What other cities made the list?

The top 10 markets in order are:

  1. Sacramento, CA
  2. San Jose, CA
  3. Charlotte, NC
  4. Boise, ID
  5. Seattle, WA
  6. Phoenix, AZ
  7. Harrisburg, PA
  8. Oxnard, CA
  9. Denver, CO
  10. Riverside, CA

Want to learn more about Charlotte, NC?

If you are thinking of relocating to the Queen City in the new year, contact your preferred Dickens Mitchener agent, or reach out to Catharine Pappas, our Director of Relocation to pair you with an agent. We look forward to welcoming you to the Queen City!