What Happened In Charlotte Region's Housing Market In Quarter 1, 2019

By
Real Estate Agent with Coldwell Banker Residential Brokerage

 

Charlotte, NC Region Housing Market Update: 

1st Quarter 2019

 

First Quarter 2019 Charlotte, North Carolina region's home sales continued the trends we've seen since 2015. Home buyers are still finding the housing market very competitive with higher home prices and a lack of properties to buy, especially in affordable homes. Buyers looking for a bargain are "hard pressed" to find one. 

Meantime, home sellers continue to sell their homes relatively quickly and for top dollar, when priced right for condition and location. The "story" of the first quarter 2019 might well be about the continued decreases in the supply of homes available for sale across the region with a resulting decrease in closed sales in  the region, albeit a relatively small decrease. It's worth pointing out that this "story" is now an "old" story, because that was also the story of 2016, 2017, and 2018. And with inventory at 2.2 months, Charlotte region remained a seller's market in the first quarter of 2019.

 

 

 

 

In the first quarter of 2019, the Charlotte region saw a:

  • 3.5% increase in average sale prices (to $280,541) year-over-year.
  • 6.3% decrease in inventory of homes for sale year over year.
  • 2.3% decrease in closed sales year over year.
  • 5.7% decrease in the months supply of homes (2.2 months supply) year over year.
  • Days on market year over year were flat (52 days on market).
  • 96.1% percent of original price received, indicating a small window of opportunity for buyers to negotiate on price.

 

Charlotte Region Housing Update 1st Quarter 2019

 

 

SEARCH CHARLOTTE REGION HOMES FOR SALE

 

 

Search Charlotte Homes For Sale

 

 

FIND OUT WHAT YOUR CHARLOTTE REGION HOME MAY BE WORTH IN TODAY'S MARKET 

 

What's My Charlotte Home Worth?

 

This quarterly Charlotte, NC region housing market update is brought to you by Nina Hollander and Carolinas Realty Partners with Coldwell Banker Residential Brokerage, your Charlotte metro area residential real estate experts. We've been opening doors for Charlotte region home buyers and sellers for 20+ years.

 

If you're considering selling or purchasing a home in the Charlotte region, I'd love an opportunity to earn your business, exceed your expectations, and to show you how:

 "The Right Broker Makes All The Difference."

 

 

Great Homes In Charlotte

 

 

Posted by

 

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 - 2018 Charlotte Magazine 5-Star Customer Satisfaction Award Winner

 

 Connect with me also on these sites:  

 

facebook google plustwitterlinkedinpinterest

  

                                                                                                                                          

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

 

Find Your Charlotte Home

 

How Much Is My Home Worth       Free Charlotte Relocation Package

 

 

 

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.

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
North Carolina
Groups:
Charlotte NC Real Estate
Charlotte North Carolina Area
Market Reports
2019 Market Reports
Tags:
charlotte
charlotte homes for sale
charlotte region housing market update
charlotte region housing
great homes in charlotte
charlotte region housing market update 1st quarter 2019
how did the charlotte region housing market do in 1st quater 2019

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
4,230,739
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

What a nice quarterly report on the Charlotte market place! Love the small room for buyers to negotiate!  Cheers, A

Apr 13, 2019 12:10 PM #1
Rainmaker
2,893,989
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel hi Alexandra... that little bit of room to negotiate can disappear as quickly as it appeared. And unfortunately when you deal with such a large region, the statistic can be a bit deceptive as many of the "prime" neighborhoods around Charlotte see almost no negotiating factor.

Apr 13, 2019 02:03 PM #2
Rainmaker
1,524,743
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

I imagine that if there is land available to develope it's very expensive or it gets scooped up quick Nina Hollander . BTW what an exciting market to be working in!

Apr 13, 2019 04:47 PM #3
Rainmaker
3,087,286
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

Buyers and sellers do want to know this information, and getting the up-to-date stats to them in the Charlotte neighborhoods would be Nina Hollander~

Apr 14, 2019 04:16 AM #4
Rainmaker
2,893,989
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Bob "RealMan" Timm hi Bob... the cost of land is probably one of the biggest factors influencing the cost of new construction... and it's been that way for a while.

Apr 14, 2019 04:45 AM #5
Rainmaker
2,893,989
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 good morning, Sheila and Larry... thanks for popping by... wishing you a lovely Sunday (more thunderstorms here today again).

Apr 14, 2019 04:45 AM #6
Rainmaker
5,168,710
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Home buyers and home sellers will be in very good hands when they seek your advice and use your professional real estate services.

Apr 14, 2019 05:33 AM #7
Rainmaker
2,893,989
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley hi Roy.... I like to think so, myself! Seriously, knowing one's market is key to helping clients make the right decisions. 

Apr 14, 2019 06:58 AM #8
Rainmaker
3,119,360
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Nina, loved your detailed Market Report, now on a side note did you get a new Logo or it is just me? Endre

Apr 14, 2019 11:10 PM #9
Rainmaker
2,893,989
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Endre Barath, Jr. thanks, Endre. To answer your question, I did a new logo about six months ago... shortly after I moved to Coldwell Banker.

Apr 15, 2019 03:57 AM #10
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
2,893,989

Nina Hollander

Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor
What real estate questions can I answer for you today?
*
*
*
*
Spam prevention

Additional Information