Charlotte Region Real Estate Report: July 2019

Charlotte Region Housing Market Snapshot July 2019

Charlotte, NC region real estate report and housing market snapshot for July 2019. Charlotte region remained a seller’s market in July 2019 with inventory remaining extremely tight, dropping 15.3% compared July 2018. Lack of inventory and new listings resulted in higher home list and sale prices year-over-year, year-to-date, and month-over-month. Closed sales were down slightly, but pending sales were up 15.9% year-over-year. The housing affordability index continued to decrease, as well. Months supply of homes remained very low at 2.3 months (down 14.8% 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.