Charlotte Real Estate August 2019
Charlotte Real Estate August 2019
| AVERAGE LIST PRICE | AVERAGE SALES PRICE | MEDIAN SALES PRICE | % SELLING PRICE RECEIVED | AVG DAYS ON MARKET |
|---|---|---|---|---|
| $329,260 | $310,691 | $257,850 | 96.9% | 38 |
| KEY METRICS | AUGUST 2018 | AUGUST 2019 | CHANGE |
|---|---|---|---|
| New Listings | 5,699 | 5,621 | - 1.4% |
| Pending Sales | 4,300 | 5,096 | + 18.5% |
| Closed Sales | 4,876 | 4,735 | - 2.9% |
| Days on Market Until Sale | 38 | 38 | 0.0% |
| Average List Price | $309,025 | $329,260 | + 6.5% |
| Average Sales Price | $294,534 | $310,691 | +5.5% |
| Median Sales Price | $245,000 | $257,850 | +5.2% |
August 2019 Overview
As the end of summer draws near, multiple factors are attempting to define the direction of the real estate market. The Federal Reserve lowered its benchmark rate which has had a positive effect on 30-year mortgage rates as they approach all-time lows last seen in 2016. However, the break on interest rates are unlikely to bring relief for first-time home buyers who continue to deal with the challenge of the lack of affordable inventory.
New Listings were down in the Charlotte region by 1.4 percent to 5,621. Pending Sales increased 18.5 percent to 5,096. Inventory shrank 17.5 percent to 9,412 units. Prices increased as the Median Sales Price was up 5.2 percent to $257,850. Meanwhile, months Supply of Homes for Sale was down 17.9 percent to 2.3 months.
Consumer confidence in housing was reported to be at historically high levels. Although the inventory of affordable homes remains stable and is at historically low levels, prices continue to push higher, affecting potential buyers across the nation.
Recent Single Family Home Sales in Charlotte NC
View the most recent single family homes sold in Charlotte, NC in the last 3 days.
| KEY METRICS | AUGUST 2019 | CHANGE |
|---|---|---|
| Price Range with the Strongest Sales | $300,000 and above | +12.1% |
| Bedroom Count with Strongest Sales | 3 Bedrooms | + 3.0% |
| Property Types With Strongest Sales | Single Family | + 3.4% |
| BY PRICE RANGE | AUGUST 2018 | AUGUST 2019 | CHANGE |
|---|---|---|---|
| $100,000 and Below | 52 | 45 | - 13.5% |
| $100,001 to $150,000 | 30 | 28 | - 6.7% |
| $150,001 to $200,000 | 23 | 26 | + 13.0% |
| $200,001 to $300,000 | 36 | 39 | +8.3% |
| $300,001 and Above | 64 | 62 | - 3.1% |
| ALL PRICE RANGES | 43 | 44 | +2.3% |
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 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.
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
| KEY METRICS | SEPTEMBER 2019 | CHANGE |
|---|---|---|
| Price Range with the Strongest Sales | $300,000 and above | +15.8% |
| Bedroom Count with Strongest Sales | 3 Bedrooms | + 6.1% |
| Property Types With Strongest Sales | Single Family | + 6.2% |
| BY PRICE RANGE | SEPTEMBER 2018 | SEPTEMBER 2019 | CHANGE |
|---|---|---|---|
| $100,000 and Below | 51 | 45 | - 11.8% |
| $100,001 to $150,000 | 30 | 28 | - 6.7% |
| $150,001 to $200,000 | 23 | 26 | + 13.0% |
| $200,001 to $300,000 | 36 | 39 | +8.3% |
| $300,001 and Above | 64 | 61 | - 4.7% |
| ALL PRICE RANGES | 43 | 44 | +2.3% |
| BY BEDROOM COUNT | SEPTEMBER 2018 | SEPTEMBER 2019 | CHANGE |
|---|---|---|---|
| 2 Bedrooms or Less | 37 | 36 | - 2.7% |
| 3 Bedrooms | 34 | 37 | +8.8% |
| 4 Bedrooms or More | 55 | 55 | 0.0% |
| ALL BEDROOM COUNTS | 43 | 44 | +2.3% |
New Homes for Sale in Charlotte NC
View the newest homes for sale in Charlotte, NC listed in the last 1 Day.
| BY PROPERTY TYPE | SEPTEMBER 2018 | SEPTEMBER 2019 | CHANGE |
|---|---|---|---|
| Single Family | 45 | 45 | 0.0% |
| Condos & Townhomes | 30 | 35 | + 16.7% |
*ALL DATA on this page is current as of September 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.
