Charlotte has enjoyed a sellers market until about mid 2008. For the first time in a decade, inventory has increased and the life of an active home jumped from 1 month to over 3.5 months on the market. This results in the inventory continuing to expand. Buyers now have choices and the power to choose not only on the options of the home but pricing as well. 
 
Today, Sellers must have their homes in the best condition and price the home according to what has sold. Where data of the past 6 months of similar sold houses would set the market value, now with the changing conditions of the market place, 2 to 3 months is optimal. Whether you are a Buyer or Seller, getting the best information will serve you well in this ever changing market.