Charlotte Region Homes Sold In 16 Days, On Average, In September 2021

By
Real Estate Agent with Coldwell Banker Realty

Latest news on the Greater Charlotte Region's real estate market in September 2021.

What you need to know and what it means for you... 

 

September 2021 saw the continuation of the strong housing market in the greater Charlotte region. Buyer demand continues to exceed pre-pandemic levels and to strain inventory.

 

Historically low interest rates and pent-up demand continue to fuel much of the buyer demand, as do the years of steady population growth in the Greater Charlotte area. While closed sales were down 2.3% in September, this is typical of this time of year as families settle back into fall school routines. But also, no doubt, with more available inventory, sales could well have been higher.

 

With Realtor.com recently ranking Charlotte third in the top 10 Metros for 2021, the Greater Charlotte market will most likely remain strong through the remainder of this year to due to razor-thin inventory and the high number of buyers in the market.

 

Housing inventory remained at critically low levels with new listings not keeping up with demand. With just 0.8 of a month of supply of homes, we continue to see some of the lowest levels of inventory on record in the Charlotte region. With inventory 37% lower than in September 2020, it's clear that demand has continued to increase relative to supply. This presents a unique opportunity for sellers who are ready to list, as new listings receive high visibility, spend less time on market and sell at premium prices.

 

Averaging 16 days on market, homes continued to sell nearly as fast as they were listed.  Days on market until sale were down 46.7% year-over-year. Multiple offers on homes are remain a factor in the Charlotte region real estate market. Both median and average home sale prices were up by double digits across the region year-over-year. The low levels of inventory will continue to impact home prices in the coming months. Moving forward in the the fall selling season, lack of adequate inventory to satisfy buyer demand is what could hold the market back in terms of sales momentum.

 

MARKET OVERVIEW FOR CHARLOTTE REGION: SEPTEMBER 2021

Charlotte Region Real Estate Report For September 2021

   

Charlotte Region Real Estate Snapshot: September 2021

  • Closed Sales: down 2.3% year-over-year; up 10.6% year-to-date.
  • Homes Sold: 5,108 in September 2021 versus 5,227 in September 2020.
  • Pending Sales: up 3.9% year-over-year; up 6.4% year-to-date.
  • New Listings: down 5.3% year-over-year (-209 homes); up 5.2% year-to-date.
  • Inventory of Homes: down 37.0% year-over-year.
  • Months Supply of Homes:  down 42.9% with just 0.8 months supply of homes compared with 1.4 months supply in September 2020.
  • Days on Market Until Sale: 16 days in September 2021 versus 30 days in September 2020. Year-to-date, days on market down 51.3%.
  • Average Sale Price: up 11.7% year-over-year to $388,917. Year-to-date, average sale price up 16.2% to $382,257.
  • Median Sale Price: up 15.9% year-over-year to $335,000. Year-to-date, median sale price up 15.3% to $320,000.
  • % of Original List Price Received: 101.0%, increasing 2.4% year-over-year. Year-to-date, 100.0% increasing 3.4%.

 

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

Curious About The Charlotte Region's Housing Market? Contact Nina Hollander.

We can help. 

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

There’s absolutely NO OBLIGATION. 

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MEDIAN HOME SALE PRICE TRENDS IN THE CHARLOTTE REGION

     

EXPERT FORECAST ON THE FALL 2021 HOUSING MARKET: VIDEO

 

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HOMEOWNERS HAVE TREMEDOUS EQUITY TODAY: VIDEO

  

 

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THINKING OF SELLING YOUR HOME? CHECK OUT THE COLDWELL BANKER MARKETING ADVANTAGE

 

SEARCH ALL CHARLOTTE AREA HOMES FOR SALE 

 

 

This Charlotte region housing market update for September 2021 is provided  by  Nina Hollander and Carolinas Realty Partners with Coldwell Banker Realty, your Charlotte region residential real estate experts serving greater Charlotte region home buyers and sellers for 20+ years.

If you're considering selling or purchasing a home in the Greater Charlotte region, I'd love an opportunity to earn your business, to exceed your expectations, and to show you why experience matters and how:

 "The Right Broker Makes All The Difference."

 

 

Read the full article at www.GreatHomesInCharlotte.com

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 (22)

Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Wayne Martin good morning, Wayne... it's still a very, very tight market in the Charlotte region. 

Oct 22, 2021 05:36 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, only 16 days, thinking that is about what we have.  But, then again, we do mirror each other, except prices.

Oct 22, 2021 05:37 AM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Oh my, days on the market went dramatically down in Charlotte.That's great news for sellers who are in this market!

Oct 22, 2021 06:01 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... when I think about two weeks on market, less than one month in inventory, month after month, I can only shake my head and wonder how much longer this goes on.

Oct 22, 2021 06:07 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 hi Sheila... that's why I have very serious conversations with my sellers before we list about their contingency plans for the next home if/when we sell quickly.

Oct 22, 2021 06:08 AM
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

NC must have a very progressive policy to draw business it's way Nina Hollander, Broker . It seems like I see something in the news every week about a large company moving it's headquarters to your area.

Oct 22, 2021 06:27 AM
Norma J. Elkins
Elite Realty Group - Morristown, TN
Realtor - Elkins Home Selling Team

16 days on the market is still crazy low.  Y'all sound like you are as desperate for listings in your area as we are.  We are though seeing a slight uptick in listing in the last few weeks which is a good thing for buyers for sure.  Have a wonderful weekend!

Oct 22, 2021 07:22 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

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

Have a great day and a very special weekend.

Oct 22, 2021 07:58 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

Your posts define the state of your market.  Your readers have great information for those wanting to buy and sell.  A

Oct 22, 2021 08:09 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Bob "RealMan" Timm hi Bob... Charlotte is a major "headquarters" city and also lots of international companies here with there US operations headquartered in the region.

Oct 22, 2021 08:29 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Norma J. Elkins hi Norma... we have neighborhoods where the average days on market are five days or less. I keep kidding that we need to measure hours on market, not days. New listings are so small they have an infinitesimal impact on the market as a whole.

Oct 22, 2021 08:31 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ron and Alexandra Seigel hi Alexandra... the "real" state of our market is what it's been for quite a while now... little inventory, low days on market, increasing prices.

Oct 22, 2021 08:32 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Roy Kelley thanks, Roy, as always for popping by. Wishing you a lovely weekend ahead.

Oct 22, 2021 08:33 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Nina - I am sure you are getting your share of these listings.  It still takes a talented professional to sell at the best price and advice the homeowners on how to get it.

Oct 22, 2021 09:14 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

That is a phenomenal headline for the Charlotte real estate market. Thank you for sharing and The data to back it up Nina 🙂

Oct 22, 2021 09:26 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Nina,  Always learn more about your area with all your information you supply to us here in the rain.  Thanks

 

Oct 22, 2021 10:03 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Grant Schneider hi Grant... I've really focused on listings this past year... much easier to sell than a buyer. Two more listings to come this year and then maybe I can take a breather come December.

Oct 22, 2021 10:20 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Paul S. Henderson, REALTOR®, CRS hi Paul... thank you. I've been trying to mix it up with the titles for the market reports to get people's attention.

Oct 22, 2021 10:21 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Will Hamm thanks, Will, for popping by today... wishing you a lovely weekend to come.

Oct 22, 2021 10:22 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 23, 2021 04:08 PM