What Happened In Mecklenburg County Housing Market In Quarter 2, 2019

By
Real Estate Agent with Coldwell Banker Residential Brokerage

 

Mecklenburg County, NC Housing Market Report: 

2nd Quarter 2019

 

Second Quarter 2019 Mecklenburg County, North Carolina home sales kept the County a seller's market with just 2.1 months of inventory. Mecklenburg County includes the seven cities and towns of Charlotte, Pineville, Matthews, Mint Hill, Davidson, Huntersville, Cornelius.

 

During the second quarter of 2019, Mecklenburg County saw both inventory and months supply of homes decrease compared with the second quarter of 2018. Both median and average sale prices increased during the second quarter of 2019 compared with the same time period in 2018. Days on market increased to 34 days compared with second quarter 2018, but clearly homes are still selling very quickly on the whole.

 

Mecklneburg County Housing Market Snapshot Q2-2019

 

 

 

In the second quarter of 2019, Mecklenburg County saw a:

  • 6.2% increase in average sale prices (to $356,559) year-over-year. Average sale prices also increased by almost $40,000 from the first quarter of 2019.
  • 6.5% increase in median sale price (to $277,000) year-over-year. Median sales prices also increased by approximately $26,000 from the first quarter of 2019.
  • 3.9% decrease in inventory of homes for sale year-over-year.
  • 3.4% decrease in closed sales year-over-year. No doubt lack of inventory and higher prices contributed to this decreaSE.
  • 1.6% decrease in the months supply of homes (2.1 months supply) year-over-year.
  • Days on market year-over-year increased 18.4% (34 days on market). Days on market compared with the first quarter of 2019 dropped by 12 days.
  • 96.6% percent of original price received, indicating a small window of opportunity for buyers to negotiate on price.

 

 

Historical Quarterly Median Sales Price For Mecklenburg County Homes

Historical Median Sale Price For Mecklenburg County Homes

 

 

 DETAILED REPORT FOR MECKLENBURG COUNTY HOUSING MARKET

 

Mecklenburg County Real Estate Report Quarter 2, 2019 

 

 

 

SEARCH MECKLENBURG COUNTY HOMES FOR SALE

 

Search Mecklenburg Count Homes For Sale 

  

 

FIND OUT WHAT YOUR MECKLENBURG COUNTY HOME MAY BE WORTH IN TODAY'S MARKET 

 

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THE COLDWELL BANKER MARKETING ADVANTAGE

 

This quarterly Mecklenburg County 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. We've been opening doors for Mecklenburg County home buyers and sellers for 20+ years.

 

If you're considering selling or purchasing a home in Mecklenburg County, 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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 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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Ambassador
3,081,745
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

By watching the trends of all your July market reports it seems that you are in a thriving housing  economy.  Mecklenburg is a no different Nina Hollander 

Jul 16, 2019 07:07 AM #5
Rainmaker
4,408,504
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

Sorry to hear that the inventory continues to slow down in Mecklenburg.  Wishing you a great Tuesday.  A

Jul 16, 2019 08:11 AM #6
Rainmaker
3,060,493
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Paul S. Henderson, REALTOR®, CRS hi Paul... Charlotte region, on the whole, continues to move forward and I don't see that changing until we get a whole lot more inventory.

Jul 16, 2019 08:16 AM #7
Rainmaker
3,060,493
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel hi Alexandra... not as sorry as I am! Even a small change in invetory would be helpful.

Jul 16, 2019 08:17 AM #8
Rainmaker
3,307,615
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Nina - in a capsule yet detailed format you provide Mecklenburg County and buyers/sellers with the area real estate information that enhances knowledge and helps in the decision making process. As usual, a good job.

Jul 16, 2019 08:22 AM #9
Rainmaker
3,060,493
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Michael Jacobs hi MIchael... I like that categorization... "capsule" for my market report. I call them snapshots, but capsule also works well.

Jul 16, 2019 08:28 AM #10
Rainmaker
5,347,433
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will love your outstanding local market reports.

Jul 16, 2019 09:53 AM #11
Rainmaker
3,142,956
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Nina Hollander,  Always great to see your reports for the areas you cover.  Make it a great day!

Jul 16, 2019 11:14 AM #12
Rainmaker
3,060,493
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley thanks, Roy, as always for stopping by. Wishing you a good afternoon.

Jul 16, 2019 11:28 AM #13
Rainmaker
3,060,493
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Will Hamm hi Will... as always, thanks for popping by... make it a great day yourself!

Jul 16, 2019 11:28 AM #14
Rainmaker
1,899,970
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good afternoon Nina Hollander - the same story just a different quarter.

Jul 16, 2019 11:42 AM #15
Rainmaker
3,060,493
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Grant Schneider    hi Grant  ... maybe I should just say that next quarter and just add a graph or two.

Jul 16, 2019 12:05 PM #16
Rainmaker
1,202,750
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

HI Nina Hollander - ou always provide good information in your market reports. A potential buyer will see all the reasons why they should choose a home in Mecklenburg and why they should choose you!

Jul 16, 2019 02:25 PM #17
Rainmaker
2,888,126
James Dray
Fathom Realty - Rogers, AR
Exceptional Agents, Outstanding Results

Morning Nina.

With the sales price increasing, it weeds out some of the potential buyers.  

Jul 17, 2019 02:29 AM #18
Rainmaker
3,060,493
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sheri Sperry - MCNE® good morning, Sheri... the "better" parts of this County are becoming unaffordable for many buyers given lack of inventory.

Jul 17, 2019 06:39 AM #19
Rainmaker
3,060,493
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

James Dray hi James... the increasing sale prices are weeding out too many buyers these days, if you ask me.

Jul 17, 2019 06:39 AM #20
Rainmaker
5,347,433
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good Wednesday morning, Nina.

We have some unusually hot weather in Maryland. Keep cool and have an outstanding week.

Jul 17, 2019 06:42 AM #21
Rainmaker
3,060,493
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley hi Roy... very unusually not at this end, as well. What did we ever do without air conditioning?

Jul 17, 2019 06:53 AM #22
Rainmaker
4,066,666
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, great market update and valuable information for a buyer or seller in Mecklenburg County.

Jul 17, 2019 07:06 AM #23
Rainmaker
3,060,493
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joan Cox thanks, Joan. Charlotte region is so large, it's really important to break down trends into smaller areas.

Jul 17, 2019 10:54 AM #24
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