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Charlotte Region 2019 Housing Market Facts At A Glance
Charlotte Region 2019 Housing Market At A Glance... And What It Means For You...
With a razor-thin 1.7 months of housing inventory at 2019 year-end, there is no doubt that the Charlotte region remained a seller's market in 2019. This is the most critical aspect of the Charlotte market right now, as it has been for the last several years: the lack of homes for buyers to purchase. Availability of affordable homes is really at critical shortage. It's the supply of homes, or rather lack thereof, that is helping drive Charlotte area home prices up and the housing affordability index down as demand continues to outpace supply.
Charlotte Metro Area's 2019 Housing Market Facts At A Glance:
Median Sale Price ~ up 7.1% in 2019 to $255,000 Average Sale Price ~ up 5.9% in 2019 to $303,722 Days On Market (List to Close) ~ 93 days in 2019 (flat versus 2018) Closed Sales ~ up 5.9% in 2019 to 50,854 units Pending Sales ~ up 8.9% in 2019 to 52,031 units Percent Of Original List Price Received ~ 96.7% in 2019 New Listings ~ up 1.7% in 2019 Inventory Of Homes For Sale ~ down 23.9% in 2019 to 7,416 units (the lowest ... more
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