May 2022 home sales in the 16-County Charlotte Region were down year-over-year for a fifth consecutive month. It would appear that buyers are backing away from rising interest rates and home prices since late January, as the housing affordability index also continues to diminish. Pending sales were also down year-over-year for fifth consecutive month. Year-to-date, buyer activity is down 4% compared with the first five months of 2021. However, month-over-month, sales had a slight increase of 1.3% compared with April … (16 comments)
March 2022 saw the continuation of the strong housing market in the 16 county greater Charlotte region we've now experienced for over two years. Buyer demand continued to exceed pre-pandemic levels straining both inventory and sales momentum. Sales were down for a third consecutive month as was new listing activity in 2022. A fast-paced market means buyers have less time to make decisions and negotiate, as multiple offers in high-demand areas cause homes to sell and close quickly.
MARKET … (30 comments)
charlotte region housing market update: How Did The Charlotte Region Housing Market Do In January 2022?
- 02/23/22 04:49 AM
Latest news on the Greater Charlotte Region's real estate market in January 2022. What you need to know and what it means for you... January 2022 saw the continuation of the strong housing market in the 16 county greater Charlotte region we've experienced for almost two years now. Buyer demand continued to exceed pre-pandemic levels, straining inventory and sales momentum.
Low interest rates coupled with pent-up demand continued to fuel much of the buyer demand in the first month of 2022, as did the years of steady population growth in the Greater Charlotte area. Closed sales were down 0.7% in January. Sales could … (24 comments)
February 2021 saw the continuation of the strong housing market in the greater Charlotte region in 2020, despite the ongoing pandemic. Pending contract and closed sales activity shows buyer interest and demand returning to and exceeding pre-pandemic levels. Historically low interest rates continue to fuel much of the buyer demand, as do the years of steady population growth in the Greater Charlotte area.
With Realtor.com recently ranking Charlotte third in the top 10 Metros for 2021, the Greater Charlotte … (8 comments)
November 2020 continued to see a strong housing market in the greater Charlotte region, despite the ongoing pandemic. Pending contract and closed sales activity shows buyer interest with demand returning to and exceeding pre-pandemic levels. Historically low interest rates continue to fuel much of the buyer demand.
Housing inventory remained at record lows with new listings not keeping up with demand, despite an increase in new listings in November. With just a one month of supply of homes, we continue to see some of … (20 comments)
Latest news on the greater Charlotte region's real estate market in October and what it means for you...
October 2020 continued to see a strong housing market in the greater Charlotte region, despite the ongoing pandemic. Pending contract and closed sales activity shows buyer interest with demand returning to and exceeding pre-pandemic levels due to historically low interest rates fueling much of the buyer demand.
Housing inventory remained at record lows and new listings are not keeping up with demand despite an increase in new listings in October. At 1.2 months of supply, we continue to see some of the lowest levels of … (16 comments)
Latest news on the greater Charlotte region's real estate market in September and what it means for you...
September 2020 continued to see solid strengthening in the housing market in the greater Charlotte region, despite the ongoing pandemic. Pending contract and closed sales activity shows buyer interest with demand returning to pre-pandemic levels and higher due to historically low interest rates fueling much of the buyer demand
Housing inventory remained at record lows and new listings are not keeping up with demand despite an increase in new listings in September. At 1.1 months of supply, it is the lowest level of inventory … (28 comments)
Latest news on how corona virus impacted the Charlotte region's real estate market in August and what it means for you...
August 2020 saw a solid strengthening in the housing market in the Charlotte region despite the ongoing pandemic. In fact one can say "pandemic, what pandemic?"
Pending contract activity shows buyer interest and demand has returned to pre-pandemic levels (if not higher) due to historically low interest rates.
Housing inventory remained at record lows and new listings are not keeping up with demand.
New listings have been down year-over-year since February. At 1.2 months of supply, it is the lowest … (19 comments)
Latest news on the Charlotte region real estate market, how corona visus is affecting the market and what it means for you...
Corona virus impact for the weeks ended May 2nd and May 9th showed continued year-over-year decreases in new listings, in inventory, and closed sales. On the "good news" side, pending sales increased 14%year-over-year. Home showings were also down in each of these weeks year-over-year. However, home showings increased week-over-week and that is a good sign. The increase more than likely is due to the lifting of in-person showing restrictions in Mecklenburg County as of May 1st.
Meantime, inventory remained tight … (22 comments)
Latest news on how Corona Virus impacted the Charlotte region's real estate market in April and what it means for you...
Normally, the month of April in the 16-county Charlotte region is one of our busiest home sales months of the year. Corona virus restrictions on showings and stay-at-home orders from late March through April significantly impacted home sales in the Charlotte region; especially so in Mecklbenburg County, where Charlotte is located and where we saw the most onerous restrictions on home showings.
Closed Sales: down 20.8% year-over-year and down 16.9% … (28 comments)
Latest news on the Charlotte region real estate market and what it means for you...
First Quarter 2020 Charlotte, North Carolina region's home sales continued the trends we've seen since 2015. Home buyers continued to find the housing market very competitive with higher home prices and a lack of properties to buy, especially in affordable homes priced under $300,000. Buyers looking for a bargain remained "hard pressed" to find one.
Meantime, home sellers continud to sell their homes quickly and for top dollar, when priced right for condition and location. The "story" of the first quarter 2020 might well be about the continued decreases in … (22 comments)
Charlotte region ended 2019 as a seller's market and has remained a seller's market in the first three months of 2020 with inventory remaining extremely tight, dropping 25.3% in March 2020 compared with March 2019.
The impact of the COVID-19 pandemic was not yet felt in March, but we are prepared to see some impact in April once the effect of shelter-in-place orders can be measured.
Lack of inventory resulted in higher home sale prices year-over-year. Average sale prices increased 8.7% to $315,243 and median sale prices increased 11.3% year-over-year to $271,500. Both average and … (14 comments)
Latest news on how COVID-19 is affecting the Charlotte region real estate market and what it means for you... During the first two weeks of March, COVID-19 concerns did not appear to significantly impact the Charlotte region's housing market. During the third week ending March 21st, we saw more of an impact on new listings and pending sales year-over-year compared with the prior two weeks, which increased at a lower rate. As this is normally the beginning of our spring selling season in "normal times," we would expect new listings and pending … (18 comments)
Latest news on the Charlotte region real estate market and what it means for you...
Charlotte region ended 2019 as a seller's market and has remained a seller's market in the first two months of 2020 with inventory remaining extremely tight, dropping 31.3% in February 2020 compared with February 2019.
Lack of inventory resulted in higher home list and sale prices year-over-year. Average sale prices increased 9% to $304,569 and median sale prices increased 11.9% year-over-year to $262,640. Both average and median sale prices also increased month-over-month.
Closed sales increased 3.6%, while pending sales were up 24.8% year-over-year in … (18 comments)
Charlotte, North Carolina region real estate report and housing market snapshot for November 2019. Charlotte region remained a seller’s market in November 2019 with inventory remaining extremely tight, dropping 22.6% compared with November 2018.
Lack of inventory and new listings resulted in higher home list and sale prices year-over-year, and year-to-date. Average sale prices increased 7.2% and median sale prices increased 8.1% year-over-year. Year-to-date average and median sale prices increased 5.6% and 7.1% respectively.
Closed sales increased 2%, while pending sales were up 20.3% year-over-year in November. Homes continue to sell quickly with average days on market 42 days, down 2 days from one year ago. Cumulative … (8 comments)
Third Quarter 2019 Charlotte, North Carolina region's home sales continued the trends we've seen since 2015. Home buyers are still finding the housing market very competitive with higher home prices and a lack of properties to buy, especially in affordable homes priced under $300,000. Buyers looking for a bargain are still "hard pressed" to find one. Meantime, home sellers continue to sell their homes relatively quickly and for top dollar, when priced right for condition and location. The "story" of the third quarter 2019 might well be about the continued decreases in the supply of homes available for sale across the region with a resulting … (14 comments)
Charlotte, North Carolina region real estate report and housing market snapshot for October 2019. Charlotte region overall remained a seller’s market in October 2019 with inventory remaining extremely tight, dropping 19.5% compared with October 2018. Despite lower inventory, the Charlotte market has shown resiliency and buyer demand for homes remained strong as interest rates dropped. It's also worth keeping mind that while Charlotte overall is a seller's market for homes priced under $300,000, there are price points where Charlotte is a buyer's market -- primarily for homes priced above $750,000. Lack of inventory and small increases in new listings … (12 comments)
Charlotte, NC region real estate report and housing market snapshot for July 2019. Charlotte region remained a seller’s market in July 2019 with inventory remaining extremely tight, dropping 15.3% compared with July 2018. Lack of inventory and new listings resulted in higher home list and sale prices year-over-year, year-to-date, and month-over-month. Closed sales were down slightly, but pending sales were up 15.9% year-over-year. The housing affordability index continued to decrease, as well. Months supply of homes remained very low at 2.3 months (down 14.8% year-over-year) and even lower for homes priced under $200,000. Year-to-date trends are all … (8 comments)
Second Quarter 2019 Charlotte, North Carolina region's home sales continued the trends we've seen since 2015. Home buyers are still finding the housing market very competitive with higher home prices and a lack of properties to buy, especially in affordable homes. Buyers looking for a bargain are "hard pressed" to find one. Meantime, home sellers continue to sell their homes relatively quickly and for top dollar, when priced right for condition and location. The "story" of the second quarter 2019 might well be about the continued decreases in the supply of homes available for sale across the region with a resulting increase … (22 comments)
June 2019 Charlotte region housing update. Charlotte region remained a seller’s market in June 2019 with inventory remaining extremely tight and dropping 14% compared with the same time period one year ago. Lack of inventory and new listings resulted in higher home list and sale prices year-over-year, year-to-date, and month-over-month. Closed sales were down, but pending sales were up 16.3% 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 … (24 comments)
Latest news on the Greater Charlotte Region's real estate market in May 2022...
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