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Charlotte, NC Region Housing Market Update/Video: 3rd Quarter 2018
Charlotte, NC Region Housing Market Update: 3rd Quarter 2018
Third 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 continue to sell their homes relatively quickly and for top dollar, when priced right for condition and location. The "story" of the third quarter 2018 might well be about the continued decreases in the supply of homes available for sale across the region with a resulting decrease in closed sales in parts of the region. It's worth pointing out that this "story" is now an "old" story, because that was also the story of 2016 and 2017. And with inventory generally under 2.5 months, Charlotte region remained a seller's market in the third quarter 2018.
In the third quarter of 2018, the Charlotte region saw a:
6.6% increase in average sale prices (to $289,475) 11.7% decrease in inventory of homes for sale 4.0% decrease in closed sales 11.9% decrease in the months supply of homes (2.5 months supply) 12.4% decrease in days on market (37 days on market) 97.0% percent of original price received
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