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Charlotte Huntersville Matthews Area Home Sales for August, 2019
As we near the end of the peak season for Charlotte real estate sales, we’re seeing confirmation of some long-standing trends, some positive, some not so positive.
First, for all the talk about how millennials have rejected many of the goals and values of their parents, they still see a home as not only a means of establishing long-lasting roots in a community, but as one of the most important investments they can make. In fact, the National Association of Realtors reports that millennials constitute the majority of first-time home buyers. That’s a reassuring generational trend.
On the other hand, many millennials are saddled with student loan debt and stagnant wages. And like everyone else in the market for a home, they’re having to contend with continuing problems with inventory and historically high home prices.
The latest home buying data confirm these issues aren’t going away any time soon. As of August 31, 2019, the median sales price of a home purchased in the greater Charlotte area rose by 5.2%, or $12,850 from last August, to $257,850. The glimmer of good news we’ve been reporting for the last several months is still with us: the percentage of original list price received inched down, though ... more

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