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What Happened In The Charlotte Region Housing Market 1st Quarter 2016
First quarter 2016 Charlotte, North Carolina region's home sales continued the positive trends we've seen since 2015. Home buyers are finding the housing market increasingly competitive with higher home prices and a lack of properties to buy. Buyers looking for a bargain are "hard pressed" these days to find one.  Meantime, home sellers are seeing their homes sell quickly and for top dollar.
 
In the first quarter of 2016, the Carolina Region saw a:
4.0% increase in average sale prices 27.8% decrease in inventory of homes for sale 0.3% increase in closed sales 35.7% decrease in the months supply of homes  11.5% decrease in days on market 1.2% increase in the percent of original price received  
 
SEARCH ALL CHARLOTTE REGION HOMES FOR SALE
 
 
The "main" story in four of the most populated and in-demand counties (Mecklenburg and Union Counties in North Carolina; York and Lancaster Counties in South Carolina) in the Charlotte region is the lack of inventory of homes for sale, which has dropped in double digits. Mecklenburg County had less than 2 months of inventory at the end of the fourth quarter. Union and York County both had less than 3 months of inventory. Lancaster County had 3.2 months. It's clearly a seller's market ... more

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