charlotte market reports: Low Inventory Continues in Charlotte but, Easing Q2 2019
- 04/16/19 09:50 PM
Low Inventory Continues in Charlotte but, Easing Q2 2019
In March, 2010, Charlotte marked historically high inventory levels (13.9 month supply) and as the recession eased, inventory levels fell into a strong sellers’ market. Since 2015, Charlotte housing inventory has been less than a 3-month supply. In August, 2018, we were at an all-time low with a 2-month supply and in some parts of Charlotte, even lower than that.
This painfully low inventory level has been driving up competition (and prices) for real estate in markets all across the country as well. But it looks like 2019 is going to see that (finally!) … (10 comments)
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charlotte market reports: Charlotte Home Prices Have Appreciated 7.4% in 2018
- 09/16/18 10:32 AM
Charlotte Home Prices Have Appreciated 7.4% in 2018
Between 1987 and 1999, which is often referred to as the ‘Pre-Bubble Period,’ home prices grew at an average of 3.6% nationwide, according to the Home Price Expectation Survey. Currently, Charlotte is holding at 7.4%, about 1/2% above the national average.
Charlotte's Average Historic Sales Prices (2004 to current) - Click to view the interactive graphic.
Every month, CoreLogic release the results of their Home Price Insights Report, which includes the actual year-over-year change in national prices and their predictions for the following year.
According to their predictions, the average appreciation over the course of 2018 should be 4.8%, which … (3 comments)
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charlotte market reports: How's the Market Doing in the Charlotte Metro Region? JAN 2018
- 02/03/18 09:14 PM
How's the Market Doing in the Charlotte Metro Region? JAN 2018
Median Sales Prices in the Charlotte Region have risen an average of 7% with SouthPark leading the way at a whopping 32.1% increase. Lincolnton is a strong second with an increase in median home sales of 12.2 increase and Uptown (primarily condo sales) up 9.3%, year-over-year. Lake Norman's rebound from the recession has finally come to fruition with a 2% one-year increase.
Lake Norman, Lake Wylie, SouthPark, Uptown Matthews, Weddington, Waxhaw, Marvin Mint Hill, Gastonia, Lincolnton, Belmont Fort Mill, Rock Hill, Ballantyne (28277), Indian Land
If you're thinking of buying or … (4 comments)
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charlotte market reports: Charlotte Real Estate Median Sales Price - NOV 2017
- 07/20/17 11:51 AM
Charlotte Real Estate Median Sales Price - NOV 2017
How has the low inventory impacted the real estate market in the Charlotte Metro region? It's a double-edged sword when you're in an overwhelmingly strong sellers market. What is a seller to do who wants to sell their home and either up-size, downsize or relocate to another area in the region?
Oh, sellers have the equity to sell, they just don't want to be 'homeless!' No one wants to move twice so, until their dream home hits the market, many sellers are just staying put.
The good news for the mid-range sellers who are moving up, is our … (7 comments)
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charlotte market reports: Charlotte North Carolina Real Estate Market Report SEPT 2011
- 09/09/11 10:57 AM
The Charlotte Real Estate Market Report with Focus on Inventory and Pending Home Sales The good news for the Charlotte Real Estate Recovery Train for sellers is also an ‘alert’ to prospective buyers that NOW is the time to buy! Buyers have been perched upon the wait-and-see fence, some for nearly three years, thinking that the market still had a ways to go as it spiraled downward. Mortgage interest rates also continued to fall during the recession and with both numbers (housing prices and mortgage rates) at their rock bottom, the recovery train began.
As we near the end of 2011, Q3, we’re seeing a … (17 comments)
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charlotte market reports: Charlotte North Carolina Market Report OCT 2008
- 10/31/08 03:29 PM
Charlotte NC Real Estate Market Report OCT 2008 Charlotte North Carolina Real Estate Market Report OCT 2008 Charlotte North Carolina real estate IS selling and the numbers below reflect that! Based on data obtained from CMLS, Charlotte's numbers are down from last year but, as you can see, over 5,600 properties have buyers attached to them--either contingent upon the sale of their home (197), conditional upon loan or inspection approval (446), pending Closure (3,080) or Closed home sales (1,947).
That's 5,600 buyers out there RIGHT NOW, this month in Charlotte NC! In my opinion (and I'm practicing what … (7 comments)
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charlotte market reports: Charlotte NC DILWORTH Market Report 08/17/2008
- 08/17/08 10:02 AM
Charlotte NC DILWORTH Market Report 08/17/2008 Charlotte NC DILWORTH Market Report 08/17/2008
In 1920, Historic Dilworth not only offered the finest of residences but, also a race track, ball park, pavilion, lake and an industrial complex which included textile mills and a foundry. Still today, the Nationally Registered historic neighborhood retains its residential charm while continuing to embrace lively adaptive reuse for commerce, galleries, restaurants and entertainment.
Today, Dilworth boasts tree-lined streets fronting gorgeous, architecturally designed front-porch homes as well as quaint little shops and restaurants. Local merchants offer personal attention as well as an ambiance that is Dilworth's hallmark. Come … (9 comments)
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charlotte market reports: Charlotte NC Housing Prices Rise 6.16% Over 12-Month Period
- 05/22/08 09:03 AM
The Office of Federal Housing Enterprise Oversight, who oversees government-backed Fannie Mae & Freddie Mac, has released federal data for the 12-month period ending March 31, 2008. The Charlotte Metro market's housing prices rose 6.16% over the 12-month period.
Charlotte/Gastonia/Concord ranked 14th among metro areas with the highest rates of appreciation. Hickory/Morganton/Lenoir ranked 10th (increasing 6.41%).
CRRA (Charlotte Regional Realtor Association) statistics show that Closings dropped last month (2,400) from those sold during the same month in 2007 (3,534). The average days on the market increased to 133 days.
In summary, if you don't HAVE to sell right now, you may want … (5 comments)
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charlotte market reports: Charlotte, NC: Providence Springs Market Report
- 05/03/08 04:51 PM
Providence Springs continues to be one of the hottest South Charlotte neighborhoods! Sales continue to be steady in this highly sought-after area. We currently have 10 homes on the market with 2 pending Close.
If you're in the market to sell your home in Providence Springs, contact me, your neighborhood 'expert' for up-to-date statistics and for any information you may need on this gorgeous Charlotte neighborhood!
97% List to Sales Price and 94 average days on the market for May 1, 2007 - May 1, 2008
Days on the market are definitely extended and sales prices reflect data in MLS which includes homes sold in the … (2 comments)
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Low Inventory Continues in Charlotte but, Easing Q2 2019
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