Charlotte Real Estate Report: October 2019

Charlotte region remained a seller’s market in October 2019 with inventory remaining extremely tight, dropping 19.5% compared with October 2018. Despite lower inventory, the Charlotte market has shown resiliency and buyer demand for homes remained strong as interest rates dropped.

Charlotte Real Estate Report & Housing Market Snapshot: October 2019

 

Charlotte region was definitely a seller’s market in October 2019 with inventory remaining extremely tight, dropping 19.5% compared with October 2018. Despite lower inventory, the Charlotte market has shown resiliency and buyer demand for homes remained strong as interest rates dropped. It’s also worth keeping mind that while Charlotte overall is a seller’s market for homes priced under $300,000, there are price points where Charlotte is a buyer’s market — primarily for homes priced above $750,000.

Lack of inventory and small increases in new listings resulted in higher home list and sale prices year-over-year, and year-to-date. Average sale prices increased 9.7% and median sale prices increased 9.3%% year-over-year. Year-to-date average and median sale prices increased 5.5% and 7% respectively.

Closed sales increased 10.8%, while pending sales were up 25.9% year-over-year in October.

Homes continue to sell quickly with average days on market 40 days, down from 42 days on year ago.

The housing affordability index continued to decrease, as well ~ down 8.8% year-over-year and 7% year-to-date.

Months supply of homes remained very low at 2.1 months (down 25% year-over-year) and even lower for homes priced under $200,000.

Year-to-date trends are all also showing higher home sale prices, higher sales, and tight inventory.

 

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 Housing Market Performance: October 2019 Versus October 2018

Median Home Price Trends In Charlotte

Find Your Charlotte Dream Home

 

It’s easy to find your Charlotte area dream home at GreatHomesInCharlotte.com. 

And don’t miss out on the newest home listings in Charlotte. Sign up to receive email notification of homes as soon as they come on the market. You can customize your search to your specific needs and always be the first to know what’s coming on the market in the Charlotte area.

 

 FREE Fall 2019 Home Buyer Guide: “Things To Consider When Buying A Home”

 


 

What Is Your Charlotte Home Worth?

Wondering what your Charlotte region home is worth in today’s market? Find out by clicking on the picture below.  

If you’re thinking about selling your Charlotte area home, let’s get together and discuss the supply conditions in your Charlotte neighborhood and how we can assist you in gaining access to buyers who area ready, willing, and able to buy now.

 

 

Contact us if you’d like to receive our Neighborhood Analyzer Report on a monthly basis so you can keep track of home sales activity in your neighborhood.

We’re happy to provide this information with no obligation on your part.

FREE Fall 2019 Home Seller Guide: “Things To Consider When Selling Your House”


 


[brew-blog-toc]