Charlotte Region's Home Sales In April 2020 Saw Their Largest Dip Since June 2009 Due To Corona Virus
Latest news on how Corona Virus impacted the Charlotte region's real estate market in April and what it means for you...
Normally, the month of April in the 16-county Charlotte region is one of our busiest home sales months of the year. Corona virus restrictions on showings and stay-at-home orders from late March through April significantly impacted home sales in the Charlotte region; especially so in Mecklbenburg County, where Charlotte is located and where we saw the most onerous restrictions on home showings.
- Closed Sales: down 20.8% year-over-year and down 16.9% month-over-month
- Homes Sold: 3,534 in April 2020 versus 4,464 in April 2019
- Pending Sales: down 17.6% year-over-year and down 15.7% month-over-month
- New Listings: down 26.6% year-over-year and down 28.2% month-over-month
- Inventory of Homes: down 24.9% year-over-year
- Months Supply of Homes: 1.8 months supply of homes compared with 2.5 months supply in April 2019
- Days on Market: 38 days in April 2020 versus 47 days in April 2019
- Average Sale Price: up 7.1% to $325,403
- Median Sale Price: up 8.1% year-over-year to $275,000
- Home Showings: down 53.3% year-over-year
How Corona Virus Impacted Mecklenburg County, NC April Sales
- Closed Sales: down 25.9% year-over-year
- Homes Sold: 1,370 in April 2020 versus 2,041 in April 2019
- Pending Sales: down 31.5% year-over-year
- New Listings: down 35.3% year-over-year
- Inventory of Homes: down 26.6% year-over-year
- Months Supply of Homes: 1.5 months supply of homes compared with 1.9 months supply in April 2019
- Days on Market: 32 days in April 2020 versus 38 days in April 2019
- Average Sale Price: up 11.4% to $379,451
- Median Sale Price: up up 13.9% to $305,425
- Home Showings: down 64% year-over-year
How Corona Virus Impacted Union County, NC April Sales
- Closed Sales: down 28.9% year-over-year
- Homes Sold: 297 in April 2020 versus 418 in April 2019
- Pending Sales: down 22% year-over-year
- New Listings: down 35.9% year-over-year
- Inventory of Homes: down 29.8% year-over-year
- Months Supply of Homes: 1.6 months supply of homes compared with 2.2 months supply in April 2019
- Days on Market: 38 days in April 2020 versus 60 days in April 2019
- Average Sale Price: up 5% to $384,252
- Median Sale Price: up 4.8% to $325,000
- Home Showings: down 55.2% year-over-year
How Corona Virus Impacted Lancaster County, SC April Sales
- Closed Sales: down 13.6% year-over-year
- Homes Sold: 133 in April 2020 versus 154 in April 2019
- Pending Sales: up 5.5% year-over-year
- New Listings: down 7.3% year-over-year
- Inventory of Homes: down 23.8% year-over-year
- Months Supply of Homes: 2.1 months supply of homes compared with 2.8 months supply in April 2019
- Days on Market: 45 days in April 2020 versus 64 days in April 2019
- Average Sale Price: up 7.8% to $311,484
- Median Sale Price: up 2.1% to $296,500
- Home Showings: down 54.1% year-over-year
How Corona Virus Impacted York County, SC April Sales
- Closed Sales: down 15.4% year-over-year
- Homes Sold: 405 in April 2020 versus 479 in April 2019
- Pending Sales: down 2.7% year-over-year and down 15.7% month-over-month
- New Listings: down 17.1% year-over-year and down 28.2% month-over-month
- Inventory of Homes: down 24.4% year-over-year
- Months Supply of Homes: 1.8 months supply of homes compared with 2.2 months supply in April 2019
- Days on Market: 39 days in April 2020 versus 48 days in April 2019
- Average Sale Price: up 6.6% to $305,154
- Median Sale Price: up 4.2% to $273,500
- Home Showings: down 41.7% year-over-year
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This Charlotte region housing market update for April 202o is provided by Nina Hollander and Carolinas Realty Partners with Coldwell Banker Realty, your Charlotte metro area residential real estate experts serving Charlotte area home buyers and sellers for 20+ years.
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