Is This A Good Time To Sell Your Charlotte Region Home?

By
Real Estate Agent with Coldwell Banker Residential Brokerage

 

Is This A Good Time To Sell Your Home?

 

It's a good time to sell your home based on June 2019 existing home sales compared with June 2018, as reported by the National Association of Realtors (NAR). Home prices continue to increase, the quantity of distressed properties for sale continues to fall, homes continue to sell quickly, inventory is still well below what's needed for a balanced market.  

 

It's A Good Time To Sell Your Home

 

 

How Does The Charlotte Region Housing Market Compare?

The Charlotte region's housing market is "tighter" than the national averages making it an even better market in which to sell your home:

  • Median sale price of homes increased 7.3% in June 2019 versus June 2018 and compared with 4.3% nationally. (Average sale price of homes in the Charlotte region increased 6.3% year-over-year, as well.) Ongoing price increases for Charlotte region homes has Charlotte slowly but surely "catching up" with national median prices at $267,250 versus the national median price of $285,700.

  • Months supply of homes is not increasing, unlike in the rest of the nation. Charlotte region's months supply of homes decreased 14.8% in June 2019 versus June 2018 to just 2.3 months of overall housing inventory. This compares with 4.4 months supply of homes in a national average. Overall, Charlotte region's housing inventory dropped 14% year-over-year.

  • Days on market for Charlotte homes on average is somewhat higher than the national average of 27 days at 40 days. Lack of affordable inventory contributes to this higher days on market.

  • Home sales in the Charlotte region were down 6.1% year-over-year compared with the national average of -2.2%. Again, lack of inventory in the Charlotte region contributed to the greater slow down in sales.

  • Distressed property/lender mediated sales in the Charlotte region represented just .9% of total closed sales in June 2019. That's less than half the average sales of distressed properties nationwide. Charlotte region's foreclosure sales were down 23.8% year-over-year, while short sales were down 43.8% year-over-year.

 

 

Video: 5 Things You Should Know About The Current Housing Market

 

Wages are increasing and mortgage rates are low. While Charlotte region inventory remains very low over time it should increase.... that means the longer you wait to sell the more competition you'll face from other homes. Let's get together to talk about how to use the strength of the current economy to your advantage if you're considering buying or selling a home in the near future!

 

 

 

 

Find Your Charlotte Region Dream Home

 

It's easy to find your Charlotte region dream home at GreatHomesInCharlotte.comYou can search for all homes for sale in the entire Charlotte metro area for sale here at: www.GreatHomesInCharlotte.com.

 

   

 

 

And don't miss out on the newest home listings in the Charlotte region. Sign up to receive email notification of homes as soon as they come on the market. You can customize your search to your specific needs and always be the first to know what's coming on the market in throughout Charlotte.

 

 

 

 

To Get Your FREE Summer 2019 Home Buyer Guide: "Things To Consider When Buying A Home," click here.

 

 

 

What's Your Charlotte Region Home Worth?

 

Wondering what your Charlotte region home is worth in today's market? If you got your home’s value from Zillow recently, but aren’t sure what to do next, find out by clicking on the picture below. Even Zillow agrees that your best bet is to get an accurate home value report from a real estate agent (hint: that's us). 

 

If you're thinking about selling your Charlotte metro area home, let's get together and discuss the supply conditions in your neighborhood and how we can assist you in gaining access to buyers who area ready, willing, and able to buy now.

   

 

Contact us if you'd like to receive our Neighborhood Analyzer Report on a monthly basis so you can keep track of home sales activity in your neighborhood.

We're happy to provide this information with no obligation on your part.

 

To Get Your FREE Summer 2019 Home Seller Guide: "Things To Consider When Selling Your House," click here.

 

 

This Charlotte, North Carolina real estate monthly update for the Charlotte region is brought to you 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 home buyers throughout the Charlotte region for 20+ years.

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

 "The Right Broker Makes All The Difference."

 

 

 

Originally posted at: https://greathomesincharlotte.com/uncategorized/its-a-good-time-to-sell-your-charlotte-home/

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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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Oh by the way, I'm never too busy for any of your referrals!

 

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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
4,400,046
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

Laughing at the NAR statistics, they are part of the glittering generalities that is dealt to the public by all the media at large.  Each market is different depending on location, affordability and desirability...

Aug 13, 2019 07:26 AM #7
Rainmaker
1,198,249
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Charlotte is such a hot market that owners who are considering selling should look at this now before winter comes. 

Aug 13, 2019 07:40 AM #8
Rainmaker
3,156,688
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

Home prices are going up from a year ago in the Charlotte Region, and Nina Hollander is ready to help all with their Real Estate goals!

Aug 13, 2019 07:50 AM #9
Rainmaker
3,135,862
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Nina,  Great information and interesting to see what is happening in your area.  Keep up the good work!

 

Aug 13, 2019 08:19 AM #10
Rainmaker
3,052,902
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Paul S. Henderson, REALTOR®, CRS good morning, Paul... I always like to add a bit of a twist to these kinds of reports as I think most people think statistics are pretty boring.

Aug 13, 2019 08:30 AM #11
Rainmaker
3,052,902
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Brian England hi Brian... thinventory is very much having an impact on closed sales in many of our areas in the Charlotte region.

Aug 13, 2019 08:31 AM #12
Rainmaker
3,052,902
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel hi Alexandra... the thing is that the public consumes the "national" statistics through media and don't understand how hyperlocal real estate markets are. So they reach all kinds of incorrect conclusions. I like to use the national statistics as a lead-in to talking about the local market. And even what I cover for the Charlotte region can get broken down into dozens of hyperlocal markets.

Aug 13, 2019 08:33 AM #13
Rainmaker
3,052,902
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sheri Sperry - MCNE® hi Sheri... the lack of inventory continues to be a very big issue for us. Sellers won't list for fear of not finding another home to buy and so we have a situation of which comes first... the chicken or the egg.

Aug 13, 2019 08:34 AM #14
Rainmaker
3,052,902
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 hi Sheila and Larry... our median home prices in the region increased 10% in July, year over year. That's huge for Charlotte. Meantime, housing affordability dropped 10% year over year. Makes one wonder how long this inventory shortage can continue.

Aug 13, 2019 08:35 AM #15
Rainmaker
3,052,902
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Will Hamm thanks, Will, for stopping by. I know the Denver market has slowed down a tiny bit, so far not seeing it here.

Aug 13, 2019 08:36 AM #16
Rainmaker
4,400,046
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

And we all find needing to educate the public at large, it is something that should be taught in school, so much better information than all this PC nonsense.  A

Aug 13, 2019 08:42 AM #17
Rainmaker
3,052,902
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel well, my dear, you are certainly preaching to the choir here. But will it be taught in schools anytime soon? I highly doubt that! 

Aug 13, 2019 08:44 AM #18
Rainmaker
1,895,330
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Nina - yes now is a great time to sell but worry about enough inventory to buy exists 

Aug 13, 2019 11:48 AM #19
Ambassador
3,780,401
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nina there is never a bad time to purchase a house in my opinion!!!  

Aug 13, 2019 12:01 PM #20
Rainmaker
3,052,902
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Grant Schneider hi Grant... the lack of inventory has been an issue in the Charlotte area for years now and it's affecting both sales and home prices, which impacts affordability for many buyers.

Aug 13, 2019 12:03 PM #21
Rainmaker
3,052,902
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

George Souto hi George... I wouldn't disagree with you... the problem is that people want to buy and it's hard to sell what's not there to sell.

Aug 13, 2019 12:03 PM #22
Rainmaker
2,106,166
Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
New Hampshire Home Stager

A great time to sell! My son-in-law's mother just listed her home and received an offer for $5000 over asking on the first day...the buyers made the offer without even seeing the house in person!

Aug 13, 2019 03:02 PM #23
Rainmaker
3,052,902
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sharon Tara oh wow, Sharon! That must have been a nice house at a great price!

Aug 14, 2019 06:09 AM #24
Rainmaker
2,515,786
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

That's valuable real estate market data for home buyers and sellers in Charlotte, Nina.

Aug 14, 2019 07:14 PM #25
Rainmaker
3,052,902
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Myrl Jeffcoat hi Myrl... I suspect that it's a good time to list and sell one's home in many parts of the country right now.

Aug 15, 2019 04:47 AM #26
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