The Charlotte region's housing market began the last month of 2018 with home prices up, closed sales down, but with pending sales up as compared with November 2017. Both average and median sale prices were up in November 2018. Inventory and the months supply of homes remain low and below what they were one year ago with homes selling faster as a result.
November 2018 Closed Sales: down 11.9% versus November 2017. Year-to-date, closed sales were down 2.3%. November 2018 Pending Sales: up 7.3% versus November 2017 and down 1.4% year-to-date. November 2018 Average List Price: increased 8.8% to just under $318,000 versus November … (16 comments)
The Charlotte region's housing market closed out the 2018 summer selling season with home prices up, closed sales down due to limited inventory, but with pending sales up as compared with August 2017. Both average and median sale prices were up in August 2018. Inventory and the months supply of homes remain low and below what they were one year ago with homes selling faster as a result. Inventory and months supply of homes continue to drop by double-digits.
August 2018 Closed Sales: down 6.0% versus August 2017. Year-to-date, closed sales were down 1.0% (more to do with lack of inventory than diminished buyer interest). … (28 comments)
The Charlotte region's housing market began the second month of the second quarter with home prices up, closed sales down due to limited inventory, but with pending sales up as compared with May 2017. Both average and median sale prices were up in May 2018. Inventory and the months supply of homes remain low and below what they were one year ago with homes selling faster as a result.
May 2018 Closed Sales: down 4.2% versus May 2017. Year-to-date, closed sales were down 0.9% (more to do with lack of inventory than diminished buyer interest). May 2018 Pending Sales: up 9.7% versus May … (18 comments)
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