Low Inventory Continues in Charlotte but, Easing Q2 2019

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Real Estate Agent with www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 228209

Low Inventory Continues in Charlotte but, Easing Q2 2019

 

In March, 2010, Charlotte marked historically high inventory levels (13.9 month supply) and as the recession eased, inventory levels fell into a strong sellers’ market. Since 2015, Charlotte housing inventory has been less than a 3-month supply. In August, 2018, we were at an all-time low with a 2-month supply and in some parts of Charlotte, even lower than that. 

 

low inventory reversing course

 

This painfully low inventory level has been driving up competition (and prices) for real estate in markets all across the country as well. But it looks like 2019 is going to see that (finally!) begin to shift. While gains are expected to be modest, housing inventory is at least going to be heading in the right direction in the upcoming year.

 

According to Realtor.com’s 2019 Housing Forecast, national inventory increases are projected to hover right under 7% for 2019 (which is in stark contrast to last winter when inventory hit the lowest level in recorded history). Some types of properties will see more growth than others—while entry-level buyers will see only modest changes in inventory, higher-priced properties (and higher-priced markets) should see a more notable change in available inventory during 2019.

 

Inventory Increasing in Charlotte

 

The Bottom Line

If you’ve been thinking about buying a home in Charlotte but haven’t been able to find one in this highly competitive market, it looks like things are finally starting to shift in your favor—and (hopefully!) finding a home this spring, 2019 is about to get a lot easier.

 

If you’re thinking about buying a home in Charlotte this spring, make sure you work with a qualified real estate professional. There’s a reason 9 out of 10 buyers partner with an agent or broker to find and purchase their dream home and I’d love to help you find yours.

Call or text (704) 491-3310 - let’s talk!

 

Hiring the RIGHT Charlotte Realtor® is critical to your home buying success!

 

*References from any of our sellers are available upon request.  Read our reviews www.CharlotteRealEstateAgentReviews.com

 

© Debe Maxwell | The Maxwell House Group | RE/MAX Executive | CharlotteBroker@icloud.com | Low Inventory Continues in Charlotte but, Easing Q2 2019

Originally posted at https://www.icharlotterealestate.com/low-inventory-continues-in-charlotte-but-easing-q2-2019/

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Buyer Information - What Buyers Need to Know in Today's Market
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Rainmaker
2,724,686
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

May the wave of ease continue into the next few months into quarter three. :)

Apr 16, 2019 11:10 PM #1
Rainmaker
3,147,826
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Debe, what a great way to explain what the first Quarter was like and what to expect in the second Quarter in your part of the world, Endre

Apr 16, 2019 11:22 PM #2
Rainmaker
718,711
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Our local inventory is still low Debe Maxwell, CRS BUT with interest rates creeping lower and prices inching higher I'm hoping for an increase in inventory

Apr 17, 2019 01:23 AM #3
Rainmaker
2,800,600
James Dray
Fathom Realty AR LLC - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Debe.

I haven't checked on our inventory in a few months.  I've been too busy reviewing contracts.  

Apr 17, 2019 02:38 AM #4
Rainmaker
4,827,422
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Debe Maxwell, CRS we've been experiencing an increase in listings and hopefully that lingers...

Apr 17, 2019 03:34 AM #5
Rainmaker
3,128,442
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Debe. Thinventory is a curse that continues. Those prepared, like yourself, continue to thrive. Enjoy your day!

Apr 17, 2019 05:34 AM #6
Rainmaker
1,823,763
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good mornng Debe - we have been seeing this in the higher priced homes it would be good to see more in the lower and entry priced homes.

Apr 17, 2019 07:18 AM #7
Rainmaker
3,483,438
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Debe. I am not much into reading statistics but I love that you bottom lined it

Apr 17, 2019 07:56 AM #8
Rainmaker
3,035,516
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Debe,  We are seeing our inventory in the Denver area going up above  2015 numbers.

Apr 17, 2019 07:58 AM #9
Rainmaker
5,215,046
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is important information to share. Prospective home buyers will be in very good hands when they use your professional real estate services.

Apr 18, 2019 04:55 AM #10
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