While the housing market in the Charlotte NC area, including the Rock Hill SC and Fort Mill SC areas, remain strong when compared to other major metropolitan areas around the country, home prices declined by 3.5% for the 12 month period ending in September S&P/Case-Shiller Home Price Index.
On the flip side, even though this marks the sixth straight month of declines, the Charlotte NC area remains among the best of 20 major urban markets in the monthly index. The average decline was considerably higher than our at 17 %.
As much as we’d love to maintain the steady appreciation we’ve seen while the rest of the country has struggled, it’s no surprise that we saw our numbers finally begin to decline. And as much as I’d love to predict things will turn around soon, with the purchase of Wachovia expected to be completed by the end of this year, I would expect the trend to continue.
Going back to the flip side again though, people are still buying houses so if you’re worried about losing your shirt in this up and down market, have no fear. With a solid plan in place to ensure your home is properly staged, priced, and marketed you can still sell your Rock Hill SC, Fort Mill SC, or Tega Cay SC for a good price!
Contact me today at 704-576-3826 and let’s figure out what we need to do to make it happen!
