What Happened In The Charlotte Region Housing Market: 3rd Quarter 2019

By
Real Estate Agent with Coldwell Banker Residential Brokerage

 

Charlotte, NC Region Housing Market Report: 

3rd Quarter 2019

 

Third Quarter 2019 Charlotte, North Carolina region's home sales continued the trends we've seen since 2015. Home buyers are still finding the housing market very competitive with higher home prices and a lack of properties to buy, especially in affordable homes priced under $300,000. Buyers looking for a bargain are still "hard pressed" to find one. 

Meantime, home sellers continue to sell their homes relatively quickly and for top dollar, when priced right for condition and location. The "story" of the third quarter 2019 might well be about the continued decreases in the supply of homes available for sale across the region with a resulting increases in home prices in  the region and minimal increases in closed sales.  It's worth pointing out that this "story" is now an "old" story, because that was also the story of 2016, 2017, and 2018. And with inventory at 2.2 months, Charlotte region remained a seller's market in the third quarter of 2019.

 

Charlotte Region Quarter 3, 2019 Housing Market Update 

 

 

In the third quarter of 2019, the Charlotte Region saw a:

  • 6.3% increase in average sale prices (to $307,566) year-over-year.
  • 8.3% increase in median sale price (to$260,000) year-over-year.
  • 19% decrease in inventory of homes for sale year-over-year.
  • 4.8% increase in closed sales year over year.
  • 23.2% decrease in the months supply of homes (2.2 months supply) year-over-year.
  • Days on market year-over-year were 38 (down 5 days versus the second quarter 2019).
  • 97.2% of original price received, indicating a small window of opportunity for buyers to negotiate on price.

 

 

 

SEARCH CHARLOTTE REGION HOMES FOR SALE

 

 

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FIND OUT WHAT YOUR CHARLOTTE REGION HOME MAY BE WORTH IN TODAY'S MARKET 

 

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Median Home Sale Price Trends For Charlotte Region

 

 

 

This quarterly Charlotte, NC region housing market Quarter 3, 2019 update is provided 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 Charlotte region home buyers and sellers for 20+ years.

 

If you're considering selling or purchasing a home in the Charlotte region, I'd love an opportunity to earn your business, 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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Market Reports
Buyer Information - What Buyers Need to Know in Today's Market
2019 Market Reports
Tags:
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Rainmaker
2,074,383
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Fort Worth, TX
Selling Homes Changing Lives

Hi Nina,

The City of Charlotte has so much to offer and you do too! Your consistency with market reports and keeping them current is always valuable to prospective buyers and sellers. 

All the best to you!

Nov 19, 2019 03:21 PM #1
Rainmaker
2,604,584
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

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

Nov 19, 2019 06:53 PM #2
Rainmaker
3,219,940
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Patricia Feager, MBA, CRS, GRI,MRP thanks, Patricia... in our business, at the end of the day, it really is all about consistency isn't it? And I believe that people notice consistency!

Nov 20, 2019 04:11 AM #3
Rainmaker
3,219,940
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Myrl Jeffcoat good morning, Myrl... our market trends are not exactly what national trends are and people need to know they can't just rely on headlines.

Nov 20, 2019 04:12 AM #4
Rainmaker
3,230,121
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

Smart Charlotte home buyers and sellers know who to call for their Real Estate goals...and that would be you Nina Hollander!

Nov 20, 2019 04:14 AM #5
Rainmaker
3,219,940
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 good morning, Sheila and Larry... I like smart. In fact, I've often said I just don't do stupid when it comes to clients. Not enough hours in the day and you really can't fix stupid. 

Nov 20, 2019 04:31 AM #6
Rainmaker
1,275,191
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Nina Hollander,

If a client wants good, solid information about the Charlotte area, they know where to go and who will help them with their real estate needs... Nina Hollander!

Nov 20, 2019 04:36 AM #7
Rainmaker
3,373,187
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Nina. Thinventory is your area has become a thinventory epidemic. The cure for buyers is to contact Dr. Nina. She knows where the homes are! Enjoy your day! 

Nov 20, 2019 05:56 AM #8
Rainmaker
3,219,940
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sheri Sperry - MCNE® thanks, Sheri... I try hard to stay on top of my market and to make sure my clients do, as well.

Nov 20, 2019 06:21 AM #9
Rainmaker
3,219,940
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Wayne Martin good morning, Wayne... I'm constantly amazed at the continual decrease in our inventory. It's been happening for years now.

Nov 20, 2019 06:22 AM #10
Rainmaker
2,654,278
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

It sounds like all is well in Charlotte and a competitive market is usually a good market to be in.

Nov 20, 2019 07:10 AM #11
Rainmaker
3,219,940
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Brian England hi Brian... I think lack of inventory is slowing down closed sales in the Charlotte region and frustrating many hopeful buyers.

Nov 20, 2019 07:30 AM #12
Ambassador
4,075,333
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Hi Nina:

You certainly know your stuff when it comes to the Charlotte area housing market which presents some challenges to interested buyers. Enlisting your assistance for a purchase would be a wise move!

Jeff

Nov 22, 2019 02:57 PM #13
Rainmaker
3,219,940
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Jeff Dowler, CRS thanks, Jeff. As I often say "anyone with a license can be a door opener." It's really knowing and understanding the market that adds value.

Nov 22, 2019 03:19 PM #14
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Rainmaker
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