Are you planning on buying a home in 2019? Do you know the first step you need to take to show homeowners that you are serious about buying is that of getting pre-approved for a mortgage before you do anything else? Getting pre-approved is one of the very first critical steps that will show home sellers you are serious about buying and capable to do so. And it often helps speed up the process once your offer has been accepted. Besides, understanding your budget up-front will give you the confidence of knowing whether or not your dream home is within your reach.
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.
Are you tired of renting? Is 2019 finally the year you’ll stop renting, buy your Charlotte area home and stop paying your landlord’s mortgage instead of your own? Is it time to consider how much less expensive it might be to buy versus renting when you see how much of your income goes to rent versus how much goes to paying a mortgage? Will your income go up as quickly as rents might increase? Will it cost you more to buy if you wait another year?
Indian Land, SC housing market (29707 zip code) update for January 2019. The Indian Land housing market remains a seller’s market with just 2.9 months supply of inventory despite a 5.7% increase in new listings. Although the average sale price of Indian Land homes dropped in January 2019 it shouldn’t be assumed Indian Land homes are losing value. It had more to do with the price mix of homes sold. New construction homes sold at about $10,000 more on average than in the previous month of December 2018. Days on market were also lower in January 2019 compared with January 2018.
Indian Trail Housing Market Update/Video January 2019. Indian Trail, NC (28079 zip code) area includes the towns of Stallings, Hemby Bridge, and Lake Park in Union County. Home prices increased lightly in January compared with the same month one year ago. Despite an increase in new listings and inventory, the months supply of homes remained low at 2.2 month keeping Indian Trail a seller’s market. Closed sales increase in January 2018 and days on market dropped.
Matthews Housing Market Update/Video for January 2019. January home sales in Matthews, North Carolina saw continued, significant home sale prices increases compared with the same month one year ago. Market inventory remained tight despite a slight increase and the months supply of homes at 2 months indicated a continuing seller’s market. Closed sales were down, but pending sales, as well as new listings, were both up. Lack of affordable inventory can be considered a contributing factor for the drop in closed sales despite a large increase in new listings.
Waxhaw Housing Market Update for January 2019. Home sales in the Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) saw a change in the trends of 2018 with both home prices and price per square foot decreasing in January 2019, while new listings increased by 50.8% after decreasing by double digits in December 201 . Nonetheless, housing Inventory remains low, especially in affordable homes. With pending sales increasing by 21.6% in January 2019, it remains to be seen if this is the start of a new trend or a “winter respite.”
Ballantyne Housing Market Update/Video: January 2019. January home sales in the Ballantyne (28277 zip code) area of Charlotte, North Carolina saw a second month of a shift from trends we had been seeing throughout most of 2018. Sales prices were down, days on market were up, inventory was up, closed sales were down. It remains to be seen if this is the beginning of a market shift or simply a winter slowdown.
Mecklenburg County homeowners face higher taxes in 2019. No doubt you’ve heard the buzz about the 2019 Real Estate Property Tax Revaluation that has just been completed. With the median increase in all property values (residential and commercial) estimated at 54%, it’s fair to assume that property tax values in the Charlotte area are going up–WAY up! If you own property in Charlotte, Pineville, Matthews, Mint Hill, Davidson, Huntersville, Cornelius more than likely you’ll be affected with higher property values and an increase in property tax.