How Quickly Are Homes Selling In Your State? {Infographic}

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

Homes continued to sell quickly from July through September 2016 with 44% of homes selling in less than one month. The infographic below shows how quickly homes sold in each state. What's worth pointing out is that homes sold so quickly that the time measure now goes up to only 75 days, as opposed to 90 days in the first half of 2016.

 

Amazingly, homes in 42 out of 50 states + the District of Columbia sold in under 60 days. Homes in 17 state sold in under 30 days.

 

How Quickly Are Homes Selling In Your State?

 

How Did The Charlotte Metro Area Compare With National Averages?

 

As I always like to remind my clients, at the end of the day, real estate is not just local, it's downright hyperlocal. So while national and state-wide trends are good to know about, what's really important to know are the local trends that impact how quickly your home sells if you're a seller or how quickly homes get sold if you're a buyer on a limited time-frame. 

 

Although the Sate of North Carolina continues to remain in the 46-60 day sales range through September 2016, in the Charlotte metro area, the numbers were more positive in specific areas of the Charlotte metro:

 

  • City of Charlotte: average days on market stood at 31 days in July 2016, 31 days in August 2016, and 34 days in September 2016.

  • Mecklenburg County (where Charlotte is located): average days on market stood at 34 days in July 2016, 35 days in August 2016, and 35  days in September 2016.

  • Union County: average days on market stood at 42 days in July 2016, 43 days in August 2016, and 49 days in September 2016. Union County has a high percentage of new home sales which take longer to sell than resale homes.

 

Charlotte City and Mecklenburg County homes sold more quickly than the state of North Carolina, as a whole. Moreover, the number of days on market were down by double digits on a percentage basis each of these three months compared to just one year ago. 

 

By the way, if you're currently a Charlotte area home seller whose home has been on the market for more than 45 days, it might well be time to review your asking price.

 

 

Wondering what your Charlotte metro area home is worth in today's market and how quickly it might sell? 

 

 

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

 

If you are considering purchasing or selling 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."

 

Posted by

 

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

 

 Connect with me also on these sites:  

 

facebook google plustwitterlinkedinpinterest

  

                                                                                                                                          

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

 

Search Charlotte Real Estate

 

 

 

 

 

How Much Is Your Home Worth

 

 

 

 

 

 

 

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.

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
North Carolina
Groups:
City and State
Charlotte NC Real Estate
Market Reports
Buyer Information - What Buyers Need to Know in Today's Market
Union County NC Real Estate
Tags:
home sales trends
pace of home sales
how quickly are homes selling in your state
days on market for homes
home sales up nationally
home sale trends in charlotte metro area

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
1,422,507
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Nina - Charlotte market is hot as are many others.  But some like Connecticut are lagging.

Nov 18, 2016 04:02 AM #1
Rainmaker
2,212,457
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Grant Schneider ~ hi Grant, I think it's positive that states like Connecticut are in the minority and as time passes there are fewer of them.

Nov 18, 2016 04:14 AM #2
Ambassador
2,285,598
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

That is a very informative chart.  I see Colorado is in the dark blue.  No surprise there.

Nov 18, 2016 05:04 AM #3
Rainmaker
1,266,376
Nick T Pappas
Assoc. Broker/Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, @HomesBirmingham & Providence Property Mgmnt, LLC Hun... - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

Nina, overall the market is very strong, but it really depends on the price range and neighborhood. On the bright side...I just listed my personal home and it sold in 5 days!

Nov 18, 2016 05:58 AM #4
Rainmaker
2,212,457
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Nick T Pappas ~ Nick... price range can determine speed, but overall it seems anything priced right, staged right, and marketed right is flying out the door in my area. Congratulations on the sale of your home!

Nov 18, 2016 06:09 AM #5
Rainmaker
2,212,457
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Belinda Spillman ~ hi Belinda... Colorado has been on of the fastest selling states for quite a while now.

Nov 18, 2016 06:10 AM #6
Rainmaker
4,395,209
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

This is excellent information to share.

I hope you are enjoying a most productive month.

Nov 18, 2016 07:50 PM #7
Rainmaker
2,212,457
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley ~ hi Roy.... month is shaping up ok. I'd actually like things to slow down just a wee bit with the holidays coming up.

Nov 18, 2016 08:35 PM #8
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
2,212,457

Nina Hollander

Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor
What real estate questions can I answer for you today?
*
*
*
*
Spam prevention

Additional Information