RE/MAX National Housing Report: Nov 2017 I How Charlotte Compares {Infographic}

By
Real Estate Agent with Coldwell Banker Residential Brokerage
https://activerain.com/droplet/58m2

 

 

RE/MAX November 2017 National Housing Report: 

October 2017 Housing Data

 

The RE/MAX National Housing Report for November 2017: "Nationwide Seller’s Market Reigns as Home Prices Climbwas this month's headline.  Despite record low inventory for the month, October home sales increased 2.5% year-over-year and kept 2017 prices ahead of 2016, according to the RE/MAX National Housing Report.

 

To quote Adam Contos, RE/MAX Co-CEO:  “The housing market is steady and at least somewhat predictable with record-low inventory and increasing prices in markets across the country. With job growth and increased household formation, buyers will struggle and may even be priced out of the market until home building catches up.”

 

 RE/MAX National Housing Report November 2017

 

 

 

For a more detailed review, click here for the latest RE/MAX National Housing Report.

 

 

 How Charlotte, North Carolina's region compared to national statistics in

October 2017:

 

  • Median sale price of Charlotte region homes was up 6.2% compared with October 2016 versus 3.3% nationally. Charlotte area's median price sale of $223,000 in October has essentially caught up with national averages and increased from $210,000 just one year ago.
     
  • Closed sales in Charlotte region compared favorably with national averages of 2.5% with closed sales up 2.6% in October 2017.
     
  • Months supply of homes in the Charlotte region was 2.4 months, down 25.0% versus October 2016. Charlotte region's months supply of homes remains lower than the national average of 3.3 months by a full month.
     
  • Inventory of homes in the Charlotte region was down 18.9% in October 2017 (compared with national figures down at 13.4%) as compared with one year ago.
     
  • Average days on market in the Charlotte region compared well with national averages of 51 days with days on market until sale at 40 days (down 11 days and 21.6% versus the prior year) and cumulative days on market at 49 days (down 18.3%) in October 2017 versus the same month one year ago.

 

More information about how the Charlotte, NC region housing market performed in October 2017

 

With continuing demand for homes and rising home prices due to lack of inventory, it may be the perfect time to sell your home. It may also be the perfect time to buy a home before both home prices and interest rates rise further.

 

  

This real estate monthly update is brought to you courtesy of Nina Hollander and Carolinas Realty Partners, RE/MAX Executive, your Charlotte metro area real estate consultants. 

 

SEARCH ALL CHARLOTTE, NC REGION HOMES FOR SALE

 

Search all Charlotte Region Homes For Sale

 

FIND OUT WHAT YOUR CHARLOTTE, NC REGION HOME IS WORTH

 

Find our what your Charlotte Region home is worth in today's market

 

 

If you are considering selling or purchasing a home in the Charlotte metro area, I would love an opportunity to earn your business, exceed your expectations, and to prove to you that:

 "The Right Broker Makes All The Difference."

 

 

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SEARCH ALL CHARLOTTE METRO AREA HOMES HERE

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

 

 

 

Nina Hollander

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Residential Brokerage
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From Charlotte/Ballantyne/Waxhaw/Fort Mill
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

2007 - 2019 Charlotte Magazine 5-Star Customer Satisfaction Award Winner

 

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Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

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Market Reports
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Tags:
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remax national housing report november 2017

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Rainmaker
3,301,138
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Nina -- good insights.  On the national level as well as locally too.  

Nov 19, 2017 11:32 AM #1
Rainmaker
3,052,902
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Michael Jacobs ~ thanks, Michael. The national statistics are good to follow for trends, but as we all know, real estate is very local.

Nov 19, 2017 12:02 PM #2
Rainmaker
2,494,231
Rebecca Gaujot, Realtor®
Vision Quest Realty - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Excellent monthly real estate market report on the Charlotte NC 

Nov 19, 2017 07:22 PM #3
Ambassador
3,077,470
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

You constantly remind me of what a true professional you are Nina Hollander 

Nov 19, 2017 08:34 PM #4
Rainmaker
4,432,093
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing 

Nov 20, 2017 02:30 AM #5
Rainmaker
3,052,902
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Rebecca Gaujot ~ thanks, Rebecca.

Gita Bantwal ~ thanks, Gita.

Wishing both of you ladies a great Monday!

Nov 20, 2017 04:10 AM #6
Rainmaker
3,052,902
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Paul S. Henderson, CRS, REALTOR®, ~ good morning, Paul... thank you for that lovely compliment. Hope your Monday is simply fantastic.

Nov 20, 2017 04:11 AM #7
Ambassador
1,630,552
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Thanks for sharing and the market looks solid overall. I think Oklahoma City may be a leader in the increase in inventory. So far this year we are up 18.3%.

Nov 20, 2017 08:17 AM #8
Rainmaker
3,052,902
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joe Pryor ~ that's amazing, Joe. I'd be doing cartwheels in my front yard if we had half that increase in inventory to help relieve the pressure on rising prices here and make homes more affordable for many buyers.

Nov 20, 2017 11:43 AM #9
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Rainmaker
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