These NC cities have some of the slowest housing markets in the country, report says
Home sales tend to pick up this time of year but some are sitting on the market longer than usual, especially in some North Carolina cities.
Stacker released a list of the 50 places where homes are taking the longest to sell, which included four popular metros across the state.
According to the report, homes across the U.S. were on the market for about 31 days on average in May, about two weeks longer than the year prior.
During that time this year in Charlotte, Raleigh, Asheville and Hickory, homes were listed even longer.
“Slowing home sales can indicate a given market is more buyer-friendly. It can also signal a mismatch between prospective homebuyers’ purchasing power and market conditions,” the report says.
Using data from Redfin, Stacker ranked cities across the U.S. by the most days homes were listed sale for May. Metros with over 300 home sales were included and those with the most sales ranked higher in cases of ties, according to the report.
Here’s how long homes were sitting on the market in North Carolina and how they ranked compared to other cities across the country:
Charlotte (ranked no. 47)
Average days on market: 39
Total homes sold: 3,719
Average sale price: $395,000
Raleigh (ranked no. 45)
Average days on market: 40
Total homes sold: 2,094
Average sale price: $440,000
Hickory (ranked no. 38)
Average days on market: 43
Total homes sold: 366
Average sale price: $276,500
Asheville (ranked no. 34)
Average days on market: 44
Total homes sold: 648
Average sale price: $440,000
Click here to see the full list of where homes are taking the longest to sell across the U.S.
.jpg)