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

By Nina Hollander, Broker

Real Estate Agent with Coldwell Banker Realty 179530

July 22, 2018 05:24 AM

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

Home sales down 5.5% year-over-year
Median price of homes sold up 5.1% year-over-year to $285,500
Average days on market were down by 5 days to 42 days as compared with one year ago
Number of homes for sale up 1.4%

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 June 2018 compared with national averages?

Home sales down 11.9% year-over-year (think "thinventory")
Median price of homes sold up 2.8% year-over-year to $248,045
Average days on market were down 7 days to 36 days as compared with one year ago
Number of homes for sale down 17.2% year-over-year

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

FIND OUT WHAT YOUR CHARLOTTE METRO AREA HOME IS WORTH

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

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Roy Kelley

Retired - Gaithersburg, MD

Thank you very much, Nina, for sharing this report. Have an outstanding week.

Jul 22, 2018 05:44 AM

Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Gabe Sanders good morning, Gabe... it's my monthly report for those who have some sort of attention deficit disorder!

Jul 22, 2018 05:53 AM

Gabe Sanders

Stuart, FL

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Wayne Martin hi Wayne... you've hit the nail on the head and this lack of inventory, especially affordable inventory, is really putting a damper on closed sales.

Jul 22, 2018 05:54 AM

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Roy Kelley thanks, Roy... and here's wishing you an outstanding week, as well. Will look forward to hearing about your "adventures" in your posts.

Jul 22, 2018 05:54 AM

Roy Kelley

Gaithersburg, MD

Joan Cox

House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO

Denver Real Estate - Selling One Home at a Time

Nina, interesting to see how the national market is doing, and knowing how our local market is doing.

Jul 22, 2018 06:00 AM

Nina Hollander, Broker

Charlotte, NC

Brian England

Ambrose Realty Management LLC - Gilbert, AZ

MBA, GRI, REALTOR® Real Estate in East Valley AZ

A quick and easy way to keep up to date with what is going on in the market, following your blog is a must.

Jul 22, 2018 06:58 AM

Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Joan Cox hi Joan... there can be big differences between national averages and local averages... for example, nationally, inventory popped up a bit in June and in Charlotte it's down double digits (still).

Jul 22, 2018 07:28 AM

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Brian England thanks, Brian.... so many people don't have an attention span longer than a minute or two these days, unfortunately.

Jul 22, 2018 07:29 AM

Brian England

Gilbert, AZ

Ron and Alexandra Seigel

Napa Consultants - Carpinteria, CA

Luxury Real Estate Branding, Marketing & Strategy

Nina,

What a nice way to present what is happening nationally as well as in your Charlotte market. A

Jul 22, 2018 08:00 AM

Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Ron and Alexandra Seigel thanks, Alexandra... I always say this monthly post if for those who have short attention spans!

Jul 22, 2018 08:09 AM

Jim Crawford

Long & Foster - Fredericksburg, VA

Jim Crawford Broker Associate Fredericksburg VA

Thank you for taking the time to prepare and share this. Very professional! This is most informative and exactly the type of information buyers and sellers need to make informed decisions. Have a wonderful day Nina Hollander!

Jul 22, 2018 08:28 AM

Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Jim Crawford thanks, Jim. RE/MAX provides great material to work with and adding my own local data is then a fairly simple exercise.

Jul 22, 2018 08:38 AM

Jim Crawford

Fredericksburg, VA

Jim Crawford

I totally agree Nina Hollander

Jul 23, 2018 08:41 AM

Paul S. Henderson, REALTOR®, CRS

Fathom Realty Washington LLC - Tacoma, WA

South Puget Sound Washington Agent/Broker!

Who am I to argue with success and that RE/MAX Balloon Nina...

Have a wondeful Sunday!

Jul 22, 2018 09:07 AM

Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Paul S. Henderson, REALTOR®,CRS, hi Paul... I certainly don't argue with the success story that RE/MAX is... one reason I stay with RE/MAX.

Jul 22, 2018 09:26 AM

Paul S. Henderson, REA...

Tacoma, WA

Jeremy K. Frost

Keller Williams Realty - Dripping Springs, TX

Associate Broker, ABR,CNE,CRS,ePro,PSA,RENE,SRS

Thank you for keeping us posted and up to date. Have a great rest of the weekend!

Jul 22, 2018 10:37 AM

Nina Hollander, Broker

Charlotte, NC

Grant Schneider

Performance Development Strategies - Armonk, NY

Your Coach Helping You Create Successful Outcomes

Good morning Nina - I am sure that the shortage of inventory in the lower prices and the influx of millennials is added to the pressure.

Jul 22, 2018 11:45 AM

Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Grant Schneider for sure, Grant. Those are the first time buyers who have more limited budgets and that's where our lack of inventory is at critical levels.

Jul 22, 2018 01:58 PM

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Jeremy K. Frost thanks, Jeremy, for popping by and the good wishes. Here's wishing you a most productive new week to come.

Jul 22, 2018 01:58 PM

Carol Williams

Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA

Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

Good morning, Nina.
Another great market report. It takes a true professional like you to help buyers and sellers navigate this hot hot market period.

And, I love that you don't tell people now IS the time to sell. You say it depends on their motivation. It may be a great time to sell but it isn't necessarily the right time for them.

Jul 23, 2018 05:33 AM

Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Carol Williams hi Carol... thank you. It's never the absolute right time to sell or buy for every prospective buyer or seller... some time may be better than others for many. But for some, it may be a time to hold off for whatever reason.

Jul 23, 2018 05:53 AM