Charlotte Real Estate April 2019

Charlotte Market Data Overall for April 2019

Charlotte Market Data Overall APRIL 2019

Overall data for the Charlotte real estate market from the Charlotte Monthly Indicators Report

NEW LISTINGS	PENDING SALES	CLOSED SALES	BEST SELLING PROPERTY TYPE
5,771	5,324	4,221	Single Family

AVERAGE LIST PRICE	AVERAGE SALES PRICE	MEDIAN SALES PRICE	% SELLING PRICE RECEIVED	AVG DAYS ON MARKET
$357,063	$304,996	$253,500	97.0%	47

April 2019 Overview

According to the Charlotte Regional Realtor Association Housing Supply overview, the number of homes for sale is beginning an upward trend. Sales are strong in the higher price points above $300,000 while the entry level market for first-time buyers remains very competitive due to limited inventory in price ranges at $250,000 and below. This is good news for Sellers overall, but particularly in the entry level price ranges where demand exceeds supply, thereby driving up pricing in those price points.

In Charlotte, over the last 12 months from April 2018 to March 2019, pending sales have increased 11% while closed sales have remained level with last year. New Listings are down approximately 1%. The strongest sales activity was in the Single Family home category in the $300,001 and above range with the largest gain at 9.4%.

The Median Sales Price of Charlotte area homes is up 4.8% to $240,000, continuing to indicate a strong Sellers market for homeowners. The condo/townhome segment saw the highest price increase at 8.9 percent to $195,894. The price range that sold the quickest was in the $150,001 to $200,000 range at 25 days. The slowest-selling price range was $300,001 and above range at 63 days.

Home inventory levels were down 8.7 percent overall. However, the property class that gained the most inventory was the Condo/Townhome segment which increase 10.2 percent. Still, it amounts to 2.3 months supply for Single-Family homes and 1.7 months supply for Condos/Townhomes. Note that a six-month supply of inventory represents a balanced market, so all classes of properties are lagging substantially from a healthy and balanced market. Great news for sellers; not so much for buyers unless they’re shopping in the $300,000+ range where inventory levels are better.

Recent Single Family Home Sales in Charlotte NC

View the most recent single family homes sold in Charlotte, NC in the last 1 day.

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Charlotte April 2019 Market Overview APRIL 2019

Key metrics from the Monthly Indicators for the Charlotte Region

KEY METRICS	April 1, 2019	April 1, 2018	Change
New Listings	5,771	5,824	- 0.9%
Pending Sales	5,324	4,794	+ 11.1%
Closed Sales	4,221	4,217	+ 0.1%
Days on Market Until Sale	47	44	+ 6.8%
Average List Price	$357,063	$336,516	+ 6.1%
Average Sales Price	$304,996	$292,297	+ 4.3%
Median Sales Price	$253,500	$240,000	+ 5.6%

Strongest Properties by TYPE in the Charlotte Region April 2019

Which property types sold the quickest key metrics from the Charlotte Housing Supply Overview

KEY METRICS	April 1, 2019	Change
Price Range with the Strongest Sales	$300,001 and above	+0.09%
Bedroom Count with Strongest Sales	3 Bedrooms or Less	+0.003%
Property Types With Strongest Sales	Single Family	+ 1.1%

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.

Charlotte Region 1st 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.

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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 APRIL 2019

BY PRICE RANGE	April 1, 2018	April 1, 2019	Change
$100,000 and Below	60	45	- 25.0%
$100,001 to $150,000	32	28	- 12.5%
$150,001 to $200,000	25	25	0.0%
$200,001 to $300,000	38	36	- 5.3%
$300,001 and Above	67	63	- 6.0%
ALL PRICE RANGES	46	43	- 6.5%

Days on Market Until Sale by Bedroom Count APRIL 2019

BY BEDROOM COUNT	APRIL 2018	APRIL 2019	CHANGE
2 Bedrooms or Less	42	35	- 16.7%
3 Bedrooms	37	35	- 5.4%
4 Bedrooms or More	58	55	- 5.2%
ALL BEDROOM COUNTS	46	43	- 6.5%

Days on Market Until Sale by Property Type APRIL 2019

BY PROPERTY TYPE	April 1, 2018	April 1, 2019	Change
Single Family	58	53	- 8.6%
Condos & Townhomes	37	38	+ 2.7%

New Homes for Sale in Charlotte NC

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Percent of Original List Price Received APRIL 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	April 1, 2018	April 1, 2019	Change
$100,000 and Below	91.6%	91.1%	- 0.5%
$100,001 to $150,000	97.9%	97.3%	- 0.6%
$150,001 to $200,000	98.3%	97.8%	- 0.5%
$200,000 to $300,000	97.6%	97.4%	- 0.2%
$300,000 and Above	96.6%	96.5%	- 0.1%
ALL PRICE RANGES	97.0%	96.7%	- 0.3%
BY BEDROOM COUNT
2 Bedrooms or Less	95.8%	95.8%	0.0%
3 Bedrooms	97.5%	97.2%	- 0.3%
4 Bedrooms or More	96.7%	96.4%	- 0.3%
ALL BEDROOM COUNTS	97.0%	96.7%	- 0.3%
BY PROPERTY TYPE
Single Family	96.7%	96.5%	- 0.2%
Condos & Townhomes	98.2%	98.0%	- 0.2%

Current as of May 5, 2019. All data from CarolinaMLS. Report provided by the Charlotte Regional REALTOR® Association. Report © 2019 ShowingTime.

Upcoming Open Houses in Charlotte NC

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