Charlotte, North Carolina Region Real Estate Report:
Charlotte, North Carolina region real estate report and housing market snapshot for September 2019. Charlotte region remained a seller’s market in September 2019 with inventory remaining extremely tight, dropping 19% compared with September 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 6.8% and median sale prices increased 10.4%% year-over-year. Year-to-date average and median sale prices increased 5.1% and 6.7% respectively.
Closed sales increased 8.3%, while pending sales were up 37.6% year-over-year in September.
Homes continue to sell quickly with average days on market 39 days.
The housing affordability index continued to decrease, as well ~ down 9.9% year-over-year and 7.1% year-to-date.
Months supply of homes remained very low at 2.2 months (down 21.4% 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
September 2019 versus September 2018
MEDIAN HOME SALE PRICE TRENDS IN THE CHARLOTTE REGION
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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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