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.
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.
June 2019 Charlotte region housing update + video. Charlotte region remained a seller’s market in June 2019 with inventory remaining extremely tight and dropping 14% compared with the same time period one year ago. 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, but pending sales were up 16.3% year-over-year. The housing affordability index continued to decrease, as well. Months supply of homes remained very low at 2.3 months and even lower for homes priced under $200,000. Year-to-date trends are all also showing increased prices, higher sales, and tight inventory.
May 2019 Charlotte region housing update + video. Charlotte region remained a seller’s market in May 2019 with inventory remaining extremely tight and lower than one year ago, resulting in higher home list and sale prices due to continued high buyer demand. Closed sales were up slightly, but pending sales were up 17.3% year-over-year. The housing affordability index continued to decrease, as well. Months supply of homes remained very low at 2.3 months and even lower for homes priced under $200,000. Year-to-date trends are all also showing increased prices, higher sales, and tight inventory.
April 2019 Charlotte region housing update + video. Charlotte region remained a seller’s market in April 2019 with inventory remaining extremely tight and lower than one year ago, resulting in higher home list and sale prices due to continued high buyer demand. Closed sales were up slightly, but pending sales were up 11.1% year-over-year. The housing affordability index continued to decrease, as well. Months supply of homes remained very low at 2.2 months and even lower for homes priced under $200,000.
March 2019 Charlotte region housing update. Charlotte region remained a seller’s market in March 2019 with inventory remaining extremely tight, resulting in higher home list and sale prices due to continued high buyer demand. Closed sales were down, but pending sales were up 12.4% year-over-year. The housing affordability index continued to decrease, as well. Months supply of homes remained very low at 2.2 months and even lower for homes priced under $200,000. Average sale prices have increased each month this year to-date.
February 2019 Charlotte region housing update. Charlotte region remained a seller’s market in February 2019 with inventory remaining tight, resulting in higher home list and sale prices due to continued high buyer demand. Closed sales were down slightly, but pending sales up 12.4%. Days on market were also down as compared with one year ago. The housing affordability index continues to decrease, as well. Months supply of homes is very low at 2.1 months, but even lower for homes priced under $200,000.
January 2019 Charlotte region housing update. Charlotte region remained a seller’s market in January 2019 with inventory remaining tight, resulting in higher home list and sale prices due to continued high buyer demand, although the price increases are not quite as high as in previous months and last year. Closed sales were down, but pending sales up. Days on market were also down. The housing affordability index continues to decrease, as well.
Charlotte region remained a seller’s market in 2018. Low inventory, higher home prices, lower days on market all also led to lower pending and closed sales.
December 2018 Charlotte region housing update. Charlotte region remained a seller’s market in December 2018 with inventory remaining tight, resulting in higher home list and sale prices due to continued high buyer demand, although the price increases are not quite as high as in previous months and last year.
