Charlotte earns a top spot in Bankrate ‘heat index’ of hottest US housing markets
Charlotte, despite seeing a cooler climate for residential real estate post-pandemic, is still home to one of the nation’s hottest housing markets, according to Bankrate.
The New York City-based consumer financial services company released its 2023 Housing Heat Index this week, with Charlotte at No. 5 — the highest-ranking major metro area. Bankrate based its study on six measures: one-year price appreciation, one-year job growth, population growth, active residential listings per 1,000 people, listings’ median days on the market and unemployment rate.
“A high score on Bankrate’s Housing Heat Index generally means a region is in a seller’s market,” Bankrate analyst Jeff Ostrowski said. “So for now, it’s a good time to be a seller in Charlotte and not a great time to be a buyer.”
Bankrate pulled data from several sources to compile the index, including the Federal Housing Finance Agency, Realtor.com, U.S. Bureau of Labor Statistics and U.S. Census Bureau.
Read more here.
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