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.
$337,500
Closed
6001 Elm Cove Lane Charlotte, North Carolina
3 Beds 3 Baths 2,119 SqFt 0.200 Acres
$250,000
Closed
7218 Kavan Hunter Drive Charlotte, North Carolina
3 Beds 2 Baths 1,360 SqFt 0.190 Acres
$294,000
Closed
1016 Belmont Avenue Charlotte, North Carolina
3 Beds 2 Baths 1,030 SqFt 0.150 Acres
$297,400
Closed
1124 Chalk Hill Lane Charlotte, North Carolina
3 Beds 3 Baths 2,312 SqFt 0.242 Acres
Learn the TRUE Market value of your Home Now!
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.
$337,500
Closed
6001 Elm Cove Lane Charlotte, North Carolina
3 Beds 3 Baths 2,119 SqFt 0.200 Acres
$294,000
Closed
1016 Belmont Avenue Charlotte, North Carolina
3 Beds 2 Baths 1,030 SqFt 0.150 Acres
$870,000
Closed
2114 Sarah Marks Avenue Charlotte, North Carolina
4 Beds 3 Baths 2,049 SqFt 0.144 Acres
$575,000
Closed
7110 Benita Drive Charlotte, North Carolina
4 Beds 3 Baths 3,376 SqFt 0.850 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 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.
$195,000
Active
109 N Ramsey Street Charlotte, North Carolina
3 Beds 2 Baths 1,216 SqFt 0.250 Acres
$350,000
Active
2515 Richard Rozzelle Drive Charlotte, North Carolina
3 Beds 3 Baths 1,804 SqFt 0.110 Acres
$379,000
Active
14326 Riding Hill Avenue Charlotte, North Carolina
4 Beds 3 Baths 2,132 SqFt 0.220 Acres
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.
$585,000
Active
2541 Barry Street Charlotte, North Carolina
3 Beds 3 Baths 0.130 Acres
$850,000
Active
1540 Ideal Way Charlotte, North Carolina
3 Beds 2 Baths 1,964 SqFt 0.170 Acres
$350,000
Active
5412 Kiev Drive Charlotte, North Carolina
3 Beds 3 Baths 2,700 SqFt 0.180 Acres
$589,000
Active
2915 Polo Ridge Court Charlotte, North Carolina
5 Beds 3 Baths 3,022 SqFt 0.270 Acres
