What Happened In The Charlotte Region Housing Market In June 2019

By
Real Estate Agent with Coldwell Banker Residential Brokerage

 

Charlotte, North Carolina Region Housing Market Report:

June 2019

 

June 2019 Charlotte region housing update. Charlotte region remained a seller’s market in June 2019 with inventory remaining extremely tight and dropping 14% compared with the same time period one year ago. Lack of inventory and new listings resulted in higher home list and sale prices year-over-year, year-to-date, and month-over-month. Closed sales were down, but pending sales were up 16.3% 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 + VIDEO ABOUT THE CHARLOTTE REGION'S HOUSING MARKET PERFORMANCE IN JUNE 2019, CLICK HERE

 


Charlotte, NC Region Housing Snapshot June 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 SUMMER 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 Summer 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."

 

 

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 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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Rainmaker
3,009,660
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ginny Gorman hi Ginny... that affordability issue is a big one here, as well. And for many buyers it's a question of being approved for a higher purchase price. Income has not kept up with home price increases.

Jul 12, 2019 04:28 AM #5
Rainmaker
3,009,660
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... the issue is not so much if the market is in a seller's favor... it is... but if they are not leaving town, the buyer market is not in their favor either in terms of price or inventory.

Jul 12, 2019 04:29 AM #6
Ambassador
1,819,502
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Yes, it's the affordable homes that seem to be in scarce supply. We have sellers who are very concerned they won't be able to find a suitable home once theirs sells It's a big problem. 

Jul 12, 2019 06:36 AM #7
Rainmaker
3,009,660
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Debb Janes EcoBroker and Bernie Stea JD that, Debb, is precisely what is keeping our inventory so low for years now.

Jul 12, 2019 06:46 AM #8
Rainmaker
2,475,748
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

When I want to know what is going on in the Charlotte area, there is one person that I turn to and that is certainly you!

Jul 12, 2019 07:42 AM #9
Rainmaker
3,009,660
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Brian England hi Brian... and you really don't need anyone else... I will answer all your questions about Charlotte! 

Jul 12, 2019 10:01 AM #10
Rainmaker
2,486,441
Rebecca Gaujot, Realtor®
Vision Quest Realty - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

A seller's market in Charlotte NC! Sellers should be calling Nina Hollander to get their house marketed and SOLD.

Jul 12, 2019 10:16 AM #11
Rainmaker
3,009,660
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Rebecca Gaujot, Realtor® unfortunately, Rebecca, those sellers are not heeding the clarion call... they worry about finding the next home and affording it.

Jul 12, 2019 10:19 AM #12
Rainmaker
2,285,688
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Happy Friday Nina. A very good analysis of the Charlotte NC real estate market. Like my market, more inventory is needed!

Jul 12, 2019 10:20 AM #13
Rainmaker
3,009,660
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Anita Clark hi Anita... everytime I see those inventory numbers I think to myself "enough already, time for a normalized market!"

Jul 12, 2019 10:53 AM #14
Rainmaker
4,037,885
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, very valuable info for any buyers looking to relocate into Charlotte! 

Jul 12, 2019 11:02 AM #15
Rainmaker
5,303,720
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

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

Jul 12, 2019 11:08 AM #16
Rainmaker
3,009,660
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joan Cox hi Joan... hopefully it's also good information for sellers who are moving out of Charlotte! 

Jul 12, 2019 11:11 AM #17
Rainmaker
3,009,660
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley thanks, Roy, for popping by. Wishing you a lovely weekend to come.

Jul 12, 2019 11:12 AM #18
Rainmaker
5,303,720
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

We have a hot day in Maryland. Keep cool and have a great weekend.

Jul 12, 2019 11:13 AM #19
Rainmaker
3,009,660
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley thanks, Roy... pretty hot here too at 90 degrees... and very humid. Rainstorms don't seem to clean up the air.

Jul 12, 2019 11:55 AM #20
Ambassador
3,056,643
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

 I always enjoy how you tweak your market reports by pointing out the wonders of your data with an easy to read and understand format. Well done, Nina Hollander 

Jul 12, 2019 02:15 PM #21
Rainmaker
3,009,660
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Paul S. Henderson, REALTOR®, CRS as always, Paul, thanks for popping by with a nice comment. Wishing you a wonderful weekend.

Jul 12, 2019 03:13 PM #22
Rainmaker
5,303,720
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good Sunday morning, Nina.

We have another sunny day in Maryland and life is good. 

Jul 14, 2019 06:01 AM #23
Rainmaker
3,009,660
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley hi Roy... we have a sunny day here in Charlotte, as well, but very humid. I got home from a showing yesterday like three minutes before an incredible rain storm that lasted well over an hour. I have a feeling we might see more storms as the day progresses.

Jul 14, 2019 07:29 AM #24
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