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What Happened In The Charlotte Region Housing Market In March 2016?
Charlotte Region Housing Market Update:
March 2016
 
 
The Charlotte region's housing market continued its strong start of the year in March 2016,  with pending sales and home prices up and days on market, inventory levels, and new listings all down. Only closed sales were down (1.4%) -- and partially due to lack of affordable homes for sale, as also evidenced by the increased average list price of home to just over $368,000. In a market where the average sale price of a home is some $120,000 lower than average list price, it's easy to see why sales are down due to the extreme lack of inventory in the more affordable price ranges.
 
March 2016 Closed Sales:   down 1.4% versus March 2015 and up 0.3% year-to-date.
March 2016 Pending Sales:  up 20.0% versus March 2015 and up 13.9% year-to-date.
March 2016 Average List Price:  increased 28.6% to just over $368,000 versus March  2015 and up 7.1% year-to-date.
March 2016 Average Sale Prices:  up 2.6% to just under $247,000 versus March 2015. Median Sale Price was also up 3.7% to $198,000 as compared with March 2015. Year-to-date, average and median sale prices are up 4.0% and 4.2% respectively.
March 2016 Percent of Original List Price Received:  up 1.0% to 95.5% compared with March 2015 and up 1.2% year-to-date.
March 2016 Inventory of Homes for Sale: down 27.8% versus ... more

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