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)

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)

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)

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)

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)

charlotte region housing market update: Charlotte Region Housing Market Update ~ July 2015 - 08/07/15 10:28 PM
Charlotte Region Housing Market Update:
July 2015
 
What's not to like about the continuing  positive performance of the Charlotte region's housing market in July 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 July after a very strong first half of the year, with none of the key metrics disappointing:
 
July 2015 Closed Sales: up 16.9% versus July 2014 and +17.9% on a year-to-date basis versus the same period last year.

July 2015 Pending Sales: up 17.9% versus July … (12 comments)

charlotte region housing market update: Charlotte Region Housing Market Update: June 2015 - 07/08/15 05:40 AM
Charlotte Region Housing Market Update:
June 2015
 
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)

charlotte region housing market update: Charlotte Region Housing Market Update: May 2015 - 06/09/15 11:51 PM
Charlotte Region Housing Market Update:
May 2015
 
What's not to like about the positive performance of the Charlotte region's housing market in May 2015?  It seems I've been asking 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 fifth month of the year, with none of the key metrics disappointing:
 
May 2015 Closed Sales: up 20.4% versus May 2014 and +16.9% on a year-to-date basis versus the same period last year.

May 2015 Pending Sales: up 25.1% versus May 2014 and +24.0% on a year-to-date … (8 comments)

charlotte region housing market update: Foreclosure & Short Sales Continue Falling In Charlotte, NC Region - 05/08/15 12:51 AM
 
Foreclosure and short sales as a percentage of total home sales in the Charlotte, North Carolina region continue to fall.  If you've been looking for a distressed property bargain in the Charlotte metro area and have had a hard time finding one, here's why:
Foreclosure sales were down 14.5% in April 2015 Short sales were down 36.7% in April 2015 Compare this with an increase of 17.1% of non-distressed property sales. Foreclosure and short sales accounted for less than 5.5% of total Charlotte region home sales in April 2015. So one reason it's hard to find that "bargain" is because there … (6 comments)

charlotte region housing market update: Charlotte Region Housing Market Update: April 2015 - 05/08/15 12:04 AM
Charlotte Region Housing Market Update:
April 2015
 
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)

charlotte region housing market update: Charlotte Region Housing Market Update: March 2015 - 04/08/15 04:04 AM
Charlotte Region Housing Market Update:
March 2015
 
What's not to like about the positive performance of the Charlotte region's housing market in March 2015?  Charlotte region's housing market turned in another strong performance in the third month of the year, with none of the key metrics disappointing:
 
March 2015 Closed Sales: up 20.3% versus March 2014 and +16.6% on a year-to-date basis comparing March 2015 to March 2014.

March 2015 Pending Sales: up 30.2% versus March 2014 and +26.3% on a year-to-date basis comparing March 2015 to March 2014.

March 2015 Average List Prices:  increased 4.1% to just under $293,000 versus March 2014 … (2 comments)

charlotte region housing market update: February 2015 Charlotte Housing Market Update - Indian Land, SC - 03/09/15 10:12 PM
February 2015 showed a solid performance in home sales in the Indian Land, South Carolina area of the Charlotte metro region.
 
The average sale price of Indian Land area homes increased 3.5% to just over $265,000, while days on market for property listings dropped to 62 days, a 19.5% improvement over the same period last year.
 
Price per square foot also increased by 3.7% to $111/square foot during February versus the same period in 2014 (much of this having to do with the large amount of new construction in Indian Land). Gone are the days when buyers could look in Indian Land … (12 comments)

charlotte region housing market update: 3rd Quarter 2014 Charlotte, NC Metro Homes Sales Still On An Upswing - 11/05/14 01:07 AM
3rd quarter 2014 Charlotte, North Carolina metro area home sales are still on an upswing, continuing the positive trends we've seen all year. Home buyers are finding the housing market increasingly competitive with lots of properties seeing multiple offers. Buyers looking for a bargain are "hard pressed" these days to find one.  Meantime, home sellers are seeing their homes sell quickly and at top dollar.
The key metrics in three of the most populated and in-demand counties (Mecklenburg, Union, York) in the Charlotte region all had excellent results during the 3rd quarter 2014. Namely:
 
Mecklenburg County, NC (where Charlotte City … (14 comments)

charlotte region housing market update: Charlotte Region Housing Market Update: June 2014 - 07/10/14 12:13 AM
Charlotte Region Housing Market Update:
June 2014
 
Charlotte region's housing market as of June 2014 showed continued gains in all the critical metrics:
June 2014 Closed Sales: up 3.7% versus June 2013, but slight down on a year-to-date basis (the increase in June's pending sales should increase this number in July). June 2014 Pending Sales: up 24.4% versus June 2013 and up 3.6% on a year-to-date basis. June 2014 Days On Market List To Close: down 2.3% to 125 days compared with June 2013 and down 4.3% to 133 days on a year-to-date basis. June 2014 Average List Prices: up 10.5% versus June 2013 and up 6.8% on a year-to-date … (2 comments)

charlotte region housing market update: Charlotte Region Housing Market Update: May 2014 - 06/11/14 11:51 PM
Charlotte Region Housing Market Update:
May 2014
 
Charlotte region's housing market as of May 2014 showed continued gains in critical factors with one exception--that of closed sales being down 6.5% as compared with May 2013 and 2.2% on a year-to-date basis versus the same time period in 2013. Although with pending sales in May so much higher than in May 2013, it remains to be seen how this impacts closed sales during June 2014. Namely:
May 2014 Pending Sales: up 14.6% versus May 2013 and up 1.6% on a year-to-date basis. May 2014 Days On Market List To Close: down 5.3% to 126 … (10 comments)

 
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