Showerthought: The week I saw three houses go under contract in my neighborhood before the 'for sale' signs even went up

This was about three weeks ago in the Cotswold area. I was walking my dog in the morning and saw a new listing pop up on my phone for a house on my street. By the time I got home from work, the sign was already in the yard with a 'sold' rider on it. The same thing happened two more times that week, one on a Friday and another the next Monday. I talked to a neighbor who is a realtor, and she said the sellers had accepted pre-market offers from people who had been waiting for months for something in that price range, which she said was around $550k. It felt like the old days of just a couple years ago, but I thought that kind of speed was gone. It made me wonder if certain pockets of Charlotte are just immune to the slower pace I keep hearing about. Has anyone else in a specific area seen this kind of instant-offer activity lately, or is my neighborhood just a weird bubble?

2 comments

2 Comments

hernandez.jordan1mo ago

Thought the market cooled, guess not.

richard_roberts801mo ago

Three houses in Cotswold doesn't mean the whole market is back to 2021. That $550k price point is a sweet spot where a few eager buyers will jump. It's a pocket, not a pattern. Hernandez.jordan is right to question the cooling, but this just sounds like a couple of people who got tired of waiting. I saw a house in Plaza Midwood sit for three weeks last month. The frenzy is gone for most places.