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What Happened In The Charlotte Region Housing Market: 3rd Quarter 2019
 
Charlotte, NC Region Housing Market Report: 
3rd Quarter 2019
 
Third Quarter 2019 Charlotte, North Carolina region's home sales continued the trends we've seen since 2015. Home buyers are still finding the housing market very competitive with higher home prices and a lack of properties to buy, especially in affordable homes priced under $300,000. Buyers looking for a bargain are still "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 2019 might well be about the continued decreases in the supply of homes available for sale across the region with a resulting increases in home prices in  the region and minimal increases in closed sales.  It's worth pointing out that this "story" is now an "old" story, because that was also the story of 2016, 2017, and 2018. And with inventory at 2.2 months, Charlotte region remained a seller's market in the third quarter of 2019.
 
 
 
 
In the third quarter of 2019, the Charlotte Region saw a:
6.3% increase in average sale prices (to $307,566) year-over-year. 8.3% increase in median sale price (to$260,000) year-over-year. 19% decrease in inventory of homes for sale year-over-year. 4.8% increase in closed sales year over year. 23.2% decrease in the months supply of homes (2.2 months supply) ... more

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