Charlotte, North Carolina Region Real Estate Report:
November 2019
Charlotte, North Carolina region real estate report and housing market snapshot for November 2019. Charlotte region remained a seller’s market in November 2019 with inventory remaining extremely tight, dropping 22.6% compared with November 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 7.2% and median sale prices increased 8.1% year-over-year. Year-to-date average and median sale prices increased 5.6% and 7.1% respectively.
Closed sales increased 2%, while pending sales were up 20.3% year-over-year in November.
Homes continue to sell quickly with average days on market 42 days, down 2 days from one year ago. Cumulative days on market were down 2 days year-over-year and the days from list to close dropped by 3 days year-over-year.
The housing affordability index continued to decrease, as well ~ down 8% year-over-year and 8% year-to-date.
Months supply of homes remained very low at 1.9 months (down 29.6% year-over-year from 2.7 months one year ago) 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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Charlotte Housing Market Highlights:
November 2019 versus November 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.
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:
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First published on: https://greathomesincharlotte.com/housing-market-reports-updates/charlotte-real-estate-report-november-2019/
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