What Happened In Charlotte Region's Housing Market In Quarter 2, 2019?

By
Real Estate Agent with Coldwell Banker Residential Brokerage

 

Charlotte, NC Region Housing Market Update: 

2nd Quarter 2019

 

Second 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 second quarter 2019 might well be about the continued decreases in the supply of homes available for sale across the region with a resulting increase in home prices in  the region and minimal increase in closed sales.  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 2.3 months, Charlotte region remained a seller's market in the second quarter of 2019.

 

 

 

 

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

  • 4.7% increase in average sale prices (to $312,328) year-over-year.
  • 14% decrease in inventory of homes for sale year-over-year.
  • 1.4% increase in closed sales year over year.
  • 15.1% decrease in the months supply of homes (2.3 months supply) year-over-year.
  • Days on market year-over-year were 43 (down 9 days versus the first quarter 2019).
  • 97.2% of original price received, indicating a small window of opportunity for buyers to negotiate on price.

 

Chalotte Region Housing Market Update: Q2 2019

  

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

 

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Median Home Sale Price Trends For Charlotte Region

 

 

 

This quarterly Charlotte, NC region housing market for Quarter 2, 2019 update is provided 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."

 

 

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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 - 2019 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
4,443,718
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Good morning Nina,

Your second quarter report on the Charlotte area is as always well done and well thought out.  Happy Sunday!  A

Jul 14, 2019 08:33 AM #3
Ambassador
3,099,517
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

 I always find your market analysis to be a breath of fresh air Nina Hollander 

Jul 14, 2019 08:38 AM #4
Rainmaker
3,091,609
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Paul S. Henderson, REALTOR®, CRS thanks, Paul... I always appreciate your taking time to pop by and leave a nice comment. Trust you are enjoying your summer.

Jul 14, 2019 11:10 AM #5
Rainmaker
3,091,609
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel thanks, Alexandra. I've been all absorbed in the Wimbledon mens' final... quite an incredible match.

Jul 14, 2019 11:12 AM #6
Rainmaker
3,167,243
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Nina Hollander, Always on top of your game with the market reports.  Make it a great week.

 

Jul 14, 2019 02:42 PM #7
Rainmaker
4,443,718
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina Hollander we watched it also, and it was finished in time for us to go the the airport to pick up my niece. We were rooting for Roger!  A

Jul 14, 2019 04:58 PM #8
Rainmaker
1,216,920
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Nina Hollander - The Charlotte market continues to rise through the quarters.  It is hard to believe that we are in the third quarter already!

Jul 14, 2019 07:52 PM #9
Rainmaker
2,913,560
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Nina.

Looking at the chart, that is some increase in value in the last three years.

Jul 15, 2019 12:46 AM #10
Rainmaker
3,091,609
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

James Dray good morning, James... that it is... and that's why so many potential buyers are getting priced out of the market here right now.

Jul 15, 2019 04:27 AM #11
Rainmaker
3,091,609
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sheri Sperry - MCNE® hi Sheri... I know... I was thinking this morning that more than half the year is gone and I'm wondering where it went to!

Jul 15, 2019 04:27 AM #12
Rainmaker
3,091,609
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel hi Alexandra... well, I was rooting for the other guy... have been a fan of Djokovich since he first came on the scene. Not that I have anything against Federer... but Djokovich has been a favorite of mine for a long time.

Jul 15, 2019 04:28 AM #13
Rainmaker
3,091,609
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Will Hamm thanks much, Will. Wishing you a good week ahead, as well.

Jul 15, 2019 04:29 AM #14
Rainmaker
5,380,238
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

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

Jul 15, 2019 05:58 AM #15
Rainmaker
3,091,609
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley thank you, Roy, for stopping by and for the nice comment. Wishing you a lovely Monday to start off your week.

Jul 15, 2019 06:12 AM #16
Rainmaker
1,918,742
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Nina - the slight slowdown is some areas is certainly not in Charlotte.

Jul 15, 2019 06:31 AM #17
Rainmaker
3,091,609
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Grant Schneider good morning, Grant... the Charlotte region keeps pluggin along... we have some pockets that are slower, but overall still a seller's market.

Jul 15, 2019 06:38 AM #18
Rainmaker
707,079
Bill Roberts
Brooks and Dunphy Real Estate - Oceanside, CA
"Baby Boomer" Retirement Planner

Hi Nina Hollander I hope all is well with you. In reading through the comments, I just had to ask "Who is Hoyt?"

Bill Roberts

Jul 16, 2019 01:18 PM #19
Rainmaker
3,091,609
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Bill Roberts hey there, Bill... nice to see your smiling face! And hope all is well at your end. Hoyt is my former partner in NYC when I was with Halstead Property. Margaret Rome asked for a referral to a top Manhattan broker... and I put her together with my old friend and partner, Hoyt Spelman.

Jul 16, 2019 01:37 PM #20
Rainmaker
707,079
Bill Roberts
Brooks and Dunphy Real Estate - Oceanside, CA
"Baby Boomer" Retirement Planner

And I thought it was just another on your trail of broken hearts.

Bill Roberts

Jul 16, 2019 01:47 PM #21
Rainmaker
3,091,609
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Bill Roberts don't think I've broken anyone's heart in decades, Bill! And if I have, I didn't know.

Jul 16, 2019 02:13 PM #22
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