What Happened In The Charlotte Region Housing Market In May 2019

By
Real Estate Agent with Coldwell Banker Residential Brokerage

 

Charlotte, North Carolina Region Housing Market Report:

May 2019

 

Charlotte region remained a seller's market in May 2019 with inventory remaining extremely tight and lower than one year ago, resulting in higher home list and sale prices due to continued high buyer demand. Closed sales were up slightly, but pending sales were up 17.3% year-over-year. The housing affordability index continued to decrease, as well. Months supply of homes remained very low at 2.3 months and even lower for homes priced under $200,000. Year-to-date trends are all also showing increased prices, higher sales, and tight inventory.

 

MORE INFORMATION ABOUT THE CHARLOTTE REGION'S HOUSING MARKET PERFORMANCE IN MAY 2019, CLICK HERE

 


 Charlotte NC Region Housing Market Snapshot May 2019

 

  

 

FIND OUT WHAT THIS MEANS FOR CHARLOTTE REGION HOME BUYERS & SELLERS

 

 

  LOOKING FOR YOUR DREAM HOME IN THE CHARLOTTE AREA? 

 

 

To Get Your FREE Spring 2019 Home Buyer Guide: “Things To Consider When Buying A Home,” click here.

 

 

 WONDERING WHAT YOUR CHARLOTTE AREA HOME IS WORTH IN TODAY'S MARKET? 

   

 

To Get Your FREE Spring 2019 Home Seller Guide: “Things To Consider When Selling Your House,” click here.

 

 

SEARCH ALL CHARLOTTE AREA HOMES FOR SALE HERE

 

 

This monthly Charlotte, NC region housing market update is provided  by  Nina Hollander and Carolinas Realty Partners with Coldwell Banker Residential Brokerage, your Charlotte metro area residential real estate experts serving Charlotte area home buyers and sellers for 20+ years.

 

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

 "The Right Broker Makes All The Difference."

 

 

Great Homes In Charlotte

     

 

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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

 

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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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Buyer Information - What Buyers Need to Know in Today's Market
2019 Market Reports
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Rainmaker
4,314,800
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

You gave a wonderful view into the Charlotte market and that it is definitely a seller's market.  Those who want to sell should contact you for your valuable expertise in the area.  A

Jun 12, 2019 08:50 AM #1
Rainmaker
2,975,713
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel thanks, Alexandra. I'm gob-smacked every time I hear someone here say we're in a buyer's market... homes might be taking a bit longer to sell but with ever decreasing inventory and limited new listings, I don't see a buyer's market.

Jun 12, 2019 08:52 AM #2
Rainmaker
5,264,652
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much, Nina, for sharing your outstanding local market reports.

Jun 12, 2019 04:14 PM #3
Rainmaker
2,975,713
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley good morning, Roy. Thanks for stopping by. Trust you and Dolores had a wonderful anniversary celebration yesterday.

Jun 13, 2019 04:25 AM #4
Rainmaker
5,264,652
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thanks. We took a day trip to Longwood Gardens. The weather was perfect and the flowers were beautiful.

Jun 13, 2019 04:34 AM #5
Rainmaker
4,021,877
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, looks like Charlotte's real estate market is solid, even if the days on market increased slightly! 

Jun 13, 2019 05:43 AM #6
Rainmaker
2,975,713
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joan Cox hi Joan... with all the new construction here, those DOM can get skewed... well price resale homes sell licketty split.

Jun 13, 2019 05:49 AM #7
Rainmaker
2,975,713
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley hi Roy... sounds like a lovely way to spend the day... especially when the weather is good (which it wasn't here).

Jun 13, 2019 05:49 AM #8
Ambassador
1,807,066
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

I'm assuming with the good interest rates prevailing, we're going to see more buyers competing for the inventory in many markets. The supply/demand formula really does translate into higher prices. It's so important to have a seasoned pro on your side - that's why buyers ( and sellers) need to hire Nina. Have a productive and enjoyable day. D 

Jun 13, 2019 06:50 AM #9
Ambassador
1,612,049
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

As usual Charlotte has solid numbers. I do love the graphics you use to display the stats.

Jun 13, 2019 08:18 AM #10
Rainmaker
2,448,709
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

It is always good to see that things are going well in your area!  I hope that you are having a fun day my friend!

Jun 13, 2019 08:50 AM #11
Rainmaker
2,475,670
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

That's valuable listing and sales data for home buyers and sellers in Charlotte, Nina!

Jun 13, 2019 09:20 AM #12
Rainmaker
2,975,713
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Debb Janes EcoBroker and Bernie Stea JD hi Debb... the Charlotte market continues to be tight in terms of inventory and that keeps impacting affordability.

Jun 13, 2019 11:19 AM #13
Rainmaker
2,975,713
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joe Pryor thanks, Joe. It took a while to set up a template I liked, but now it's easy to slot in the numbers each month.

Jun 13, 2019 11:20 AM #14
Rainmaker
2,975,713
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Brian England hi Brian... thanks for stopping by... day is busy but moving along nicely. Tomorrow will be better with two closings.

Jun 13, 2019 11:22 AM #15
Rainmaker
2,975,713
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Myrl Jeffcoat thanks, Myrl. Now I just wish some of those Charlotte homeowners would decide to sell.

Jun 13, 2019 11:24 AM #16
Ambassador
3,914,936
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Hi Nina:

There's lots of good information here for buyers and sellers. Anyone needing help should be in touch with you. Looks like a pretty strong seller's market...not a surprise given what we keep hearing about the growth in the area.

Jeff

Jun 13, 2019 06:26 PM #17
Rainmaker
2,975,713
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Jeff Dowler, CRS good morning, Jeff. There are people who are thinking because houses are taking a few days longer to sell and we are not seeing crazy bidding wars that it's suddenly a buyer's market. But will decreasing inventory, no way it's a buyer's market.

Jun 14, 2019 04:02 AM #18
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