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Charlotte Huntersville Matthews Area Home Sales for May, 2019
Our featured image this month tells you everything you need to know about the current market for Charlotte, NC homes — well, almost everything.
On one hand, May’s numbers for the greater Charlotte region tell us what we’ve known for some time, that we’re in a lopsided seller’s market. For example, the median sales price has increased once again, this time by $14,000, or 5.7% compared to the same time last year. And the inventory of homes for sale, the primary driver of home prices, shrank once again, catching buyers between the hammer of rising demand and the anvil of inadequate supply. The current inventory dropped by 1,063 units, a decrease of 10.1%. This left the number of months supply of homes for sale at only 2.3, a drop of 11.5% from last May.
Our image asks if we have any questions, and we do. The one question we could ask about the Charlotte real estate market is whether sellers are becoming more flexible, and the answer is a qualified “Yes.” This month, the percentage of original list price received has dipped by .2%. No, that’s not a big change in a metric that’s trended against home buyers for the past several months, but it is a ... more

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