Charlotte region remained a seller's market in May 2019 with inventory remaining extremely tight and lower than one year ago, resulting in higher home list and sale prices due to continued high buyer demand. Closed sales were up slightly, but pending sales were up 17.3% year-over-year. The housing affordability index continued to decrease, as well. Months supply of homes remained very low at 2.3 months and even lower for homes priced under $200,000. Year-to-date trends are all also showing increased prices, higher sales, and tight inventory.
MORE INFORMATION ABOUT THE CHARLOTTE REGION'S HOUSING MARKET PERFORMANCE IN MAY … (18 comments)
One-minute national housing market video update from RE/MAX for April 2018 for 53 metro areas around the country:
Home sales up 2.3% year-over-year Median price of homes sold up 7.5% year-over-year to $243,000 Average days on market were down by 5 days to 52 days as compared with one year ago Number of homes for sale down 11.3%
No doubt that home buyer demand remains strong and that in most areas of the nation it's a seller's market, pure and simple. There just are not enough sellers listing their homes, despite rising prices. But keep in mind that real estate is very local, if not hyper-local... … (13 comments)
charlotte housing market update: Charlotte Housing Market Versus The National Housing Market ~ May 2015
- 06/23/15 02:41 AM
The Charlotte housing market compared well with the national housing market in May 2015. May 2015 marked the 39th consecutive month of year-over-year home price gains with the median existing home prices rising 7.9% over the May 2014 figures, according to the latest NAR (National Association of Realtors) Existing Home Sales Report. Charlotte's year-over-year median price gain was 8.1% in May, slight higher than the national median, but right in line with the increase of 8.2% in the South. Below is a chart showing the breakdown of price increases by region.
Housing inventory remains tight. Nationally it stands at 5.1 months … (26 comments)
Meanwhile, median days on market for property listings dropped to 27 days from 46 days just one year ago--a 41.3% improvement over the same period last year. Average price per square foot also increased by 3.5% to $118/square foot in March 2015 versus the same period in 2014. Pending sales were up 5.5% in March versus the same … (16 comments)
What's not to like about the positive performance of the Charlotte region's housing market in March 2015? Charlotte region's housing market turned in another strong performance in the third month of the year, with none of the key metrics disappointing:
March 2015 Closed Sales: up 20.3% versus March 2014 and +16.6% on a year-to-date basis comparing March 2015 to March 2014.
March 2015 Pending Sales: up 30.2% versus March 2014 and +26.3% on a year-to-date basis comparing March 2015 to March 2014.
March 2015 Average List Prices: increased 4.1% to just under $293,000 versus March 2014 … (2 comments)
What's not to like about the positive performance of the Charlotte region's housing market in February 2015? Charlotte region's housing market turned in a strong performance in the second month of the new year, with none of the key metrics disappointing:
February 2015 Closed Sales: up 20.8% versus February 2014 and +14.3% on a year-to-date basis comparing February 2015 to February 2014.
February 2015 Pending Sales: up 33.9% versus February 2014 and +29% on a year-to-date basis comparing February 2015 to February 2014.
February 2015 Average List Prices: increased 5.2% to just over … (6 comments)
charlotte housing market update: February 2015 Charlotte Housing Market Update - Ballantyne Area
- 03/07/15 10:11 PM
February 2015 showed a continued solid performance for home sales in the Ballantyne area of Charlotte (28277 zip code). The average sale price of Ballantyne area homes increased by 2.2% to just under $315,000 as compared with the same period one year ago. Meanwhile median days on market for property listings dropped to 30 days, a 31.8% improvement over the same period last year. Average price per square foot also increased by 3.4% to $120/square foot in February 2015 versus the same period in 2014.
The median percent of original list price that sellers received for their homes was essentially flat compared … (6 comments)
What's not to like about the positive performance of the Charlotte region's housing market in January 2015? Charlotte region's housing market turned in a strong performance in the first month of the new year with none of the key metrics disappointing:
January 2015 Closed Sales: up 8.8% versus January 2014.
January 2015 Pending Sales: up 31.8% versus January 2014.
January 2015 Average List Prices: increased 4.7% to just under $271,000 versus January 2014.
January 2015 Average Sale Prices: up 3% to just over $223,000 compared with January 2014.
January 2015 Percent of … (4 comments)
charlotte housing market update: January 2015 Charlotte Housing Market Update - Ballantyne Area
- 02/07/15 11:48 PM
January 2015 showed a continued solid performance for home sales in the Ballantyne area of Charlotte (28277 zip code). The average sale price of Ballantyne area homes increased by .6% to just under $313,000 as compared with the same period one year ago. Meanwhile median days on market for property listings dropped to 31 days, a 31.1% improvement over the same period last year. Price per square foot also increased by 4.2% January 2015 versus the same period in 2014.
The median percent of original list price that sellers received for their homes was flat compared with last year, but at a … (8 comments)
charlotte housing market update: Existing Home Sales & Prices Report/Update
- 01/30/15 12:22 AM
From Keeping Current Matters (KCM) comes the following infographic recapping existing home sales and prices from NAR (National Association of Realtors) as of January 23, 2015. The "good" news is that all regions of the United States showed an increase in average home prices year over year, with the South having the strongest performance at 6.6% (as compared with the national average of 6%). However, with respect to sales, the Midwest region showed a decrease of 2.7% in sales, on average. The South, once again, showed the greatest increase with a 7.4% improvement year over year (more than twice the national … (4 comments)
What's not to love about the performance of the Charlotte housing market during July 2014? Charlotte region's housing market as of July 2014 showed continued gains in all the critical metrics: July 2014 Closed Sales: up 5.9% versus July 2013 and up .3% on a year-to-date basis. July 2014 Pending Sales: up 22.8% versus July 2013 and up 4.7% on a year-to-date basis. July 2014 Days On Market List To Close: remained unchanged at 125 days compared with July 2013, but days on market were down 3.6% to 132 days on a year-to-date basis. July 2014 Average List Prices: up 10% versus July 2013 and up 6.8% on a … (14 comments)
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