charlotte region housing market update: This Month In Real Estate: Charlotte Region Housing Update: Jan 2019
- 02/20/19 04:20 AM
Charlotte, North Carolina Housing Market Report:
January 2019
This month in real estate: Charlotte region remained a seller’s market in January 2019 with inventory remaining tight, resulting in higher home list and sale prices due to continued strong buyer demand, although the price increases are not quite as high as in previous months and last year. Closed sales were down, but pending sales were up. Days on market were also down. The housing affordability index continued to decrease, as well.
MORE INFORMATION ABOUT THE CHARLOTTE REGION'S HOUSING MARKET PERFORMANCE IN JANUARY 2019, CLICK HERE
FIND OUT WHAT THIS MEANS FOR CHARLOTTE REGION HOME BUYERS & SELLERS
LOOKING FOR … (20 comments)
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charlotte region housing market update: Charlotte Region 2018 Housing Market Quick Facts At A Glance
- 01/22/19 12:59 PM
Charlotte Region 2018 Housing Market Quick Facts
All the critical indicators of a strong, predominantly seller's housing market showed improvement year-over-year since 2011, with the exception of the inventory of homes available for sale, which is now at its lowest level since 2007. With just 2.2 months of inventory at year end 2018, this is the most critical aspect of our market right now -- availability of homes for buyers to purchase and especially availability of affordable homes. It's the supply of homes, or rather lack thereof, that is helping drive Charlotte area home prices up and the housing affordability index down as demand continues to outstrip … (16 comments)
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charlotte region housing market update: Charlotte, NC Region Housing Market Update/Video: August 2018
- 09/10/18 08:30 AM
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)
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charlotte region housing market update: Charlotte, NC Region Housing Market Update/Video: 2nd Quarter 2018
- 07/10/18 12:29 PM
Charlotte, NC Region Housing Market Update: 2nd Quarter 2018
Second quarter 2018 Charlotte, North Carolina region's home sales continued the trends we've seen since 2015. Home buyers are finding the housing market very competitive with higher home prices and a lack of properties to buy. Buyers looking for a bargain are "hard pressed" to find one. Meantime, home sellers are seeing their homes sell quickly and for top dollar, when priced right for condition and location. The "story" of the second quarter 2018 might well be about the continued decreases in the supply of homes available for sale across the region. It's worth pointing out that this … (22 comments)
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charlotte region housing market update: What Happened In Charlotte Region's Housing Market: 3rd Quarter 2017?
- 10/12/17 03:32 AM
Third quarter 2017 Charlotte, North Carolina region's home sales continued the positive trends we've seen since 2015. Home buyers are finding the housing market very competitive with increasing home prices resulting from a lack of properties to buy. Buyers looking for a bargain are "hard pressed" to find one. Many first-time buyers are being "priced out of the market."
Meantime, home sellers are seeing their homes sell quickly and for top dollar, when priced right for condition and location.
The "story" of the third quarter 2017 might well be about the continuing double-digit decrease in the supply of homes available for sale across the region, as well … (18 comments)
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charlotte region housing market update: Charlotte, NC Region Housing Market Update: June 2017
- 07/07/17 05:25 AM
Charlotte, NC Region Housing Market Update:
June 2017
The Charlotte region's housing market started ended the last month of the second quarter of 2017 with home prices up and pending sales up as compared with June 2016. Both average and median sale prices were up in June 2017. Inventory and the months supply of homes remain low and well below what they were one year ago. This has impacted closed sales, which were down 0.3% in June as compared with the same time period one year ago. As the Carolina MLS report put it: "As has been the case for month after month – and now year … (18 comments)
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charlotte region housing market update: Charlotte, NC Region Housing Update: May 2017
- 06/07/17 03:33 PM
Charlotte, NC Region Housing Market Update:
May 2017
The Charlotte region's housing market started ended the second month of the second quarter of 2017 with home prices up and pending sales up as compared with May 2016. Both average and median sale prices were up in May 2017. Inventory and the months supply of homes remain low and well below what they were one year ago. This has impacted closed sales, which were down 0.3% in May as compared with the same time period one year ago.
May 2017 Closed Sales: down 0.3% versus May 2016. Year-to-date, closed sales were up 7.0%.
May 2017 Pending … (8 comments)
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charlotte region housing market update: Charlotte, NC Region Housing Market Update: December 2016
- 01/08/17 03:29 AM
Charlotte, NC Region Housing Market Update:
December 2016
The Charlotte region's housing market continued its strong performance of the first 11 months of the year into December 2016 and ended the year on a high note. As we finished out year in the Charlotte area, closed sales, pending sales, average sale prices were all up. Days on market until sale were down 14.3% in December versus December 2015 and down 16.9% year to-date. The story for 2016 remained that supply struggled to meet demand, especially in affordable homes.
December 2016 Closed Sales: up 4.5% versus December 2015 and up 8.4% year-to-date.
December 2016 Pending Sales: up 24.9% versus December 2015 and up 10.9% year-to-date.
December 2016 Average List … (25 comments)
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charlotte region housing market update: Charlotte, NC Region Housing Market Update ~ October 2016
- 11/09/16 07:08 AM
Charlotte, NC Region Housing Market Update:
October 2016
The Charlotte region's housing market continued its strong performance of the first nine months of the year into October 2016. As the fall selling season began in the Charlotte area, closed sales, pending sales, average sale prices were all up. Days on market until sale were down 16.4% in October versus October 2015 and down 18.2% year to-date. The story for 2016 remains that supply continues to struggle to meet demand, especially in affordable homes.
October 2016 Closed Sales: up 3.4% versus October 2015 and up 7.0% year-to-date.
October 2016 Pending Sales: up 26.4% versus October 2015 and up 10.7% year-to-date.
October 2016 Average List Price: increased 9.7% to … (10 comments)
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charlotte region housing market update: What Happened In The Charlotte Region Housing Market In September 2016?
- 10/06/16 11:18 PM
Charlotte, NC Region Housing Market Update:
September 2016
The Charlotte region's housing market continued its strong performance of the first eight months of the year into September 2016. Even as the summer selling season came to a close in the Charlotte area, closed sales, pending sales, average sale prices were all up. Days on market until sale were down 23% in September versus September 2015 and down 16.7% year to-date. The story for 2016 remains that supply continues to struggle to meet demand, especially in affordable homes.
September 2016 Closed Sales: up 3.2% versus September 2015 and up 6.4% year-to-date.
September 2016 Pending Sales: up 18.3% versus September 2015 and up 10.3% year-to-date.
September 2016 Average List Price: … (18 comments)
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charlotte region housing market update: What Happened In The Charlotte, NC Region Housing Market In July 2016?
- 08/08/16 09:47 PM
Charlotte, NC Region Housing Market Update:
July 2016
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)
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charlotte region housing market update: What Happened In The Charlotte Region Housing Market: 2nd Quarter 2016
- 07/08/16 04:10 AM
Second quarter 2016 Charlotte, North Carolina region's home sales continued the positive trends we've seen since 2015. Home buyers are finding the housing market very competitive with higher home prices and a lack of properties to buy. Buyers looking for a bargain are "hard pressed" these days to find one. Meantime, home sellers are seeing their homes sell quickly and for top dollar, when priced right for condition and location.
In the second quarter of 2016, the Carolina Region saw a:
5.7% increase in average sale prices 23.3% decrease in inventory of homes for sale 5.1% increase in closed sales 30.3% decrease in the months supply of … (16 comments)
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charlotte region housing market update: What Happened In The Charlotte Region Housing Market In June 2016?
- 07/08/16 03:49 AM
Charlotte Region Housing Market Update:
June 2016
The Charlotte region's housing market continued the strong start of the year through June 2016, with pending sales and home prices up and days on market and inventory levels down. In a market where the average sale price of a home on a year-to-date basis is some $56,000 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 more than likely contributed to the lower closed sales in June. The story for 2016 is that supply continues to struggle to meet demand, especially … (0 comments)
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charlotte region housing market update: What Happened In The Charlotte Region Housing Market In May 2016?
- 06/09/16 05:48 AM
Charlotte Region Housing Market Update:
May 2016
The Charlotte region's housing market continued the strong start of the year through May 2016, with closed and pending sales and home prices up and days on market and inventory levels down. In a market where the average sale price of a home is some $65,000 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.
May 2016 Closed Sales: up 5.0% versus May 2015 and up 5.7% year-to-date.
May 2016 Pending Sales: up 21.0% versus May 2015 and up 12.7% year-to-date.
May 2016 Average List Price: increased 10.7% to … (22 comments)
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charlotte region housing market update: What Happened In The Charlotte Region Housing Market 1st Quarter 2016
- 04/08/16 09:08 PM
First quarter 2016 Charlotte, North Carolina region's home sales continued the positive trends we've seen since 2015. Home buyers are finding the housing market increasingly competitive with higher home prices and a lack of properties to buy. Buyers looking for a bargain are "hard pressed" these days to find one. Meantime, home sellers are seeing their homes sell quickly and for top dollar.
In the first quarter of 2016, the Carolina Region saw a:
4.0% increase in average sale prices 27.8% decrease in inventory of homes for sale 0.3% increase in closed sales 35.7% decrease in the months supply of homes 11.5% decrease in days … (20 comments)
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charlotte region housing market update: What Happened In The Charlotte Region Housing Market In March 2016?
- 04/08/16 03:03 AM
Charlotte Region Housing Market Update:
March 2016
The Charlotte region's housing market continued its strong start of the year in March 2016, with pending sales and home prices up and days on market, inventory levels, and new listings all down. Only closed sales were down (1.4%) -- and partially due to lack of affordable homes for sale, as also evidenced by the increased average list price of home to just over $368,000. In a market where the average sale price of a home is some $120,000 lower than average list price, it's easy to see why sales are down due to the extreme lack of inventory in … (16 comments)
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charlotte region housing market update: What Happened In The Charlotte Region Housing Market In February 2016?
- 03/08/16 08:18 PM
Charlotte Region Housing Market Update:
February 2016
The Charlotte region's housing market continued its strong start of the new year in February 2016, with none of the key metrics disappointing with closed sales, pending sales, home prices all up and days on market, inventory levels, and new listings all down.
February 2016 Closed Sales: up 1.4% versus February 2015.
February 2016 Pending Sales: up 22.2% versus February 2015.
February 2016 Average List Price: increased 10.8% to just under $314,000 versus February 2015.
February 2016 Average Sale Prices: up 4.2% to just under $231,000 versus February 2015. Median Sale Price was also up 2.2% to $182,000 as compared with February 2015.
February 2016 Percent of Original List Price Received: up 1.4% to 94.9% compared with February … (20 comments)
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charlotte region housing market update: What Happened In The Charlotte Region Housing Market In January 2016?
- 02/06/16 06:21 AM
Charlotte Region Housing Market Update:
January 2016
The Charlotte region's housing market had a strong start in the new year, with none of the key metrics disappointing, with the exception of closed sales, which were down 10.6% ~ caused to some degree by the lack of inventory in our market and not by the lack of interest on the part of home buyers, who are having a hard time finding afforadable homes in prime neigborhoods. With January's pending sales up by 13.0%, we can hopefully look forward to a good month in February 2016 in terms of closed sales. Although it is hard to say … (15 comments)
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charlotte region housing market update: Charlotte, NC Regional Housing Market Report ~ 3rd Quarter 2015
- 11/07/15 10:33 PM
The Charlotte, North Carolina region encompassed by the Carolina Multiple Listing Service (CMLS) overall had a strong showing in the third quarter of 2015 as compared with the same quarter in 2014. The Carolina Mulitple Listing Service includes two states--North and South Carolina--with 10 counties covered in North Carolina and eight counties in South Carolina.
All the key metrics by which we measure how well our regional housing market does, pointed to ongoing improvement in the third quarter of 2015 versus the third quarter 2014. Fundamentally, home prices were up, closed sales were up, days on market were down, the overall months … (15 comments)
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charlotte region housing market update: What's Happening In The Charlotte Region Housing Market ~ Sept 2015
- 10/22/15 06:21 AM
Charlotte Region Housing Market Update:
September 2015
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)
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