Charlotte, North Carolina Region Real Estate Report:
Charlotte, North Carolina region real estate report and housing market snapshot for August 2019. Charlotte region remained a seller’s market in August 2019 with inventory remaining extremely tight, dropping 17.5% compared with August 2018.
Lack of inventory and new listings resulted in higher home list and sale prices year-over-year, and year-to-date. Average sale prices increased 5.5% and median sale prices increased 5.2% year-over-year.
Closed sales were down 2.9% due to lack of inventory, but pending sales were up 18.5% year-over-year.
Homes continue to sell quickly with average days on market 38 (flat year-over-year).
The housing affordability index continued to decrease, as well -- 6.2% year-over-year and 6.1% year-to-date.
Months supply of homes remained very low at 2.3 months (down 17.9% year-over-year) and even lower for homes priced under $200,000.
Year-to-date trends are all also showing higher home sale prices, higher sales, and tight inventory.
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How The Charlotte Region Housing Market Performed In
August 2019 versus August 2018
MEDIAN HOME SALE PRICE TRENDS IN THE CHARLOTTE REGION
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.
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