RE/MAX National Housing Report ~ November 2016 {Infographic}

By
Real Estate Agent with RE/MAX Executive | Charlotte, NC
http://activerain.com/droplet/4XHY

 

RE/MAX National Housing Report: 

October 2016 Housing Data

 

 

The RE/MAX National Housing Report for November 2016: "October Sees Near Record Sales" is the "story of the month," with home sales being the second highest and inventory the lowest of any October since RE/MAX began publishing this monthly update some nine years ago. 

 

To quote Dave Liniger, Chairman and CEO of RE/MAX: “Although October sales weren’t quite as robust as what we've tracked so far in 2016, it's only the second month this year that didn’t exceed the strong levels set in 2015. But finishing just 1 percent below October 2015 sales is still a very solid performance. It’s the 13th consecutive month of double-digit decline in inventory year-over-year, and that appears to have pushed prices up in all but one market.”

 

 RE/MAX National Housing Report November 2016

 

 

For a more detailed review, click here for the latest RE/MAX National Housing Report.

 

 

 How Charlotte, North Carolina's region compared to national statistics in October 2016:

 

 

  • Closed sales in the Charlotte region were up 3.4% compared with October 2015 (and up 7.0% on a year-to-date basis). This compares very favorably with national averages where October 2016 sales were down 1% in October 2016.

  • Median sale price of Charlotte region homes was up 12.7% compared with October 2015 (and up 6.8% on a year-to-date basis as compared with 8.3% for national statistics). Charlotte area's median price sale is catching up with national averages at $209,000.

  • Months supply of homes in the Charlotte region was 2.8 months, down 30.0% versus October 2015. This too compares favorably with the national average of 3.9 months. Charlotte is much more of a seller's market, while the national market is more balanced between buyers and sellers.

  • Inventory of homes in the Charlotte region was down 23.1% in October 2016 (compared with national figures down at 15.9%) as compared with one year ago.

 

With continuing demand for homes and rising home prices it may be the perfect time to sell your home. It may also be the perfect time to buy a home before prices rise further.

 

  

This real estate monthly update is brought to you courtesy of Nina Hollander and Carolinas Realty Partners, RE/MAX Executive, your Charlotte metro area real estate consultants. 

 

SEARCH ALL CHARLOTTE, NC REGION HOMES FOR SALE

 

FIND OUT WHAT YOUR CHARLOTTE, NC REGION HOME IS WORTH

 

If you are considering selling or purchasing a home in the Charlotte metro area, I would love an opportunity to earn your business, exceed your expectations, and to prove to you that:

 "The Right Broker Makes All The Difference."

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SEARCH ALL CHARLOTTE METRO AREA HOMES HERE

 

Nina Hollander, Broker, Realtor / REMAX / Carolinas Realty Partners / Ph: 704.779.0813 / F: 704.341.3346 / E: Nina@NinaHollander.com / W: www.GreatHomesInCharlotte.com

Nina Hollander
Broker, Realtor, CRS, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with RE/MAX Executive Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: http://activerain.com/blogs/ninahollander
Search for Charlotte Area Homes: www.HomesInCharlotteArea.com

2007 - 2016 Charlotte Magazine 5-Star Customer Satisfaction Award Winner

 

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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.

 

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Market Reports
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Tags:
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Rainmaker
2,558,103
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Nina, I loved Dave Liniger's quote indeed one per cent less in the overall picture   is still nothing to complain about. I also attribute  that to pre-election jitters, Endre

Nov 27, 2016 02:12 PM #1
Rainmaker
2,215,892
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Endre Barath, Jr. ~ hi Endre... I would agree with you; also there's the issue of lack of inventory.

Nov 27, 2016 02:40 PM #2
Rainmaker
4,398,464
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Thank you very much for sharing this report.

Have a most productive week.

Nov 27, 2016 04:38 PM #3
Ambassador
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Michelle Carr-Crowe-Top 1% Diamond Certified Real Estate Team Sells Cupertino San Jose Homes-Just Call 408-252-8900
Get Results Team...Just Call (408) 252-8900! - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Thank you for an informational post on your local market.

Nov 27, 2016 04:45 PM #4
Rainmaker
1,424,093
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Nina - a few surprises there for me.  I am wondering what is going on in Trenton, NJ.

Nov 27, 2016 06:16 PM #5
Ambassador
3,486,191
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Nashville has abeen a crazy market. Just 40 miles away our market in Clarksville is totally different.

Nov 27, 2016 06:59 PM #6
Ambassador
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Ed Silva
RE/MAX Professionals, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

And I now where that market is that did not match the national averages

Nov 27, 2016 07:47 PM #7
Rainmaker
2,365,268
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Great information Nina Hollander most markets continue to be healthy!

Nov 27, 2016 07:59 PM #8
Rainmaker
2,215,892
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley ~ good morning, Roy...here's to a great week, yourself!

Michelle Carr-Crowe-Top 1% Diamond Certified Real Estate Team Sells Cupertino San Jose Homes-Just Call 408-252-8900 ~ good morning, Michelle... thanks for stopping by and taking time to comment.

Nov 28, 2016 03:55 AM #9
Rainmaker
2,215,892
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lisa Von Domek ~ good morning, Lisa... you're correct... more markets are doing well than not. Let's hope it continues.

 

Nov 28, 2016 03:55 AM #10
Rainmaker
2,215,892
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ed Silva ~ good morning, Ed. I guess then the only way to go in those markets is up (hopefully)!

Nov 28, 2016 03:57 AM #11
Rainmaker
2,215,892
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Debbie Reynolds ~ good morning, Debbie. We have the same here in Charlotte region. Go even 30 miles out and it's a very different and rural market.

Nov 28, 2016 03:58 AM #12
Rainmaker
2,215,892
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Grant Schneider ~ good morning, Grant. I suppose a few surprises is better than always thinking "same old, same old."

Nov 28, 2016 03:58 AM #13
Rainmaker
2,641,976
Sally K. & David L. Hanson
Keller Williams 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce - Short Sale

Maybe I should lease my thinventory graphic to NAR ....hmmm ?

Nov 28, 2016 04:41 AM #14
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Rainmaker
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