Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Charlotte, NC Region Monthly Real Estate Report: February 2020
 
Charlotte, North Carolina Region Real Estate Report:
February 2020
 
Latest news on the Charlotte region real estate market and what it means for you...
 
Charlotte region ended 2019 as a seller's market and has remained a seller's market in the first two months of 2020 with inventory remaining extremely tight, dropping 31.3% in February 2020 compared with February 2019.
 
Lack of inventory resulted in higher home list and sale prices year-over-year. Average sale prices increased 9% to $304,569 and median sale prices increased 11.9% year-over-year to $262,640. Both average and median sale prices also increased month-over-month.
 
Closed sales increased 3.6%, while pending sales were up 24.8% year-over-year in February. Year-to-date 2020, closed sales have increased 7.7% and pending sales increased 21.3% year-over-year.
 
Homes continue to sell quickly with average days on market 50 days, down 4 days from one year ago. Cumulative days on market were down 4 days to 60 year-over-year. The days from list to close dropped 7 days to 99 year-over-year.
 
The housing affordability index continued to decrease, as well ~ down 10.9% year-over-year.
 
Months supply of homes remained very low at 1.5 months (down 40% year-over-year from 2.5 months one year ago) and even lower for homes priced under $200,000.
 
 
Want to know what this would mean ... more

__________________________________________________
Are you on The Rain? Grow Your Network!