August 2020 saw a continued and solid strengthening in the housing market in the Charlotte region despite the ongoing pandemic and restrictions that have remained in place. Home prices continued to increase. Days on market, inventory, and months supply of homes were dramatically lower than in August 2019. See the August 2020 housing market updates for Mecklenburg, Union, Lancaster and York Counties.
July 2020 year-to-date saw a continued and solid strengthening in the luxury housing market in the Charlotte region versus the same time frame in 2019, despite the ongoing pandemic. Home showings were up, home prices were up, inventory was down, months supply of homes were down, while closed and pending sales were up as were sale prices.
Charlotte has been ranked #6 as a best large city in which to buy a home in 2020 by WalletHub. Charlotte is one of the USA’s fastest growing metro areas and the second largest city in the Southeast. Thinking about moving to Charlotte? Ask us for your free Charlotte Relocation Package. Find out what makes the Charlotte area such a great place to live and why some 100 people are moving to the region each day.
July 2020 saw a continued and solid strengthening in the housing market in the Charlotte region despite the ongoing pandemic. Home showings were up, home prices were up, inventory was down dramatically, closed and pending sales were up. See the July 2020 housing market updates for Mecklenburg, Union, Lancaster and York Counties.
Despite the pandemic and showing restrictions in much of the second quarter of 2020, Charlotte region remained a home seller’s market. Home prices increased, while inventory and days on market decreased. Only closed sales decreased during the second quarter, but were clearly making a comeback by June. By June, it was evident that home buyer demand far exceeded supply of homes for sale, both resale and new construction.
Fort Mill’s housing market (29715 and 29708 zip codes) continued to be impacted by the pandemic in June 2020, characterized by much lower inventory, fewer new listings, lower months supply of housing, and fewer closed and pending sales. With inventory so low, Fort Mill remained a home seller’s market.
June 2020 saw a solid strengthening in the housing market in the Charlotte region despite the ongoing pandemic. Home showings were up, home prices were up, inventory was down dramatically, pending sales were up. Housing market snapshots for Mecklenburg, Union, Lancaster and York Counties.
Charlotte region remained a seller’s market in 2019. Low inventory, fewer new listings, lower days on market all resulted in higher home sale prices and a lower affordability index. With a strong economy and low interest rates, demand for homes continues to outpace availability of homes for sale.
