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Charlotte, NC Region Housing Market Update/Video: August 2018
 
Charlotte, NC Region Housing Market Update:
August 2018
 
The Charlotte region's housing market closed out the 2018 summer selling season with home prices up, closed sales down due to limited inventory, but with pending sales up as compared with August 2017. Both average and median sale prices were up in August 2018. Inventory and the months supply of homes remain low and below what they were one year ago with homes selling faster as a result. Inventory and months supply of homes continue to drop by double-digits.
 
 
 
 
August 2018 Closed Sales:  down 6.0% versus August 2017. Year-to-date, closed sales were down 1.0% (more to do with lack of inventory than diminished buyer interest).
  August 2018 Pending Sales:  up 7.4% versus August 2017 and up 0.9% year-to-date.
  August 2018 Average List Price:  increased 7.8% to just under $315,000 versus August 2017. Year-to-date, average list prices are up 4.4% to just under $325,000.
  August 2018 Average Sale Prices:  up 8.8% to just over $294,000 versus August 2017 and up 7.0% year-to-date to just under $289,000. Median Sale Price was also up 8.0% to $243,500 compared with August 2017 and up 6.7% year-to-date to $239,888.
  August 2018 Percent of Original List Price Received:  essentially flat compared with August 2017 at 97.0% and up 0.2% year-to-date to 97.2%.
August 2018 Inventory of Homes for Sale: down 14.3% versus August 2017.
August 2018 Months ... more

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