Median days on market for property listings dropped to 16 days from 30 days just one year ago--a 46.7% improvement over the same period last year. Average days on market also dropped by 18.0% in February 2016.
Average price per square foot increased by 5.8% to $127/square foot in February 2016 versus the same period in 2015. Pending sales were up 6.4% … (4 comments)
On the heels of two consecutive months of falling home sales, December 2015 strongly rebounded with a 6.1% increase in year-over-year sales. On a month-over-month basis, December sales were much higher than expected at a 22.5% increase. The median sale price of homes also increased 5.3% on a year-over-year basis and 2.0% on a month-over-month basis.
The month's supply of homes for sale dropped to below five months to 4.9 months as compared with 5.7 months in December 2014, while average days-on-market dropped to 67 days (down six days from the average 73 days-on-market in December 2014).
January 2016 home sales in the Fort Mill/Tega Cay, South Carolina areas of the Charlotte metro region had a strong start as the new year began.
The average sale price of Fort Mill area homes increased by 5.2% to just under $293,000 compared with January 2015, while average days on market for property listings dropped by 9 days to 57 days, a 13.6% improvement over the same period last year. Price per square foot also increased by 3.6% to $114/square foot during January 2015 versus the same period in 2014.
In Tega Cay, average home sale prices were up 3.0% to just under $319,000 versus January … (16 comments)
January 2016 homes sales had another excellent performance in the Indian Land, South Carolina area of the Charlotte metro region.
The average sale price of Indian Land area (29707 zip code area) homes increased 2.9% to just over $281,000, while average days on market for property listings dropped by 12 days to 55 days, a 17.9% improvement over the same period last year.
Price per square foot also increased by 2.7% to $116/square foot during January versus the same period in 2015. Buyers should no longer look in Indian Land for a "bargain" as the days when homes in Lancaster County versus York County are … (2 comments)
Welcome to the January 2016 edition of the Carolinas Realty Partners' Housing Trends eNewsletter. The current edition of the Housing Trends eNewsletter provides updates on real estate trends in 150 metropolitan housing markets, including the Charlotte region.
In this eNewsletter, you'll also find timely articles, tips, and advice for current and future homeowners. Whether you are looking to buy or sell, have recently moved, are staying put, or simply want to stay current with real estate trends in the Charlotte region and beyond, there's something for everyone in Carolinas Realty Partners' Housing Trends eNewsletter.
Median days on market for property listings dropped to 14 days from 31 days just one year ago--a 45.2% improvement over the same period last year. Average days on market also dropped by 18.0% in January 2016.
Average price per square foot increased by 5.0% to $126/square foot in January 2016 versus the same period in … (8 comments)
charlotte area housing market report: Charlotte Metro Area's 2015 Housing Market At A Glance
- 01/10/16 09:01 PM
How did the Charlotte metro area's housing market perform in 2015? Here's our market "at a glance." All the critical indicators of a robust housing market show improvement year-by-year since 2011, with the exception of the inventory of homes available for sale, which has dropped now for two years. In my mind, this is the most critical aspect of our market right now -- availability of homes for buyers to purchase. And it's the supply of homes, or rather lack thereof, that is helping drive Charlotte are home prices up and the housing affordability index down as demand continues to increase.
What's not to like about the continuing positive performance of the Charlotte region's housing market in December 2015? I've posed this rhetorical question every month throughout 2015 and the answer doesn't change, as 2015's strong spring selling season sizzled right through the hot summer months and then remained hot through our fall and holiday selling seasons.
Charlotte region's housing market turned in another strong performance in the month of December 2015, with none of the key metrics disappointing, with the exception of closed sales, which were down 2.6% ~ caused to some degree by the lack of inventory in our … (10 comments)
charlotte area housing market report: How Did The Charlotte Metro Housing Market Perform 4th Quarter 2015?
- 01/07/16 07:40 PM
4th quarter 2015 Charlotte, North Carolina metro area home sales continued the positive trends we've seen all year. Home buyers are finding the housing market increasingly competitive with higher home prices and a lack of properties to buy. Buyers looking for a bargain are "hard pressed" these days to find one. Meantime, home sellers are seeing their homes sell quickly and for top dollar.
The "main" story in four of the most populated and in-demand counties (Mecklenburg and Union Counties in North Carolina; York and Lancaster Counties in South Carolina) in the Charlotte region is the lack of inventory of homes for sale. … (4 comments)
December 2015 showed continued improvement in home sales in the Fort Mill/Tega Cay, South Carolina areas of the Charlotte metro region.
The average sale price of Fort Mill area homes increased by 3.8% to just under $290,000 compared with December 2014, while average days on market for property listings dropped by 19 days to 59 days, an 11.9% improvement over the same period last year. Price per square foot also increased by 2.7% to $113/square foot during December 2015 versus the same period in 2014.
In Tega Cay, average home sale prices were up 0.3% to just under $315,000 versus December 2014, while days on market … (12 comments)
December 2015 homes sales had another excellent performance in the Indian Land, South Carolina area of the Charlotte metro region.
The average sale price of Indian Land area (29707 zip code area) homes increased 2.4% to just under $281,000, while average days on market for property listings dropped by 11 days to 56 days, a 16.4% improvement over the same period last year.
Price per square foot also increased by 2.7% to $116/square foot during December versus the same period in 2014 (much of this having to do with the large amount of new construction in Indian Land). The days when buyers could look … (7 comments)
Median days on market for property listings dropped by 11 days to 38 days, a 22.4% improvement over the same period last year.
Price per square foot also increased by 6.3% to $118/square foot during December 2015 versus December2014.
Closed sales in Waxhaw/Weddington/Marvin areas decreased 8.2% in December 2015. Pending sales were also down versus December 2014 with 37 … (18 comments)
Median days on market for property listings dropped to 14 days from 31 days just one year ago--a 45.2% improvement over the same period last year. Average days on market also dropped by 17.6% in December 2015.
Average price per square foot increased by 5.9% to $126/square foot in December 2015 versus the … (6 comments)
Rental rates continue to increase in the Charlotte metro area, while the number of available rental properties decrease. (With a strong housing market in Charlotte, home owners no longer need to rent their homes while waiting for the market to stabilize and home prices to increase.) Year-to-date, rent rates in the Charlotte area have increased 7.8%, while the number of properties rented have decreased by 3.4%, as compared with the same time frame one year ago.
In November 2015, the number active rentals in … (18 comments)
What's not to like about the continuing positive performance of the Charlotte region's housing market in November 2015? I've posed this rhetorical question every month for many months running and the answer hasn't changed as the 2015 strong spring selling season sizzled hot right through the summer months and remained hot through our fall selling season.
Charlotte region's housing market turned in another strong performance in the month of November 2015, with none of the key metrics disappointing, with the exception of closed sales, which were down 3.3% ~ most likely caused to some degree by the … (14 comments)
November 2015 showed continued improvement in home sales in the Fort Mill/Tega Cay, South Carolina areas of the Charlotte metro region.
The average sale price of Fort Mill area homes increased by 5.3% to just over $291,000 compared with November 2014, while average days on market for property listings dropped by 8 days to 59 days, an 11.9% improvement over the same period last year. Price per square foot also increased by 1.8% to $116/square foot during November versus the same period in 2014.
In Tega Cay, average home sale prices were up 1.7% to just under $317,000 versus November 2014, while days on … (14 comments)
November 2015 homes sales had another excellent performance in the Indian Land, South Carolina area of the Charlotte metro region.
The average sale price of Indian Land area (29707 zip code area) homes increased 2.0% to just under $280,00, while average days on market for property listings dropped by two weeks to 55 days, a 20.3% improvement over the same period last year.
Price per square foot also increased by 1.8% to $115/square foot during November versus the same period in 2014 (much of this having to do with the large amount of new construction in Indian Land). The days when … (13 comments)
Median days on market for property listings dropped by 15 days to 37 days, a 28.8% improvement over the same period last year.
Price per square foot also increased by 6.4% to $117/square foot during November 2015 versus November 2014.
Closed sales in Waxhaw/Weddington/Marvin areas decreased 10.5% in November 2015. Pending sales were also down versus November 2014 with 32 fewer homes going under contract.
With … (12 comments)
charlotte area housing market report: What Happened In Charlotte's Ballantyne Housing Market In Nov 2015?
- 11/30/15 08:57 PM
November 2015 showed a continued solid performance for home sales in the Ballantyne area of Charlotte (28277 zip code) as the fall selling season continued and the holiday season began. The average sale price of Ballantyne area homes increased by 5.3% to just under $332,000 as compared with the same period one year ago.
Median days on market for property listings dropped to 18 days from 32 days just one year ago--a 43.8% improvement over the same period last year. Average days on market also dropped by 17.3% in November 2015.
Average price per square foot also increased by 5.9% to $126/square foot … (6 comments)
February home sales in the Ballantyne area of Charlotte (28277 zip code) remained strong into the second month of 2016. The average sale price of Ballantyne area homes increased by 5.7% to just over $334,000 as compared with the same period one year ago. 
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