RE/MAX National Housing Report: March 2017 {Infographic}

By
Real Estate Agent with RE/MAX Executive | Charlotte, NC

 

 

RE/MAX National Housing Report: 

February 2017 Housing Data

 

The RE/MAX National Housing Report for March 2017: "February home prices reached a new high as steady demand combined with record low inventory drove prices up" was the story of the month. 

 

According to the March 2017 RE/MAX National Housing Report,  Active inventory reached a record low for February, dropping 17.9% year-over-year, marking the 100th consecutive month of year-over-year declines dating back to October 2008.

 

To quote Dave Liniger, Chairman and CEO of RE/MAX: “Inventory, not the rise in interest rates, remains the principal constraint on home sales. The resale market is driven dramatically by the availability of new homes. Most U.S. markets have a high demand for new home construction, and although it’s good to see housing starts trending upward, we still need more.”

 

RE/MAX National Housing Report March 2017

 

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 February 2017:

 

  • Median sale price of Charlotte region homes was up 10.2% compared with February 2016 versus 6.0% nationally. Charlotte area's median price sale is catching up with national averages at $199,000 and increased from $180,525 just one year ago.
     
  • Closed sales in Charlotte region also compared favorably with national averages of -0.02% with closed sales up 0.5% in February 2017 versus February 2016.
     
  • Months supply of homes in the Charlotte region was 2.3 months, down 28.1% versus February 2016. Charlotte region's months supply of homes is considerably lower than the national average of 3.6 months.
     
  • Inventory of homes in the Charlotte region was down 21.4% in February 2017 (compared with national figures down at 17.9%) as compared with one year ago.
     
  • Average days on market in the Charlotte region compared favorably with national averages of 68 days with days on market until sale at 57 days (down 14 days and 19.7%) and cumulative days on market at 67 days (down 20.2%) in February 2017 versus the same month 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 both home prices and interest rates 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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Topic:
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Groups:
City and State: Listings and Market Reports
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Market Reports
Buyer Information - What Buyers Need to Know in Today's Market
2017 Market Trend Reports
Tags:
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Rainmaker
1,214,212
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Nina, this is great information, thank you for sharing. Great time to buy in Charlotte NC before home prices go up even higher. Buyers and sellers are in great hands with you by their side.

Mar 20, 2017 05:16 PM #1
Rainmaker
3,050,298
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Nina

Thank your for sharing the Re-Max March 2017 National Housing report.

Good luck and success.

Lou Ludwig

Mar 20, 2017 06:43 PM #2
Rainmaker
3,466,943
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thank you for the housing report. I will share it with others.

Mar 20, 2017 09:33 PM #3
Rainmaker
2,295,152
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Nina I never got into Info-graphics but every time I stop in on a post I scratch my head and say, I guess I should do it too:))Endre

Mar 20, 2017 09:52 PM #4
Rainmaker
605,302
Lauren Selinsky Broker CRS
California Coastal Estates - Aliso Viejo, CA
"Your California Real Estate Broker" TM #oclauren

Down, down, down I see. I am loving the nice infographic though... Well done. I am thinking of working with ReMax local with another Broker that wants to team up.

Lauren Selinsky

Mar 20, 2017 11:54 PM #5
Rainmaker
1,831,949
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Lauren Selinsky Broker CRS ~ hi Lauren, I went to RE/MAX, I left RE/MAX, and then I returned to RE/MAX. It's a great organization and I found out by leaving that I'm the quinessential RE/MAX agent.

Mar 21, 2017 04:02 AM #6
Rainmaker
1,831,949
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Endre Barath, Jr. ~ hi Endre... many people have no patience with "words" and are totally visual... so infographics help tell a story to those people who would otherwise not take time to read.

Mar 21, 2017 04:07 AM #7
Rainmaker
1,831,949
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Gita Bantwal ~ hi Gita... as you're with RE/MAX I'm know you have access to all this material, as well, to use.

Mar 21, 2017 04:08 AM #8
Rainmaker
1,831,949
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Lou Ludwig ~ thanks, Lou. I always love seeing what the trends are and then comparing them to my market.

Mar 21, 2017 04:08 AM #9
Rainmaker
1,831,949
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Beth Atalay ~ thanks, Beth. I love to watch the trends, but as real estate is so hyper-local, it's also important for people to understand how their local market might differ from the "headlines."

Mar 21, 2017 04:09 AM #10
Rainmaker
3,630,867
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Nina.  Thanks for sharing the Re/Max national housing report with us.

Mar 21, 2017 04:26 AM #11
Rainmaker
1,831,949
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Gabe Sanders ~ hi Gabe... I've found it's useful to remember some of those national statistics when speaking with people and then explaining how our local market differs. Makes for a lot of credibility when they see you really follow the market.

Mar 21, 2017 04:29 AM #12
Rainmaker
3,939,511
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Thank you very much for sharing this report.

Have an outstanding week.

Mar 21, 2017 07:41 AM #13
Rainmaker
1,831,949
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Roy Kelley ~ hi Roy, thank you for stopping by and taking time to leave a comment on my post. Have a wonderful week, yourself.

Mar 21, 2017 07:51 AM #14
Rainmaker
2,223,079
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Happy Birthday Nina Hollander , hope you had a great day

Mar 21, 2017 03:56 PM #15
Rainmaker
1,831,949
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Scott Godzyk ~ good morning, Scott... thank you. I did have a very nice day! Appreciate your taking time to send good wishes.

Mar 22, 2017 04:36 AM #16
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Rainmaker
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