Charlotte Real Estate May 2019

Charlotte Market Data Overall for May 2019

Charlotte Market Data Overall MAY 2019

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

NEW LISTINGS	PENDING SALES	CLOSED SALES	STRONGEST PROPERTY TYPE
6,587	5,627	4,864	Single Family

AVERAGE LIST PRICE	AVERAGE SALES PRICE	MEDIAN SALES PRICE	% SELLING PRICE RECEIVED	AVG DAYS ON MARKET
$343,468	$309,859	$259,900	97.3%	41

May 2019 Overview

In the Charlotte market, there continues to be a shortage of home inventory for sale at the lower end of the price spectrum typically defined as homes priced below $200,000. Meanwhile, inventories and sales are rising in the upper price points. The price range with the largest gain in sales was in the $300,000+ range which increased 9.6 percent.

The Median Sales Price is up 5.2% and is currently at $242,000. The property class with the largest price gain was the Condo/Townhome segment with a 10% annual increase to $198,000. The fastest selling price range was the $150,000 to $200,000 range at 25 days and the slowest selling price range was the $300,000+ range at 63 days.

Overall, inventory levels were down 10.1% from this time last year with 2.4 months supply for Single-Family homes and 1.8 months supply for Condos-Townhomes. Note that a balanced market of inventory between buyers and sellers is 6 months. Therefore, current inventory is significantly below this balanced market threshold. 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 with values of $250,000 and below can routinely expect high demand and multiple offers. Sellers of higher-end homes in the best-selling range of $300,000+ can expect brisk activity as well, but the entry-level price range ($250,000 and below) for first-time buyers is most in demand.

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 May 2019 Market Overview MAY 2019

Key metrics from the Monthly Indicators for the Charlotte Region

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

Strongest Properties by TYPE in the Charlotte Region MAY 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	+9.6%
Bedroom Count with Strongest Sales	2 Bedrooms or Less	+ 1.4%
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 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 MAY 2019

BY PRICE RANGE	MAY 2018	MAY 2019	CHANGE
$100,000 and Below	58	45	- 22.4%
$100,001 to $150,000	32	28	- 12.5%
$150,001 to $200,000	25	25	0.0%
$200,001 to $300,000	38	37	- 2.6%
$300,001 and Above	66	63	- 4.5%
ALL PRICE RANGES	45	43	- 4.4%

Days on Market Until Sale by Bedroom Count MAY 2019

BY BEDROOM COUNT	MAY 2018	MAY 2019	CHANGE
2 Bedrooms or Less	41	35	- 14.6%
3 Bedrooms	36	35	- 2.8%
4 Bedrooms or More	57	56	- 1.8%
ALL BEDROOM COUNTS	45	43	- 4.4%

Days on Market Until Sale by Property Type MAY 2019

BY PROPERTY TYPE	MAY 2018	MAY 2019	CHANGE
Single Family	47	45	- 4.3%
Condos & Townhomes	31	33	+ 6.5%

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 MAY 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	MAY 2018	MAY 2019	CHANGE
$100,000 and Below	91.7%	90.9%	- 0.9%
$100,001 to $150,000	97.9%	97.2%	- 0.7%
$150,001 to $200,000	98.3%	97.7%	- 0.6%
$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	95.9%	95.7%	-0.2%
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	96.8%	96.5%	- 0.3%
Condos & Townhomes	98.2%	98.0%	- 0.2%

*ALL DATA on this page is current as of June 5, 2019. All data from CarolinaMLS, Inc. Report provided by the Charlotte Regional Realtor® Association. Report © 2019 ShowingTime.

Upcoming Open Houses in Charlotte NC

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