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Charlotte, NC Region Housing Market Report/Video: 1st Quarter 2018
First quarter 2018 Charlotte, North Carolina region's home sales continued the trends we've seen since 2015. Home buyers are finding the housing market very competitive with higher home prices and a lack of properties to buy. Buyers looking for a bargain are "hard pressed" to find one. Meantime, home sellers are seeing their homes sell quickly and for top dollar, when priced right for condition and location. The "story" of the first quarter 2018 might well be about the double-digit decreases in the supply of homes available for sale across the region. It's worth pointing out that it's now an "old" story, because that was also the story of 2016 and 2017.
In the first quarter of 2018, the Charlotte region saw a:
5.4% increase in average sale prices 23.5% decrease in inventory of homes for sale 4.2% decrease in closed sales 26.6% decrease in the months supply of homes (2 months supply) 8.8% decrease in days on market (52 days on market) 96.7% 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 ... more
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