RE/MAX National Housing Report: April 2018 | How Charlotte, NC Compares

By
Real Estate Agent with RE/MAX Executive | Charlotte, NC

 

 

RE/MAX April 2018 National Housing Report: 

March 2018 Housing Data

 

The RE/MAX National Housing Report for April 2018:  "Rising Prices, Fewer Sales Driven by Record-Breaking Low Inventory" was this month's headline.  As the report stated: "If you are looking for a new home, chances are you’re not finding many homes on the market. If you’re a seller, you have likely noticed the value of your home is rising — no matter what part of the country you live in.When the Months Supply of Inventory falls below six months, it’s a seller’s market, and all 54 metro areas surveyed for the monthly housing reported under six months of inventory." 

 

To quote Adam Contos, RE/MAX CEO:  “Homebuyers shouldn’t be discouraged by the record-breaking numbers — even with higher prices and closed transactions, this March marks the second-highest in sales in the history of the RE/MAX National Housing Report.”

 

RE/MAX National Housing Report April 2018

 

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

March 2018:

 

  • Median sale price of Charlotte region homes was up 7.1% compared with March 2017 versus 4.9% nationally. Charlotte area's median price sale of $235,000 in March has essentially caught up with national averages ($236,000) and increased from $219,500 just one year ago.
     
  • Closed sales in Charlotte region were down 11.2% compared with a decrease of 5.3% nationally in March 2018. Extreme lack of affordable inventory in Charlotte contributed to this decrease last month.
     
  • Months supply of homes in the Charlotte region was 2.0 months, down 25.9% versus March 2017. Charlotte region's months supply of homes remains lower than the national average of 2.5 months.

  • Inventory of homes in the Charlotte region was down 23.5% in March 2018 (compared with national figures down 14.7%) versus one year ago. Inventory in the Charlotte region has decreased at a greater rate than nationally.

  • Average days on market in the Charlotte region compared well with national averages of 60 days with days on market until sale in Charlotte at 50 days (down 7 days and 12.3% year-over-year). Cumulative days on market in Charlotte in March 2018 were 61. Again, the lower days on market could be attributed to diminishing inventory in the region.

 

 

More information about how the Charlotte, NC region housing market performed in March 2018

 

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 Charlotte area 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'd love an opportunity to earn your business, exceed your expectations, and to prove to you that:

 "The Right Broker Makes All The Difference."

 

 

Posted by

 

SEARCH ALL CHARLOTTE METRO AREA HOMES HERE

 

Nina Hollander, Broker, Realtor / REMAX / Carolinas Realty Partners / Ph: 704.779.0813 / F: 704.341.3346 / E: Nina@NinaHollander.com / W: www.GreatHomesInCharlotte.com

Nina Hollander
Broker, Realtor, CRS, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with RE/MAX Executive Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: http://activerain.com/blogs/ninahollander
Search for Charlotte Area Homes: www.HomesInCharlotteArea.com

2007 - 2016 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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Rainmaker
1,930,360
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Your reports are always filled with the best information and people in your area won't need to go anywhere else to find what they are looking for!

Apr 17, 2018 06:49 AM #19
Rainmaker
3,690,029
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

At some point the pendulum swings and things balance out.  There are still areas where it the market favors the buyers with a healthy inventory.  A

Apr 17, 2018 07:09 AM #20
Rainmaker
1,193,800
Bob "RealMan" Timm
Alliance Real Estate - Minot - Minot, ND
Bob Timm, Broker Associate, Alliance Real Estate

Thanks for sharing the report Nina Hollander . The remark "If you’re a seller, you have likely noticed the value of your home is rising — no matter what part of the country you live in." does hold true here even though we have had a very slow winter and spring. We are still recovering from somewhat of an oil bust yet prices continue to climb.

Apr 17, 2018 07:22 AM #21
Rainmaker
2,355,327
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel ~ hi Alexandra... no doubt there are pockets where the market is more balanced or even more of a buyer's market... but this may be the first time since RE/MAX published the report that all 54 metro areas it follow are in a seller's market.

Apr 17, 2018 07:41 AM #22
Rainmaker
2,355,327
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Bob "RealMan" Timm ~ hi Bob... even in the Charlotte area, we still have little pockets where homes are only just beginning to recover value versus 10-12 years ago.

Apr 17, 2018 07:41 AM #23
Rainmaker
2,355,327
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Brian England ~ thanks, Brian. At the end of day, both RE/MAX and our MLS provide great material with which to work...it's just having a system to use it and explain it.

Apr 17, 2018 07:42 AM #24
Rainmaker
4,560,807
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

This is an excellent report to share.

I hope you are enjoying a most productive month.

Apr 17, 2018 08:58 AM #25
Rainmaker
2,355,327
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley ~ thanks, Roy. Can't fault the RE/MAX organization as to the quality of information they provide agents to use.

Apr 17, 2018 09:15 AM #26
Ambassador
2,677,187
Paul S. Henderson, REALTOR®,CRS,
RE/MAX Professionals. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

Here is another stellar national housing report. Well done Nina Hollander 

Apr 17, 2018 09:44 AM #27
Rainmaker
850,999
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

HI Nina Hollander - great information on a national scale for us to see how the market is doing. 

Apr 17, 2018 11:00 AM #28
Rainmaker
1,367,448
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Nina Hollander , real estate is local, hope Charlotte NC inventory will see an increase soon. Great time to list!

Apr 17, 2018 11:24 AM #29
Ambassador
3,272,887
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Nina- this is an excellent housing report. I love that you show how Charlotte compares with the rest of the country. 

Apr 17, 2018 11:35 AM #30
Rainmaker
2,355,327
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Kathy Streib ~ thanks, Kathy. Real estate is so local, it needs to be put in context, I believe.

Apr 17, 2018 12:11 PM #31
Rainmaker
2,355,327
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Beth Atalay ~ hi Beth... we are desperately in need of inventory to maintain sales. But sellers are so worried about finding the next home, they are not moving.

Apr 17, 2018 12:12 PM #32
Rainmaker
2,355,327
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sheri Sperry - MCNE® ~ hi Sheri... RE/MAX does an amazing job providing us with material to use in our social media and blogs.

Apr 17, 2018 12:13 PM #33
Rainmaker
2,355,327
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Paul S. Henderson, REALTOR®,CRS, ~ thanks, Paul. You're with RE/MAX and can also avail yourself of this material. I just like to use it to compare and contrast to my local market.

Apr 17, 2018 12:14 PM #34
Rainmaker
1,696,467
Patricia Feager
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Adam Contos, RE/MAX CEO's quote is very positive and reassuring! 

Consumers should know, when it comes to representation, you're a positive woman on a mission to succeed for all the right buyer and seller needs. 

Apr 18, 2018 05:35 AM #35
Rainmaker
2,355,327
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Patricia Feager ~ thanks, Patricia. I'm a firm believer that knowledge is power and our clients should have power.

Apr 18, 2018 05:53 AM #36
Rainmaker
2,557,914
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Nina Hollander,  Great job as always for you informing us here in the rain and your buyers and sellers of your knowledge!  Good Job!!!!

Apr 18, 2018 09:36 AM #37
Rainmaker
2,355,327
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Will Hamm ~ thanks much, Will! Trust you are having a productive week!

Apr 18, 2018 09:56 AM #38
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