Charlotte, North Carolina Region Real Estate Report:
January 2020
Charlotte region ended 2019 as a seller's market and the first month of 2020 kept that seller's market going with inventory remaining extremely tight, dropping 28.1% compared with January 2019.
Lack of inventory resulted in higher home list and sale prices year-over-year. Average sale prices increased 10.4% to $297,821 and median sale prices increased 10.4% year-over-year to $252,000.Closed sales increased 6.8%, while pending sales were up 26.7% year-over-year in January, starting the year on a high note.
Homes continue to sell quickly with average days on market 47 days, down 4 days from one year ago. Cumulative days on market were down 4 days to 56 year-over-year. The days from list to close dropped 8 days to 99 year-over-year.
The housing affordability index continued to decrease, as well ~ down 9.6% year-over-year.
Months supply of homes remained very low at 1.6 months (down 36% year-over-year from 2.5 months one year ago) and even lower for homes priced under $200,000.
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.
Charlotte Region Housing Market Highlights
January 2020 versus January 2019
MEDIAN HOME SALE PRICE TRENDS IN THE CHARLOTTE REGION
LOOKING FOR YOUR DREAM HOME IN THE CHARLOTTE AREA?
FREE Winter 2020 Home Buyer Guide: “Things To Consider When Buying A Home,”
WONDERING WHAT YOUR CHARLOTTE AREA HOME IS WORTH IN TODAY'S MARKET?
FREE Winter 2020 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."
Originally published at: https://www.greathomesincharlotte.com
Comments (14)Subscribe to CommentsComment