Charlotte, NC Region Housing Market Update: August 2018
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)