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Is the Economy Actually… Good Right Now?

The S&P 500 just hit an all-time high. So did the median sales price for single-family homes in Mecklenburg County this June (Canopy MLS). Inflation is holding steady around 2.7% and unemployment is stable at 4.1% (Bureau of Labor Statistics), and mortgage rates—while not as low as they once were—seem to have found a groove in the high 6% range.

On paper, the economy looks strong. Stock market up. Real estate values up. Consumer prices mostly under control. Jobs holding steady. These aren’t cherry-picked numbers—they’re signals of a stable and growing economy. Yet, if you turn on the news or scroll through social media, it can feel like we’re all supposed to be bracing for impact.

So what gives? And more importantly—what does all this mean for homebuyers and sellers in Charlotte right now?

For Buyers:

Yes, rates are higher than they were a few years ago, but they’ve been holding steady—offering a level of predictability we didn’t have during the rollercoaster of rate hikes. And with the positive economic indicators, it seems unlikely that they will come down significantly any time soon. If you’ve been sitting on the sidelines waiting for a “better” time to buy, this market might actually offer more opportunity than you think. Stable rates and a strong job market can make now a smart time to make your move—especially before home prices climb higher.

For Sellers:

Charlotte’s housing market is still gaining ground. The all-time high median price in June is a strong signal that demand remains healthy—especially for well-maintained, move-in-ready homes in desirable areas. If you’ve been considering selling, the current strength of the market (paired with limited inventory) could give you a competitive edge.

Bottom Line:

We don’t need to squint to see the positives in the current economy. Yes, there are always challenges and unknowns—but there are also windows of opportunity. Right now, Charlotte’s real estate market is active, values are strong, and buyers and sellers alike have reason to be confident.

If you’re thinking about making a move—or just want to understand how these trends affect your personal goals—let’s talk. We’re always here to help you make sense of the market, no matter what the headlines are saying.

And as always, here’s a summary of the stats for single family homes in Mecklenburg County in March compared to the previous month and again to the same month last year:

  • Home sales are up 3% from last month and 13% from last year.
  • Average sales price is up 3% from last month and 3% from last year.
  • Median sales price is up 7% from last month and 1% from last year.
  • Average price per square foot is up 4% from last month and 5% from last year.
  • Sale to list price ratio at 99% is even with last month, but down from 100% last year.
  • Average time on market is down 10% from last month, but up 12% from last year.
  • Pending sales are down 2% from last month, but down 1% from last year.
  • Supply is up 4% from last month and 29% from last year.
  • Mortgage rates at 6.75% are about even from last month and last year.
  • Average house payment is up 3% from last month and 3% from last year.

You can always find the detailed stats on our website here.

** Data from Canopy MLS

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