What Happened In Charlotte Region's Housing Market In Quarter 4, 2019?

By
Real Estate Agent with Coldwell Banker Residential Brokerage
https://activerain.com/droplet/5lV9

 

Charlotte, NC Region Housing Market Report: 

4th Quarter 2019

 

Latest news on the Charlotte region real estate market and what it means for you...

 

Fourth 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. There is no indication that this lack of inventory will change any time soon.

 

Meantime, home sellers continue to sell their homes quickly and for top dollar, when priced right for condition and location. The "story" of the fourth 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. 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 1.7 months, Charlotte region remained a seller's market in the fourth quarter of 2019.

 

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

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

 

 

Charlotte Region Housing Market Highlights

Quarter 4, 2019 vs Quarter 4, 2018

 

Charlotte Region Real Estate Report: Quarter 4, 2019

 

 

 

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

  • 8.9% increase in average sale prices (to $306,996) year -over-year.
  • 9.8% increase in median sale price (to $258,000) year-over-year.
  • 23.9% decrease in inventory of homes for sale year-over-year.
  • 13.2% increase in closed sales year over year.
  • 30.1% decrease in the months supply of homes (1.7 months supply) year-over-year.
  • Days on market year-over-year were 42 (down 30.1% year-over-year).
  • 96.4% of original price received (up 0.4% year-over-year), indicating a small window of opportunity for buyers to negotiate on price.

 

 

 

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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 4, 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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Rainmaker
3,506,215
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Nina - news about low inventory of homes available for sale continues in the fourth quarter of 2019 for the Charlotte area.  Subtle changes matter in real estate and you show that remains true in your local market.  

Jan 10, 2020 03:21 PM #1
Rainmaker
2,650,925
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

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

Jan 10, 2020 07:01 PM #2
Rainmaker
3,062,765
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Nina.

Looking at the inventory, I bet it is a good time for the sellers.

Jan 11, 2020 01:24 AM #3
Rainmaker
3,440,029
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Nina. When the channel gets narrow, an experienced navigator is priceless. Buyers and sellers alike should engage you! Enjoy your day!

Jan 11, 2020 04:48 AM #4
Rainmaker
3,313,752
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Michael Jacobs good morning, Michael. It seems no matter how much research I do, I see no relief in sight for the lack of inventory in our market.

Jan 11, 2020 05:03 AM #5
Rainmaker
3,313,752
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Myrl Jeffcoat good morning, Myrl... thanks for taking time to stop by... wishing you a lovely Saturday.

Jan 11, 2020 05:03 AM #6
Rainmaker
3,313,752
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

James Dray good morning, James... it is a great time for sellers in our market... but way too many are not making a move.

Jan 11, 2020 05:04 AM #7
Rainmaker
3,313,752
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Wayne Martin good morning, Wayne... what a great analogy! Thanks for stopping by... wishing you a great Saturday.

Jan 11, 2020 05:04 AM #8
Rainmaker
3,098,382
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I do love your graphics Nina Hollander .  Flying in and out of Charlotte Thursday always amazes me to see all the new homes being built from the view in the air.  

Jan 11, 2020 05:47 AM #9
Rainmaker
3,313,752
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Scott Godzyk hi Scott... you noticed that, did you? Hard not to notice! One of these days it would be great if you took a real stopover in Charlotte so we could have lunch.

Jan 11, 2020 05:49 AM #10
Rainmaker
3,268,631
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

Anyone considering to buy or sell Real Estate in the Charlotte Region will benefit from working with Nina Hollander!

Jan 11, 2020 06:54 AM #11
Rainmaker
2,739,986
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

This is definitely where I get all of my news about Charlotte from and I am sure that many others do the same.

Jan 11, 2020 07:48 AM #12
Ambassador
3,155,263
Paul S. Henderson, REALTOR®, CRS
Tacoma, WA
South Puget Sound Washington Agent/Broker!

Those are some impressive numbers; less the inventory numbers...

Have a super Saturday Nina Hollander!

Jan 11, 2020 08:20 AM #13
Rainmaker
5,616,212
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will certainly appreciate your local real estate reports.

Jan 11, 2020 08:58 AM #14
Rainmaker
3,313,752
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 thanks, Sheila and Larry... of course I like to think so too, but it's much better when someone else says it! 

Jan 11, 2020 11:29 AM #15
Rainmaker
3,313,752
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Brian England hi Brian...by now your knowledge of the Charlotte metro area must be considerable!

Jan 11, 2020 11:29 AM #16
Rainmaker
3,313,752
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Paul S. Henderson, REALTOR®, CRS Hi Paul... those inventory numbers (or lack thereof) are "killing" us.

Jan 11, 2020 11:30 AM #17
Rainmaker
3,313,752
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley thanks, Roy, for popping by. Trust you're having a good Saturday. It's over 70 degrees in Charlotte... can't remember the last time I needed to run my AC in January.

Jan 11, 2020 11:31 AM #18
Rainmaker
5,616,212
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good Sunday afternoon, Nina. We are also having mild weather in Maryland.

Have an outstanding week.

Jan 12, 2020 09:58 AM #19
Rainmaker
3,313,752
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley so far, Roy, an unbelievable January in terms of weather... 70 degrees here and sunny!

Jan 12, 2020 10:39 AM #20
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