Here's your one minute housing market video update from RE/MAX for June 2017 using May 2017 housing data based on 53 metro areas around the country.
May 2017 was a strong month nationally setting post-recession records. Meantime, continuing decreases in inventory impacted the other primary metrics in that median price of homes was up and reached a new high, days on market were down by a full week, and inventory of homes was down reaching 101+ consecutive months of decreasing inventory.
Home sales up 4.3% Median price of homes sold up 3.6% to $232,500 Average days on market were down by 7 days to 51 days Number of homes (17 comments)
Here's your one minute housing market video update from RE/MAX for March 2017 using February 2017 housing data based on 53 metro areas around the country.
February 2017 was a strong month nationally compared to one year ago with the exception of a small downturn in closed sales, which was primarily due to lack of inventory. Meantime, that lack of inventory impacted the other primary metrics in that median price of homes was up and reached a new high, days on market were down by a full week, and inventory of homes was down reaching 100 consecutive months of decreasing inventory.
How The Charlotte, North Carolina Housing Market Compares To National Averages:
Charlotte Region Average Sale Price: up 7.2% compared with a 5.1% increase nationally. Charlotte Region Sales: up 3.2% compared with a 0.8% increase nationally. Charlotte Region Inventory: down 22.1% compared with a 10.1% decrease nationally. Despite double digit decreases in Charlotte region's inventory month after month, home sales in the Charlotte region continue on (20 comments)
When is it a good time to sell a home? As real estate is about supply and demand, any time demand starts outstripping supply, it's an indicator of a good time to sell. Any time demand starts outstripping supply, home prices go up.
The chart below tells an amazing story about supply of homes on a national basis sincle July 2015... and (48 comments)
Housing Trends Newsletter From Carolinas Realty Partners March 2016 Newsletter
Welcome to the March 2016 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.
The March 2016 edition also features the following (14 comments)
housing market update from carolinas realty partners: 48th Consecutive Month Of Year-Over-Year Home Price Gains In Feb 2016
- 03/26/16 12:55 AM
February 2016 saw the the 48th consecutive month with year-over-year home price gains with median home prices up 4.4% versus February 2015. By the same token, with housing inventory in many parts of the country at below historic levels, sales in February 2016 slowed by 1.1% compared with February 2015. Sales of distressed properties were down to 10% as compared with February 2015. The impact of this low inventory (we should call it thinventory) is that 35% of homes sold in February 2016 in less than one month.
The Charlotte region's inventory in February 2016 was even lower than the national supply of (18 comments)
Housing Trends Newsletter From Carolinas Realty Partners December 2015 Newsletter
Welcome to the December 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 Newsletter.
The infographic below shows just how much of a difference an hour can make in the housing market.
If you're a home owner or home seller, it's obviously great news that each hour, an average of 347 homes regain some positive equity and that the median home values also increase (50 comments)
What's not to like about the ever-continuing positive performance of the Charlotte region's housing market in August 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. Charlotte region's housing market turned in another strong performance in the month of August 2015 after a very strong first half of the year, with none of the key metrics disappointing:
August 2015 Closed Sales: up 6.4% versus August 2014 and +16.1% on a year-to-date basis versus the same (14 comments)
housing market update from carolinas realty partners: Charlotte, NC Regional Housing Market Report: 2nd Quarter 2015
- 07/18/15 06:39 AM
The Charlotte, North Carolina region encompassed by the Carolina Multiple Listing Service (CMLS) overall had a strong showing in the second 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 of the important metrics pointed to a significant improvement in the second quarter of 2015 versus the second quarter 2014.
Average Sale Price: +3.2% to $257,957 (median sale price was also up 7.4%) Closed Sales: +18.1% Days on Market: -24.1% at 61 average days on market (6 comments)
Housing Trends Newsletter From Carolinas Realty Partners March 2015 Newsletter
Welcome to the March 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.
Housing Trends Newsletter From Carolinas Realty Partners February 2015 Newsletter
Welcome to the February 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.
Housing Trends Newsletter From Carolinas Realty Partners January 2015 Newsletter
Welcome to the January 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.
I know, I know... I'm beginning to sound like a broken record (remember records?)!!! As of the end of the third quarter 2012, Charlotte home inventory levels dropped to 4.6 months. That essentially puts us out of a buyer's market and very close to a seller's market.
I'm finding that Charlotte-area home buyers just don't want to believe this. We've seen small signs of this coming for months and I've been dropping hints to my clients all along--some listened and some didn't. It's time for Charlotte-area home buyers to get off the fence (especially now that many are also predicting an uptick (3 comments)
LOOKING TO BUY OR SELL A CHARLOTTE AREA HOME? WANT TO KNOW WHAT YOUR CHARLOTTE AREA HOME IS WORTH?
Third quarter figures for Charlotte/Mecklenburg homes sales are in. Every metric we use to calculate how our real estate market is doing is positive as compared with one year ago.
Here's a recap of key statistics for Charlotte/Mecklenburg for the third quarter 2012:
Median Home Sale Price: up 4.1% Average Sale Price: up 3.2% Percent of Original Price Received: up 3.3% Homes for Sale: down 38.8% Closed Sales: up 22.7% Months Supply of Homes: 4.6% Days on Market: down 8.4% (to 103 days on average) Cumulative (0 comments)