Charlotte Region Monthly Real Estate Report: August 2019

By
Real Estate Agent with Coldwell Banker Residential Brokerage

 

Charlotte, North Carolina Region Real Estate Report:

August 2019

 

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.

 

Want to know what this would mean for your family if you decide to buy or sell a Charlotte region home?

We can help.

Call us today at 704-779-0813 or contact us here.

There’s absolutely NO OBLIGATION. A consultation with Carolinas Realty Partners is FREE

 

 

 

How The Charlotte Region Housing Market Performed In

August 2019 versus August 2018

 

Charlotte Region Monthly Real Estate Report: August 2019

 

 

 

MEDIAN HOME SALE PRICE TRENDS IN THE CHARLOTTE REGION

 

 

 

  LOOKING FOR YOUR DREAM HOME IN THE CHARLOTTE AREA? 

 

 

To Get Your FREE 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  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."

 

 

Great Homes In Charlotte

     

 

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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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Ambassador
1,160,707
Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

HI Nina. Very detailed Housing Market for Charlotte Region. Home owners love these seller's market, but its tough on buyers with that low inventory and higher prices. 

Sep 10, 2019 09:58 AM #1
Rainmaker
1,677,589
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

thanks for your market update.  It is always good to see what is going  on in different parts of the Charlotte metro area. 

Sep 10, 2019 10:03 AM #2
Rainmaker
4,441,277
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Good afternoon to you Nina, althought it is still morning her.  What a great update on the general Charlotte metro area...Sellers delight and buyers plight...A

Sep 10, 2019 10:57 AM #3
Rainmaker
1,215,530
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Nina Hollander

The Charlotte area market is still very strong and active and needs someone like you helping clients find the right choice for themselves.

Sep 10, 2019 06:40 PM #4
Rainmaker
2,911,498
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Nina.

The inventory says it all down 17.5%.  Have a great day, got to run.  

Sep 11, 2019 01:14 AM #5
Rainmaker
3,089,149
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

James Dray good morning, James... lower inventory, higher demand leads to higher home prices... such an easy concept and yet people keep saying the market is turning down.

Sep 11, 2019 03:58 AM #6
Rainmaker
3,089,149
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sheri Sperry - MCNE® thanks, Sheri... too many people worrying about recessions and yet in Charlotte we are still scrambling for inventory.

Sep 11, 2019 03:59 AM #7
Rainmaker
3,089,149
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel hi Alexandra... it continues to amaze me for how many years I keep telling essentially the "same story" about the Charlotte market.

Sep 11, 2019 04:00 AM #8
Rainmaker
3,089,149
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lise Howe thanks, Lise, for popping by. Trust your fall season (even if doesn't yet feel like fall) has gotten off to a great start.

Sep 11, 2019 04:01 AM #9
Rainmaker
3,089,149
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Jerry Newman good morning, Jerry,,, so true... we continue to see buyers getting priced out of the market despite much lower interest rates.

Sep 11, 2019 04:02 AM #10
Rainmaker
4,077,425
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, always nice to see how Charlotte's makret is doing.   We had similar low inventory, but not so much now.

Sep 12, 2019 05:16 AM #11
Rainmaker
3,089,149
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joan Cox hi Joan... our inventory levels are still so very tight, especially for homes under $325,000... as for most townhomes, just forget about it!

Sep 12, 2019 05:18 AM #12
Rainmaker
2,535,677
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.

Sep 12, 2019 03:34 PM #13
Rainmaker
3,089,149
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Myrl Jeffcoat hi Myrl... Charlotte keeps plugging along and defying many of the trens we're seeing in other housing markets in the nation.

Sep 13, 2019 04:09 AM #14
Ambassador
3,098,369
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

You sure do excel in marketing your area. When I think of Charlotte, I think of you Nina Hollander 

Sep 13, 2019 12:17 PM #15
Rainmaker
3,089,149
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Paul S. Henderson, REALTOR®, CRS why thanks, Paul... you sure do say the nicest things to me!

Sep 13, 2019 03:25 PM #16
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