One Minute Housing Market Video Update: National & Charlotte Region-May 2018

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

 

 

One-minute national housing market video update from RE/MAX for May 2018 for 54 metro areas around the country:

 

  • Home sales down 2.8% year-over-year
  • Median price of homes sold up 7.8% year-over-year to $251,673
  • Average days on market were down by 5 days to 46 days as compared with one year ago
  • Number of homes for sale down 9.5%  



No doubt that home buyer demand remains strong and that in most areas of the nation it's a seller's market, pure and simple. There just are not enough sellers listing their homes, despite rising prices. But keep in mind that real estate is very local, if not hyper-local... so be sure to have a discussion about your specific market conditions with your real estate professional.

 

 

How did the Charlotte region housing market perform in  May 2018 compared with national averages?

 

  • Home sales down 4.2% year-over-year (think "thinventory")
  • Median price of homes sold up 9.5% year-over-year to $245,000
  • Average days on market were down by 8 days to 38 days as compared with one year ago
  • Number of homes for sale down 20.0% (double the national average)

 

  

 

Is now the right time to sell your Charlotte metro area home? That depends on your motivation. If you'd like to have a quick conversation about that, please contact Carolinas Realty Partners with RE/MAX Executive. We'd be delighted to explore the pros and cons of listing your home now versus waiting.

 

Is now the right time to buy your Charlotte metro area home? Absolutely. Inventory gets tighter, prices keep increasing, interest rates are rising.

 

SEARCH ALL CHARLOTTE METRO AREA HOMES FOR SALE

 

Search for your Charlotte area dream home

 

 

FIND OUT WHAT YOUR CHARLOTTE METRO AREA HOME IS WORTH

 

Find out what your Charlotte metro area home is worth 

 

 

free instant home value report from greathomesincharlotte.com

 

These one minute housing market update videos are brought to you by Nina Hollander and Carolinas Realty Partners with RE/MAX Executive, your Charlotte metro area residential real estate experts.

 

If you are considering purchasing or selling 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."

 

 

Clock Image courtesy of fotographic1980 at FreeDigitalPhotos.net 

 

  

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, MBA, CRS, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with RE/MAX Executive
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 - 2017 Charlotte Magazine 5-Star Customer Satisfaction Award Winner

 

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Oh by the way, I'm never too busy for any of your referrals!

 

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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
Buyer Information - What Buyers Need to Know in Today's Market
2017 Market Trend Reports
Tags:
one minute housing market video update
one minute housing market video update may 2018
how charlotte nc compares to national housing trends
charlotte nc region housing market trends video may 2018

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Ambassador
2,750,823
Paul S. Henderson, REALTOR®,CRS,
RE/MAX Professionals. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

I think that your VIDEO market report is far more relaxing then the RE/MAX one minute extravaganza for the whole nation Nina!

Jun 20, 2018 06:06 PM #1
Rainmaker
2,447,714
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Paul S. Henderson, REALTOR®,CRS,  good morning, Paul. Thanks for the compliment. The RE/MAX report is great for those with serious attention deficit! (And fast readers!)

Jun 21, 2018 03:34 AM #2
Rainmaker
4,053,834
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. You are the local expert.Thanks for the video.

Jun 21, 2018 03:56 AM #3
Rainmaker
2,447,714
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gita Bantwal thanks, Gita. If I've learned anything over the past 25 years it's that people always want to know how the real estate markets are doing.

Jun 21, 2018 04:05 AM #4
Rainmaker
4,657,181
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Thank you very much, Nina, for sharing this video. Have a great day.

 

Jun 21, 2018 04:20 AM #5
Rainmaker
4,316,347
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 the information and update about the National & Charlotte real estate market.

Jun 21, 2018 04:40 AM #6
Rainmaker
2,447,714
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley good morning, Roy. Thanks for stopping by... trust your Thursday has gotten off to an excellent start.

Jun 21, 2018 05:56 AM #7
Rainmaker
2,447,714
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gabe Sanders good morning, Gabe... always love seeing your smiling face first thing in the morning! Wishing you a terrific Thursday.

Jun 21, 2018 05:57 AM #8
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