CHARLOTTE — The Charlotte housing market has kept up its strong pace in 2020, despite a pandemic that’s still battering the economy and a divisive presidential election.
[Thriving new Charlotte restaurant opening second location amid pandemic]
Third-quarter home-sales data from California-based real estate analytics firm Attom Data Solutions shows just where housing is most lucrative for investors in the Charlotte market.
Attom’s Q3 2020 U.S. Home Sales Report states that, for the nation as a whole, both raw profits and returns on investment reached their highest points since the economy began recovering from the Great Recession in 2012.
When looking at dollar gains from a typical home sale in the Charlotte region, Mecklenburg County logged the largest amount — $80,000 — in the third quarter when compared to eight other counties in the region. That’s up from $63,500 in the same quarter a year ago.
As for third-quarter profit margins — the percent change between median purchase and resale price — Lancaster County took the top spot with an ROI of 50%. That’s up from 14.7% a year ago.
Read the full story here for more regional stats.
Cox Media Group
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