Charlotte Market Update - MARCH 2020

By
Real Estate Agent with www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 228209

Charlotte Market Update - MARCH 2020

Charlotte home sales continued to sizzle lat month, rising by 2.2% year-over-year with 4,688 homes sold. Sales rose by 3.6%, compared to the previous month.

 

Sellers across the city continued to flex their muscle with the average sales price ($304,569) and median sales price ($262,640) seeing gains of 9% and 11.9% year-over-year, respectively.

 

Pending contract activity was up 24.8% with 4,888 contracts written during the month of February, signifying significant buyer demand. 

 

Charlotte Market Update March 2020

 

Inventory will continue to pressure costs for the foreseeable future, falling 31.3% across the 16-county zone, leaving the area for sale with 6,757 homes and a 1.5 month supply of inventory.

 


 

 

Want more specific details on your market? Let's talk! Call or text me at (704) 491-3310 or email SavvyBroker@me.com.

 

© Debe Maxwell | The Maxwell House Group | RE/MAX Executive | CharlotteBroker@icloud.com | CHARLOTTE MARKET UPDATE – MARCH, 2020

 

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Real Estate Market Trends
Location:
North Carolina Mecklenburg County Charlotte
Groups:
North Carolina Real Estate
Charlotte North Carolina Area
Market Reports
Hyper-Local
2020 Market Reports
Tags:
charlotte market update
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Rainmaker
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Joseph Doohan
Joseph Doohan - Las Vegas, NV
I offer business strategy advice for realtors

Hey! Good weekend? Thanks for sharing this information on your local market, great information. I hope you have a great day ahead.

Mar 16, 2020 01:23 AM #1
Rainmaker
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Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Charlotte home buyers and sellers are likely to find your market report very valuable, Debe.

Mar 16, 2020 02:35 PM #2
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