Charlotte Region Real Estate Report: September 2019

By
Real Estate Agent with Coldwell Banker Residential Brokerage

 

Charlotte, North Carolina Region Real Estate Report:

September 2019

 

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.

 

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

September 2019 versus September 2018

 

 Charlotte Region Real Estate Report September 2019

 

 

 

MEDIAN HOME SALE PRICE TRENDS IN THE CHARLOTTE REGION

 

 

 

  LOOKING FOR YOUR DREAM HOME IN THE CHARLOTTE AREA? 

 

 

FREE Fall 2019 Home Buyer Guide: “Things To Consider When Buying A Home,”

 

 

 

 WONDERING WHAT YOUR CHARLOTTE AREA HOME IS WORTH IN TODAY'S MARKET? 

   

 

FREE  2019 Home Seller Guide: “Things To Consider When Selling Your House,”

 

 

THINKING OF SELLING YOUR HOME? CHECK OUT THE COLDWELL BANKER MARKETING ADVANTAGE

 

 

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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Rainmaker
3,390,054
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Nina - when inventory of properties for sale is limited, it's good for prospective buyers and sellers to understand the most up to date real estate information.   Your Charlotte report captures that information nicely. 

Oct 16, 2019 06:38 AM #3
Rainmaker
4,529,207
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

I was about to say something similar to what everyone else already said.  I would add that anyone considering buying or selling in Charlotte should contact you for great representation.  A

Oct 16, 2019 07:32 AM #4
Rainmaker
3,170,941
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lise Howe thanks, Lise. The hard part is setting up the template... once that's done updating monthly/quarterly is pretty easy.

Oct 16, 2019 08:49 AM #5
Rainmaker
3,170,941
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Barbara Todaro hi Barbara... the 2.1 months of inventory is for the entire Charlotte region which encompasses two states, multiple counties. Start drilling down to individual market areas and there's much less inventory than the overall figure od 2,1 months would suggest.

 

Oct 16, 2019 08:51 AM #6
Rainmaker
3,170,941
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Michael Jacobs thanks, Michael. At the end of the day, the whole idea behind these updates to to keep a consumer informed. I'm a believer in the fact that an informed consumer is an empowered consumer.

Oct 16, 2019 08:52 AM #7
Rainmaker
3,170,941
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel hi Alexandra... let's face it... anyone with a license and a lock box key can open doors... that's the easy part. Buyers and sellers often underestimate how important knowledge of the market is to a successful transaction.

Oct 16, 2019 08:54 AM #8
Rainmaker
1,965,469
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Nina Hollander - I am just wondering how much our nephew who is being married on Saturday has made on their home already.  Great market.

Oct 16, 2019 08:55 AM #9
Rainmaker
3,170,941
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Grant Schneider hi Grant... since I don't don't what your nephew purchased or when, I wouldn't dare speculate! 

Oct 16, 2019 08:59 AM #10
Rainmaker
795,278
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Like everywhere I know inventory is tight and prices are rising and days on market generally are falling.

Oct 16, 2019 09:49 AM #11
Rainmaker
1,637,860
Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, CNE, CRS, ePro, PSA

Thank you for keeping us posted and up to date. Best of luck!

Oct 16, 2019 10:45 AM #12
Rainmaker
3,170,941
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Nick Vandekar, 610-203-4543 hi NIck... we have DOM fluctuating from month to month, but a big chunk of that is due to new construction which really skews the numbers.

Oct 16, 2019 10:51 AM #13
Rainmaker
3,170,941
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Jeremy K. Frost hey there, Jeremy... great to "see" you and thanks for taking the time to pop by!

Oct 16, 2019 10:51 AM #14
Rainmaker
1,252,099
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Nina Hollander,

The Charlotte area is a very active market and continues to move ahead in a strong fashion. Nina is the one who can help you with your real estate needs. 

Oct 16, 2019 12:17 PM #15
Rainmaker
3,170,941
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sheri Sperry - MCNE® hi Sheri... I keep waiting for inventory to start increasing, but so far not much luck!

Oct 16, 2019 12:47 PM #16
Rainmaker
5,458,456
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much, Nina, for sharing your outstanding local market reports.

Oct 16, 2019 01:29 PM #17
Rainmaker
3,170,941
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley hi Roy... thanks for stopping by today... are you affected by that Noreaster they've been forecasting?

Oct 16, 2019 02:16 PM #18
Rainmaker
2,970,098
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Nina.

Only 39 days on market, that tells me all I need to know.  Have a great week, what's left of it

Oct 17, 2019 01:14 AM #19
Rainmaker
3,170,941
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

James Dray good morning to you, James... low DOM, dropping inventory, dropping affordability, rising home prices... what else does one need to know about the state of the market?

Oct 17, 2019 03:17 AM #20
Rainmaker
2,575,032
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

This is valuable real estate market data for home buyers and sellers in Charlotte, Nina.

Oct 18, 2019 06:58 PM #23
Rainmaker
3,170,941
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Myrl Jeffcoat good morning, Myrl. Thanks and here's wishing you a lovely weekend.

Oct 19, 2019 04:34 AM #24
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Rainmaker
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