Charlotte Real Estate June 2019

Charlotte Market Data Overall for June 2019

Charlotte Market Data Overall JUNE 2019

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

NEW LISTINGS	PENDING SALES	CLOSED SALES	STRONGEST PROPERTY TYPE
5,819	5,361	4,767	Single Family

AVERAGE LIST PRICE	AVERAGE SALES PRICE	MEDIAN SALES PRICE	% SELLING PRICE RECEIVED	AVG DAYS ON MARKET
$335,807	$323,316	$267,250	97.2%	40

June 2019 Overview

In the Charlotte-metro market, the home inventory shortage continues as new listings were down 2.7% in June with 5,819 units available for sale. Overall, inventory shrank 14% to 9,407 units and the Supply of Homes for Sale was down 14.8% to 2.3 months of inventory on hand for single family homes and 1.8 months for Condos-Townhomes. Six months of available inventory is the measure of a balanced market between buyers and sellers. The entry-level price point of $200,000 and below continues to be the range with the most severe shortage of homes available.

This bodes very well for sellers who are considering putting their homes on the market which would be very much in demand from the larger pool of buyers. Sellers of homes in the entry-level price range of $250,000 and below is most in demand and can expect high demand. Sellers of higher-end homes in the best-selling range of $300,000+ can expect brisk activity as well.

Meanwhile, pending sales are up 16.3% to 5,361 units as Median Sales Prices rose 5.6% to $245,000 for the Charlotte area. The price range with the largest gain in sales was in the $300,000+ range which increased 11.0 percent.

The property class with the largest price gain was the Condo/Townhome segment with a 10.4% annual increase to $199,900. The fastest selling price range was the $150,000 to $200,000 range at 26 days and the slowest selling price range was the $300,000+ range at 62 days.

Recent Single Family Home Sales in Charlotte NC

View the most recent single family homes sold in Charlotte, NC in the last 3 days.

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Charlotte June 2019 Market Overview JUNE 2019

Key metrics from the Monthly Indicators for the Charlotte Region

KEY METRICS	JUNE 2018	JUNE 2019	CHANGE
New Listings	6,408	6,587	+ 2.8%
Pending Sales	4,797	5,627	+ 17.3%
Closed Sales	4,841	4,864	+ 0.5%
Days on Market Until Sale	39	41	+5.1%
Average List Price	$334,640	$343,468	+2.6%
Average Sales Price	$299,723	$309,859	+3.4%
Median Sales Price	$245,900	$259,900	+5.7%

Strongest Properties by TYPE in the Charlotte Region JUNE 2019

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

KEY METRICS	MAY 2019	CHANGE
Price Range with the Strongest Sales	$300,000 and above	+11%
Bedroom Count with Strongest Sales	3 Bedrooms	+ 1.1%
Property Types With Strongest Sales	Single Family	+ 1.6%

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.

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

Days on Market Until Sale by Price Range JUNE 2019

Obtained from Housing Supply Overview

BY PRICE RANGE	JUNE 2018	JUNE 2019	CHANGE
$100,000 and Below	55	46	- 16.4%
$100,001 to $150,000	31	28	-9.7%
$150,001 to $200,000	24	26	+8.3%
$200,001 to $300,000	37	38	+2.7%
$300,001 and Above	66	62	- 6.1%
ALL PRICE RANGES	44	43	- 2.3%

Days on Market Until Sale by Bedroom Count JUNE 2019

Obtained from Housing Supply Overview

BY BEDROOM COUNT	JUNE 2018	JUNE 2019	CHANGE
2 Bedrooms or Less	40	36	-10.0%
3 Bedrooms	35	36	+2.9%
4 Bedrooms or More	57	56	-1.8%
ALL BEDROOM COUNTS	44	43	-2.3%

Days on Market Until Sale by Property Type JUNE 2019

BY PROPERTY TYPE	JUNE 2018	JUNE 2019	CHANGE
Single Family	46	45	- 2.2%
Condos & Townhomes	31	34	+ 9.7%

New Homes for Sale in Charlotte NC

View the newest homes for sale in Charlotte, NC listed in the last 1 Day.

View ALL New Listings in Charlotte, NC

Percent of Original List Price Received JUNE 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	JUNE 2018	JUNE 2019	CHANGE
$100,000 and Below	91.7%	90.6%	- 1.2%
$100,001 to $150,000	98.0%	97.1%	- 0.9%
$150,001 to $200,000	98.3%	97.7%	- 0.6%
$200,000 to $300,000	97.6%	97.3%	- 0.3%
$300,000 and Above	96.7%	96.5%	- 0.2%
ALL PRICE RANGES	97.0%	96.7%	- 0.3%
BY BEDROOM COUNT
2 Bedrooms or Less	95.9%	95.6%	-0.3%
3 Bedrooms	97.6%	97.1%	- 0.5%
4 Bedrooms or More	96.7%	96.4%	- 0.3%
ALL BEDROOM COUNTS	97.0%	96.7%	- 0.3%
BY PROPERTY TYPE
Single Family	96.8%	96.4%	- 0.3%
Condos & Townhomes	98.2%	97.9%	- 0.3%

*ALL DATA on this page is current as of July 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.