Cotswold Market Snapshot
Cotswold, one of the most craved communities in South Charlotte, has become a home-grown hotspot. Opportunity continues to knock for Cotswold home sellers as the number of homes for sale is down 20%, from 99 to 79 from last year – validating that the area is thriving. There are more Cotswold buyers than sellers, which in turn is driving prices up and offering Cotswold homeowners the highest home prices in years.
The average Days on Market Before Going Under Contract is another example that proves how hot the Cotswold housing market is. Currently this number is 13 days, a 32% decrease from a year ago.
Home Supply continues to decrease. YTD supply in Cotswold decreased 23% from 3.5 to 2.7 months – indicating a robust Seller’s Market – with the advantage clearly pointing to Sellers over Buyers.
While news is positive for Cotswold sellers, a correction is inevitable – so if you ‘re considering selling in the next few years – consider doing so sooner rather than later to take advantage of record high Cotswold prices.