NC 2020 Housing Forecast | Realtor.com
NC 2020 Housing Forecast | Realtor.com
A new report by Realtor.com, the real estate listings website affiliated with the National Association of Realtors, predicts slowing sales and flat prices in the North Carolina housing market in 2020.
Average home prices and slight bumps in sales are the predictions for North Carolina’s largest markets.
In Charlotte, Concord and Gastonia, home prices are expected to remain flat. In Greensboro and High Point, prices are expected to go down by 2.9 percent. Sales in Winston-Salem will be down 3.6 percent, the forecast said.
Expect prices in Raleigh to continue to go up by a modest 2.2 percent. In Chapel Hill and Durham, prices will increase only about 1.2 percent, the Realtor.com forecast said.
Nationally, existing home sales are expected to go down by 1.8 percent. Home prices are expected to decline in more than one quarter of the nation’s largest cities.
Realtor.com said economic uncertainty may cause some consumers to pull back on spending in 2020.
Alerts Sign-up