Charlotte, North Carolina Region Real Estate Report: January 2020
Charlotte region ended 2019 as a seller's market and the first month of 2020 kept that seller's market going with inventory remaining extremely tight, dropping 28.1% compared with January 2019.
Lack of inventory resulted in higher home list and sale prices year-over-year. Average sale prices increased 10.4% to $297,821 and median sale prices increased 10.4% year-over-year to $252,000.Closed sales increased 6.8%, while pending sales were up 26.7% year-over-year in January, starting the year on a high note.
Homes continue to sell quickly with average days on market 47 days, down 4 days from one year ago. (14 comments)
Charlotte Region State Of The Housing Market: 2019 Are You Wondering How Much Your Home's Value Increased This Year?
Throughout 2019 the Charlotte region continued to suffer from a persistent lack of inventory, which was further exacerbated by the region's continued population growth, baby boomers who continue to remain in their homes, and less new construction inventory. Demand for homes outweighing the supply of homes is the story of the Charlotte area's housing market in 2019, resulting in price appreciation that is leading many areas of the nation in annual gains. The Charlotte region continues to rank high on the hottest housing market lists and the (14 comments)
The Charlotte region's housing market continued the strong start of the first half of the year through July 2016, with pending sales and home prices up and days on market, new listings and inventory levels down. In a market where the average sale price of a home on a year-to-date basis is almost $51,000 lower than average list price, it's easy to see how the extreme lack of inventory in the more affordable price ranges is impacting the affordability of Charlotte housing, which contributed to the lower closed sales volume in July. The story for 2016 is that supply continues to (12 comments)
What's not to like about the ever-continuing positive performance of the Charlotte region's housing market in September 2015? I've now asked this rhetorical question every month for many months running and the answer hasn't changed as the strong spring selling season sizzled right through the summer months and continued sizzling as we began our fall selling season. Charlotte region's housing market turned in another strong performance in the month of September 2015, with none of the key metrics disappointing:
September 2015 Closed Sales: up 6.1% versus September 2014 and +13.9% on a year-to-date basis versus the (2 comments)
Housing Trends Newsletter From Carolinas Realty Partners July 2015 Newsletter
Welcome to the July 2015 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.
What's not to like about the continuing positive performance of the Charlotte region's housing market in June 2015? I've now asked this rhetorical question every month for many months running and the answer hasn't changed. Namely, that Charlotte region's housing market turned in another strong performance in the month of June and through the first half of the year, with none of the key metrics disappointing:
June 2015 Closed Sales: up 22.1% versus June 2014 and +18.1% on a year-to-date basis versus the same period last year.
June 2015 Pending Sales: up 26.5% versus June 2014 and +22.2% (8 comments)
What's not to like about the positive performance of the Charlotte region's housing market in April 2015? It seems I've now asked this rhetorical question every month for many months running and the answer hasn't changed. Namely, that Charlotte region's housing market turned in another strong performance in the fourth month of the year, with none of the key metrics disappointing:
April 2015 Closed Sales: up 14.0% versus April 2014 and +15.8% on a year-to-date basis versus the same period last year.
April 2015 Pending Sales: up 40.8% versus April 2014 and +27.4% on a year-to-date (0 comments)
Housing Trends Newsletter From Carolinas Realty Partners August 2014 Newsletter
Welcome to the August 2014 edition of the Carolinas Realty Partners Housing Trends eNewsletter. The current edition of the Housing Trends eNewsletter provides update on real estate trends in 150 metropolitan housing markets. 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.
The August 2014 edition also features the following timely articles: Top (3 comments)