One-minute national housing market video update from RE/MAX for July 2018 for 54 metro areas around the country:
- Home sales up 1.8% year-over-year
- Median price of homes sold up 4.4% year-over-year to $250,575
- Average days on market were down by 1 day to 41 days as compared with one year ago
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Number of homes for sale down 7.8% from July 2017
No doubt that home buyer demand remains strong and that in many areas of the nation it's a seller's market, pure and simple. There just are not enough sellers listing their homes, despite rising prices. But keep in mind that real estate is very local, if not hyper-local... so be sure to have a discussion about your specific market conditions with your real estate professional.
How did the Charlotte region housing market perform in July 2018 compared with national averages?
- Home sales down 2.8% year-over-year (think "thinventory")
- Median price of homes sold up 2.1% year-over-year to $240,000
- Average days on market were down 8 days to 36 days as compared with one year ago
- Number of homes for sale down 17.2% year-over-year (more than twice the national figures)
Is now the right time to sell your Charlotte metro area home? That depends on your motivation. If you'd like to have a quick conversation about that, please contact Carolinas Realty Partners with RE/MAX Executive. We'd be delighted to explore the pros and cons of listing your home now versus waiting.
Is now the right time to buy your Charlotte metro area home? Absolutely. Inventory remains tight causing home prices to keep increasing, while interest rates are also rising.
SEARCH ALL CHARLOTTE METRO AREA HOMES FOR SALE
FIND OUT WHAT YOUR CHARLOTTE METRO AREA HOME IS WORTH
These one minute housing market update videos are brought to you by Nina Hollander and Carolinas Realty Partners with RE/MAX Executive, your Charlotte metro area residential real estate experts.
If you are considering purchasing or selling a home in the Charlotte metro area, I'd love an opportunity to earn your business, exceed your expectations, and to prove to you that:
"The Right Broker Makes All The Difference."
Clock Image courtesy of fotographic1980 at FreeDigitalPhotos.net
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