Special offer

Charlotte Region Housing Market Update: February 2015

By
Real Estate Agent with Coldwell Banker Realty 179530

Charlotte Region Housing Market Update:
February 2015

 

What's not to like about the positive performance of the Charlotte region's housing market in February 2015? Charlotte region's housing market turned in a strong performance in the second month of the new year, with none of the key metrics disappointing:

 

  • February 2015 Closed Sales: up 20.8% versus February 2014 and +14.3% on a year-to-date basis comparing February 2015 to February 2014.


  • February 2015 Pending Sales: up 33.9% versus February 2014 and +29% on a year-to-date basis comparing February 2015 to February 2014.


  • February 2015 Average List Prices:  increased 5.2% to just over $288,000 versus February 2014 and +4.7% on a year-to-date basis comparing February 2015 to February 2014.


  • February 2015 Average Sale Prices: up 6% to just under $219,000 versus February 2014 and +4.3% on a year-to-date basis comparing February 2015 to February 2014.


  • February 2015 Percent of Original List Price Received: up 0.9% compared with February 2014 to 93.5% and +0.5% on a year-to-date basis comparing February 2015 to February 2014.


  • February 2015 Inventory of Homes for Sale: down 19.3% versus February 2014 with new listings decreasing 2.1% in February 2015.  On a year-to-date basis new listings are down 3.4% comparing February 2015 to February 2014.


  • February 2015 Supply of Homes for Sale: down 27.9% to 3.9 months. Charlotte region's housing market is not only increasingly a seller's market, it's also important to point out that parts of the Charlotte metro area have only 2-3 months of housing inventory and some even less than 2 months.

 

February 2015 Housing Market Report

 

The message for Charlotte region home buyers hasn't changed in months:

 

  • The supply of homes available to buy remains very tight and those that are on the market are selling more quickly. In prime neighborhoods, we see many homes going into contract in under three days of listing. Buyers will continue to have fewer options to choose from and will need to make decisions and offers more quickly than ever.


  • While home prices are not "running away with themselves," they are continuing a steady increase.  Buyers need to be prepared to pay more for a home and to expect to negotiate less off the asking price. Depending where in the Charlotte metro area buyers are looking, they may not be able to negotiate at all and should expect to see bidding wars.

 

The message for Charlotte region home sellers also hasn't changed in months:

 

  • If a home is priced right, staged right, and marketed right,  it will sell and, on average, should sell in less than three to four months.


  • Sellers who have been overly aggressive in pricing their homes are not getting their homes sold. Pricing is still key.


  • Sellers need to be prepared to move quickly and to have back-up plans for a new residence at the ready.

 

LOOKING FOR A HOME IN THE CHARLOTTE AREA? CAROLINAS REALTY PARTNERS CAN HELP!

WONDERING WHAT YOUR CHARLOTTE AREA HOME IS WORTH IN TODAY'S MARKET?

BECOME A CHARLOTTE ARE MARKET ISIDER FOR FREE!

 

SEARCH ALL CHARLOTTE AREA HOMES FOR SALE HERE

 

 

Posted by

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From The Greater Charlotte Area
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

Charlotte Magazine 5-Star Customer Satisfaction Award Winner Since 2007

 

 Connect with me also on these sites:  

 

facebook twitterlinkedinpinterest

  

                                                                                                                                          

Oh by the way, I'm never too busy for any of your referrals!

 

Find Your Charlotte Home

 

How Much Is My Home Worth       Free Charlotte Relocation Package

 

 

 

Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

Comments (6)

Jon Kolsky
Kolsky Realty & Management - Long Beach, CA
Licensed California Real Estate Broker

Nina Hollander ~ Awesome market update! I know buyers in your area not only need this info, but they appreciate it, too! 

Mar 09, 2015 04:25 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hey Jon Kolsky ~ hopefully they don't think of it as a medicine they have to take!

Mar 09, 2015 04:48 AM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Nina. Your inventory continues to decline, but everything else is trending upward. Hope the positive trends continue.

Mar 09, 2015 07:47 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

As they say, Joe Petrowsky ~ "from your mouth (or pen in this case) to God's ears!"

Mar 09, 2015 08:45 PM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Nina, nice to read the positive update for the Charlotte Region Housing Market.

Mar 09, 2015 09:30 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Thanks, Gabe Sanders ~ after so many years of lackdaisical performance, it's great to watch our markets improve this way!

Mar 09, 2015 10:10 PM