Charlotte Market Data Overall OCTOBER 2019
Overall data for the Charlotte real estate market from the Charlotte Monthly Indicators Report| NEW LISTINGS | PENDING SALES | CLOSED SALES | STRONGEST PROPERTY TYPE |
|---|---|---|---|
| 5,122 | 4,675 | 4,284 | Single Family |
| AVERAGE LIST PRICE | AVERAGE SALES PRICE | MEDIAN SALES PRICE | % SELLING PRICE RECEIVED | AVG DAYS ON MARKET |
|---|---|---|---|---|
| $330,490 | $305,890 | $253,000 | 96.5% | 40 |
October 2019 Overview
Mortgage rates increased slightly in October from the three-year lows in September. Even with the uptick in rates, they are still approximately 1% lower than this time a year ago. Fannie Mae is predicting continued low rates, and even possibly lower rates in 2020.
New Listings were up in the Charlotte region by 5.9 percent to 5,122. Pending Sales increased 25.9 percent to 4,675. Inventory shrank 19.5 percent to 9,094 units. Median Home Sales Prices were up 9.3% to $253,000. Months Supply of Homes for Sale was down 25% to 2.1 months in October. As we expect slower seasonal sales through year-end, we expect that historically low mortgage rates will continue to buoy buyer demand and a continued increase in home prices.
The persistent low inventory of housing also continues to place a burden on sales activity from where it would potentially be in a balanced housing market.
Recent Single Family Home Sales in Charlotte NC
View the most recent single family homes sold in Charlotte, NC in the last 3 days.
$450,000
Closed
13015 Rothe House Road Charlotte, North Carolina
4 Beds 3 Baths 2,522 SqFt 0.16 Acres
$530,000
Closed
1917 Marguerite Avenue Charlotte, North Carolina
3 Beds 1 Baths 1,570 SqFt 0.21 Acres
$417,500
Closed
415 French Street Charlotte, North Carolina
4 Beds 2 Baths 1,339 SqFt 0.13 Acres
$206,750
Closed
2308 English Drive Charlotte, North Carolina
3 Beds 1 Baths 950 SqFt 0.18 Acres
Learn the TRUE Market value of your Home Now!
Charlotte August 2019 Market Overview OCTOBER 2019
Key metrics from the Monthly Indicators for the Charlotte Region| KEY METRICS | OCTOBER 2018 | OCTOBER 2019 | CHANGE |
|---|---|---|---|
| New Listings | 4,835 | 5,122 | +5.9% |
| Pending Sales | 3,712 | 4,675 | + 25.9% |
| Closed Sales | 3,865 | 4,284 | + 10.8% |
| Days on Market Until Sale | 42 | 40 | - 4.8% |
| Average List Price | $308,457 | $330,490 | + 7.1% |
| Average Sales Price | $278,811 | $305,890 | + 9.7% |
| Median Sales Price | $231,500 | $253,000 | + 9.3% |
Strongest Properties by TYPE in the Charlotte Region OCTOBER 2019
Which property types sold the quickest key metrics from the Charlotte Housing Supply Overview| KEY METRICS | OCTOBER 2019 | CHANGE |
|---|---|---|
| Price Range with the Strongest Sales | $300,000 and above | +18.1% |
| Bedroom Count with Strongest Sales | 3 Bedrooms | + 7.7% |
| Property Types With Strongest Sales | Single Family | + 7.6% |
Strongest Home Sales in Charlotte NC
View the most recent single family homes over $300,000 sold in Charlotte, NC in the last 10 days.
$450,000
Closed
13015 Rothe House Road Charlotte, North Carolina
4 Beds 3 Baths 2,522 SqFt 0.16 Acres
$530,000
Closed
1917 Marguerite Avenue Charlotte, North Carolina
3 Beds 1 Baths 1,570 SqFt 0.21 Acres
$417,500
Closed
415 French Street Charlotte, North Carolina
4 Beds 2 Baths 1,339 SqFt 0.13 Acres
$1,000,000
Closed
1209 Cedar Lane Charlotte, North Carolina
3 Beds 2 Baths 2,180 SqFt 0.53 Acres
Charlotte Region 2nd Quarter Market Data
The Charlotte Region Marketwatch report data includes information from the Charlotte Region (Alexander, Anson, Cabarrus, Catawba, Cleveland, Gaston, Iredell, Lincoln, Mecklenburg, Rowan, Stanly and Union counties) and South Carolina Region (Chester, Chesterfield, Lancaster and York counties) for both single family & condos and townhomes combined. Figures are calculated using rounded figures and are refreshed regularly.
Recent Condo & Townhome Sales in Charlotte NC
View the most recent condos & townhomes that have sold in Charlotte, NC over the last 10 days.
No properties found
Days on Market Until Sale
Average number of days between when a property is first listed and when an offer is accepted from the Charlotte Region Housing Supply Overview
Days on Market Until Sale by Price Range OCTOBER 2019
Obtained from Housing Supply Overview| BY PRICE RANGE | OCTOBER 2018 | OCTOBER 2019 | CHANGE |
|---|---|---|---|
| $100,000 and Below | 49 | 45 | - 8.2% |
| $100,001 to $150,000 | 30 | 28 | - 6.7% |
| $150,001 to $200,000 | 23 | 26 | + 13.0% |
| $200,001 to $300,000 | 36 | 38 | +5.6% |
| $300,001 and Above | 64 | 61 | - 4.7% |
| ALL PRICE RANGES | 43 | 44 | +2.3% |
Days on Market Until Sale by Bedroom Count OCTOBER 2019
Obtained from Housing Supply Overview| BY BEDROOM COUNT | OCTOBER 2018 | OCTOBER 2019 | CHANGE |
|---|---|---|---|
| 2 Bedrooms or Less | 36 | 35 | - 2.8% |
| 3 Bedrooms | 34 | 37 | + 8.8% |
| 4 Bedrooms or More | 56 | 55 | - 1.8% |
| ALL BEDROOM COUNTS | 43 | 44 | +2.3% |
Days on Market Until Sale by Property Type OCTOBER 2019
Obtained from Housing Supply Overview| BY PROPERTY TYPE | OCTOBER 2018 | OCTOBER 2019 | CHANGE |
|---|---|---|---|
| Single Family | 45 | 45 | 0.0% |
| Condos & Townhomes | 30 | 35 | + 16.7% |
New Homes for Sale in Charlotte NC
View the newest homes for sale in Charlotte, NC listed in the last 1 Day.
$495,000
Active
6719 Woodshed Circle Charlotte, North Carolina
3 Beds 2 Baths 1,543 SqFt 0.35 Acres
$399,990
Active
3936 Cheyney Park Drive Charlotte, North Carolina
3 Beds 3 Baths 1,742 SqFt 0.066 Acres
$379,990
Active
2027 Vinyasa Lane STS-40 Charlotte, North Carolina
3 Beds 3 Baths 1,787 SqFt 0.066 Acres
$349,990
Active
3844 Cheyney Park Drive Charlotte, North Carolina
3 Beds 3 Baths 1,515 SqFt 0.047 Acres
View ALL New Listings in Charlotte, NC
Percent of Original List Price Received OCTOBER 2019
Percentage found when dividing a property’s sales price by its original list price, then taking the average for all properties sold, not accounting for seller concessions from the Charlotte Region Housing Supply Overview| BY PRICE RANGE | OCTOBER 2018 | OCTOBER 2019 | CHANGE |
|---|---|---|---|
| $100,000 and Below | 91.8% | 90.4% | - 1.5% |
| $100,001 to $150,000 | 97.7% | 97.1% | - 0.6% |
| $150,001 to $200,000 | 98.1% | 96.6% | - 0.5% |
| $200,000 to $300,000 | 97.6% | 97.2% | - 0.4% |
| $300,000 and Above | 96.6% | 96.6% | 0.0% |
| ALL PRICE RANGES | 97.0% | 96.7% | - 0.3% |
| BY BEDROOM COUNT | |||
| 2 Bedrooms or Less | 96.0% | 95.7% | -0.3% |
| 3 Bedrooms | 97.5% | 97.1% | - 0.4% |
| 4 Bedrooms or More | 96.6% | 96.5% | - 0.1% |
| ALL BEDROOM COUNTS | 97.0% | 96.7% | - 0.3% |
| BY PROPERTY TYPE | |||
| Single Family | 96.7% | 96.5% | - 0.2% |
| Condos & Townhomes | 98.2% | 97.9% | - 0.3% |
*ALL DATA on this page is current as of November 5, 2019. All data from CarolinaMLS, Inc. Report provided by the Charlotte Regional Realtor® Association. Report © 2019 ShowingTime.
Upcoming Open Houses in Charlotte NC
View the upcoming open houses in Charlotte, NC in the next week.
No properties found
