Danielle Malecek
May 8, 2023
The real estate market in Flat Rock, North Carolina is thriving, with low inventory, high demand, and an increase in median sales prices and luxury home sales.
Click to Access the for Flat Rock, NC - May 2023
The real estate market in Flat Rock, North Carolina remains strong, according to a recent report by Allen Tate Real Estate. Despite low inventory, demand for homes in the area remains high, leading to a 20% increase in the median sales price in April 2023 compared to the same period last year. Of the 8 homes sold in Flat Rock during April 2023, 97% sold for over asking price, indicating a competitive and fast-moving market.
The report also highlights that homes in Flat Rock are selling quickly, with an average of only 10 days on the market, up from only 3 days in April 2022.
Overall, the report suggests that the real estate market in Flat Rock, North Carolina is highly competitive, with homes selling quickly and often for over asking price due to limited inventory and high demand. The luxury home market in the area is also showing significant growth, with strong demand for high-end properties.