Charlotte Region's Home Prices Up, Inventory Down In Quarter 3 - 2021

By
Real Estate Agent with Coldwell Banker Realty

 

CHARLOTTE, NC REGION HOUSING MARKET UPDATE

QUARTER 3 - 2021

 

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

 

Third Quarter 2021 Charlotte, North Carolina region's home sales continued the trends we've seen since 2015. Home buyers continued to find the housing market very competitive with higher home prices and an extreme lack of properties to buy, especially in affordable homes priced under $300,000. Buyers looking for a bargain remained "hard pressed" to find one. Homes continue to sell almost as fast as they were listed and sold in about two weeks, on average.

 

Home sellers continued to sell their homes quickly and for top dollar, when priced right for condition and location. The "story" of the Third Quarter 2021 might well be about the continuing decreases in the supply of homes available for sale across the region with resulting increases in home prices in  the region. It's worth pointing out that this "story" is now an "old," 6-year story, because that was also the story of 2016, 2017, 2018, 2019, 2020 and now 2021. With inventory at 0.8 months of supply, Charlotte region remained a home seller's market in the Third Quarter of 2021.

 

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

Curious About Charlotte Region's Real Estate Market? Ask Nina Hollander.

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Call us today at 704-779-0813 or contact us here.

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Charlotte Region Housing Market Highlights: 1-Year Change

Charlotte Region Real Estate Report: Quarter 3-2021

 

In the Third Quarter of 2021, the Charlotte Region saw a:

  •  13.1% increase in average sale prices (to $393.256) year-over-year.

  • 15.5% increase in median sale price (to $333,000) year-over-year.

  • 37.0% decrease in inventory of homes for sale year-over-year.

  • 0.6% decrease in closed sales year-over-year.

  • 42.2% decrease in the months supply of homes (0.8 months supply) year-over-year.

  • Days on market year-over-year were 15 (down 42.2% year-over-year).

  •  101.4% of original price received (up 3.1% year-over-year).

 

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Median Home Sale Price Trends For Charlotte Region

 

 

This quarterly Charlotte, NC region housing market update for Quarter 3, 2021 is provided by Nina Hollander and Carolinas Realty Partners with Coldwell Banker Realty, 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 why experience matters and how:

 "The Right Broker Makes All The Difference."

 

Great Homes In Charlotte

 

 

Posted by

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From The Greater Charlotte Area
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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.

 

Comments (32)

Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Happy Sunday Nina,  I am always amaze when someone tells me they want to buy a house for under $300,000.  They need to buy 6 years ago.

 

Oct 17, 2021 08:57 AM
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Nina- no matter the market, if I were a seller or buyer, I'd want to work with a seasoned professional such as yourself. 

Oct 17, 2021 10:21 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Nina Hollander, Broker - I agree with Kathy Streib.  Nothing is better for a buyer or seller than to work with an experienced professional and someone who has their best interests at heart.  You fit that bill! Happy Sunday!

Oct 17, 2021 10:43 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

I like Kathy Streib 's comment and I concur.  Wishing you a wonderful rest of the day, and a great week ahead. A

Oct 17, 2021 10:44 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nina this is the law of supply and demand at work.  Lack of goods results in higher prices.

Oct 17, 2021 11:10 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Roy Kelley thank you, Roy... another busy week ahead of me that will fly by in a blink of an eye, I suspect.

Oct 17, 2021 12:27 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Bill Salvatore - YVP Blog hi Bill... that's exactly it... supply versus demand... not a bubble as some are trying to convince us.

Oct 17, 2021 12:28 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Will Hamm hi Will... we do have homes for sale under $300,000... but it won't buy you a ton.

Oct 17, 2021 12:29 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kathy Streib thanks so much, Kathy, for that lovely comment. I appreciate it more than you know.

Oct 17, 2021 12:29 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Sheri Sperry - MCNE® thank you, Sheri. As I often say to clients "any idiot with a lockbox key can open a door" and that my real value to them lies in my knowledge of the market and my 28+ years of experience, not in opening doors.

Oct 17, 2021 12:31 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ron and Alexandra Seigel thanks, Alexandra... much as I appreciated Kathy's comment, I appreciate your support of it!

Oct 17, 2021 12:32 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

George Souto hi George... we are seeing supply and demand at work in all facets of our lives these days... and not just in real estate.

Oct 17, 2021 12:32 PM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Those numbers have held true for several months now and I think they are still very impressive in today's market place Nina...

Oct 17, 2021 03:23 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Nina another great market snap shot of your Real Estate Activity, clearly your market is like ours was three months ago, Endre

Oct 17, 2021 04:16 PM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Hello Nina Hollander, Broker  what a beautiful market report as always 

Oct 17, 2021 08:03 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Paul S. Henderson, REALTOR®, CRS hi Paul... those numbers have been holding true all year and then some!

Oct 18, 2021 04:21 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Endre Barath, Jr. thanks, Endre... while sales have slowed down a bit due to lack of inventory, home prices keep rising (due to lack of inventory).

Oct 18, 2021 04:22 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hannah Williams thank you, Hannah, for the lovely comment and for popping by. Happy Monday... wishing you a wonderful week to come.

Oct 18, 2021 04:22 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Charlotte home buyers and sellers are sure to value your real estate market report, Nina.

Oct 20, 2021 01:44 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat hi Myrl... happy Wednesay... thank you as always for stopping by and taking time to leave me a comment.

Oct 20, 2021 05:52 AM