Real Estate Recovery in Ballantyne in South Charlotte - BALLANTYNE Market Absorption Rate is just 6 months!
The numbers don't lie!!! We are experiencing a real estate recovery in Ballantyne in South Charlotte! Just as Ballantyne is celebrating its 15th anniversary, MLS data shows that the market absorption rate for Ballantyne is slightly under 6 months!
You may be asking, "What is market absorption rate, and why is it important?" The market absorption rate tells us how long it would take to sell all the Ballantyne homes for sale at the current rate of sales per month, assuming that no new homes come on the market. A balanced market between buyers and sellers is 6 months, and during the recent real estate recession, it was not uncommon to see market absorption rates in Charlotte up to 14 months and beyond. That was bad news for sellers, and meant that buyers had the upper hand - there was more inventory than buyers.
But times, they are a-changin'!!! Ballantyne's 3-month absorption rate is 5.92 months, meaning at the current rate of sales, it will take only 5.92 months to sell off all the homes on the market (assuming no new active listings). This is down from a 6 month absorption rate of 6.88 months, and a 12-month absorption rate of 7.88 months.
OK, I know...I'm a geek for absorption rates! But what this means is that there is a real estate recovery in Ballantyne in South Charlotte! Homes are selling, there's a balanced market between buyers and sellers, Ballantyne sales prices are starting to rise, interest rates remain at an all-time low....
WHAT ARE YOU WAITING FOR?!?!?
The numbers don't lie...there is a real estate recovery in Ballantyne in South Charlotte. If you've always wanted to live in Ballantyne to take advantage of awesome homes, top-rated schools, and access to everything imaginable (shopping, dining, recreation, airport, golf, tennis, etc.), then search for your Ballantyne home for sale right here. Adjust your search criteria to fit your budget and your family's needs. I'm ready to help you every step of the way...just call, text, or email me when you're ready to go!
It's time to take advantage of the real estate recovery in Ballantyne in South Charlotte!
Here's the data I used from the Carolina Multiple Listing Service (CMLS). See for yourself!