Charlotte’s fix and flip market in October remained steady but measured. Median prices held between $380,000 and $440,000, with homes taking about 26 days to sell compared to 17 last year. Inventory continues to rise, easing buyer urgency and tightening margins for investors. Demand for quality renovated homes is still strong, but higher rates and longer hold times require patience, precision, and solid underwriting. In today’s market, disciplined investors with flexible strategies continue to find the best opportunities.
In October, the U.S. mortgage market continued showing gradual signs of relief. The average 30-year fixed rate hovered around 6.3%, slightly down from recent highs. While borrowing costs remain above historic norms, the recent stability has boosted confidence among buyers and investors. Forecasts still point to rates averaging near 6% by 2026, which could open the door for refinancing and renewed market activity. Overall, October brought cautious optimism as the market edges toward a more balanced lending environment.
