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

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Real Estate Agent with Coldwell Banker Residential Brokerage | Charlotte, NC

 

 

RE/MAX April 2018 National Housing Report

 

 

The RE/MAX National Housing Report for April 2018:  "Home Sales Increase 2.3% Despite Peaking Prices, Ever-Shrinking Inventory" was this month's headline.  Thirty-eight of the 53 markets in the report posted more sales than in April 2017, while the 2.5 months supply of inventory tied March as the lowest ever in the history of the RE/MAX National Housing Report.

 

To quote Adam Contos, RE/MAX CEO:  “If 2018 is like recent years, we’re only two months away from home prices peaking — we’re already seeing some impressive prices moving up in markets throughout the U.S. As we head into summer, we’ll watch several housing markers like home starts, mortgage applications and sales price to gauge the effect they’ll have on inventory across the country — the good news is that the rate of sales helps accommodate a shrinking inventory and buyers can still find opportunities.”

 

RE/MAX National Housing Report April 2019

 

 

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 April 2018:

 

The RE/MAX National Housing April 2018 Report's headline could be used for the Charlotte region's home sales in April, as well:  "Home Sales Increase 1.6% Despite Peaking Prices, Ever-Shrinking Inventory."

 

  • Median sale price of Charlotte region homes was up 7.4% compared with April 2017 versus 7.5% nationally. Charlotte area's median price sale of $240,000 in April has essentially caught up with national averages ($236,000) and exceeded national numbers, increasing from $223,496 just one year ago.
     
  • Closed sales in Charlotte region were up 1.6% compared with an increase of 2.3% nationally in April 2018. Extreme lack of affordable inventory in Charlotte contributed to this small increase.
     
  • Months supply of homes in the Charlotte region was 2.1 months, down 25.0% versus April 2017. Charlotte region's months supply of homes remains lower than the national average of 2.5 months, putting pressure on both closed sales and home prices.

  • Inventory of homes in the Charlotte region was down 22.6% in April 2018 (compared with national figures down 11.3%) versus one year ago. Inventory in the Charlotte region has continued to decrease 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 44 days (down 5 days and 10.2% year-over-year). Cumulative days on market in Charlotte in April 2018 were 53. 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 April 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. 

 

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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:

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SEARCH ALL CHARLOTTE METRO AREA HOMES HERE

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

 

 

 

Nina Hollander

Broker, Realtor, MBA, CRS, 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 - 2018 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
4,177,533
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 

May 23, 2018 05:07 AM #1
Rainmaker
2,741,288
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

I love the report, it inludes all the key points Nina Hollander I am seeing similar things here as well.  

May 23, 2018 05:23 AM #2
Rainmaker
2,576,639
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gita Bantwal ~ thanks Gita... and thanks for stopping by. Wishing you a wonderful Wednesday.

May 23, 2018 05:49 AM #3
Rainmaker
2,576,639
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Scott Godzyk ~ good morning, Scott... I suspect many of our markets are mirroring each other these days.

May 23, 2018 05:50 AM #4
Rainmaker
1,793,325
Patricia Feager
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Nina Hollander - Market reports are always easier to understand when you do it because you do it right!

May 23, 2018 06:26 AM #5
Rainmaker
2,576,639
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Patricia Feager ~ thanks you, Patricia! Even a numbers geek like myself finds poorly written reports deadly... so I try very hard to make mine as understandle as possible for all kinds of readers.

May 23, 2018 06:32 AM #6
Ambassador
1,632,957
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Our days on  market are also at about 44 right now, Nina. Although, it varies depending upon location and the price point. And, regardless of the how light the inventory - homes better be in great condition and priced right if sellers expect them to move quickly. D 

May 23, 2018 07:04 AM #7
Rainmaker
2,576,639
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Debb Janes EcoBroker and Bernie Stea JD ~ hi Debb... same here... a home not in the right condition, not well marketed and priced incorrectly will sit. I think the only thing that is keeping our DOM even this high are the higher priced listings (which are your average priced homes!).

May 23, 2018 07:53 AM #8
Rainmaker
23,029
James Grant
Asheville, NC

Good Morning, Nina, Thanks for the update on the market and Have a Nice Day!

May 23, 2018 08:15 AM #9
Rainmaker
2,576,639
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

James Grant ~ good morning to you, James. As always thanks for stopping by and wishing you a lovely Wednesday!

May 23, 2018 08:35 AM #10
Rainmaker
1,320,488
Bob "RealMan" Timm
Tivoli Custom Homes - Minot, ND
Bob Timm, Project Coordinator for Tivoli Homes

Very interesting Nina Hollander I always love to see the national map and the entire countries real estate trends.

May 23, 2018 09:01 AM #11
Rainmaker
2,576,639
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Bob "RealMan" Timm ~ hi Bob... I always feel it adds to our credibility when we can talk about national trends and how they compare to or impact local markets.

May 23, 2018 09:15 AM #12
Rainmaker
4,469,551
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Nina.  Thanks for sharing this National Housing Report and how it relates to Charlotte.

 

May 24, 2018 04:40 AM #13
Rainmaker
2,576,639
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Bob "RealMan" Timm ~ hi Bob... there are lots of reasons I affiliated with RE/MAX, left them, went back to them... and this kind of market data which they provide for us agents to share is just one little reason.

May 24, 2018 04:48 AM #14
Rainmaker
2,576,639
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gabe Sanders ~ good morning, Gabe... thanks for popping by... wishing you a terrific Thursday!

May 24, 2018 04:48 AM #15
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Rainmaker
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