Charlotte Market Data Overall OCTOBER 2019
Overall data for the Charlotte real estate market from the Charlotte Monthly Indicators Report| NEW LISTINGS | PENDING SALES | CLOSED SALES | STRONGEST PROPERTY TYPE |
|---|---|---|---|
| 5,122 | 4,675 | 4,284 | Single Family |
| AVERAGE LIST PRICE | AVERAGE SALES PRICE | MEDIAN SALES PRICE | % SELLING PRICE RECEIVED | AVG DAYS ON MARKET |
|---|---|---|---|---|
| $330,490 | $305,890 | $253,000 | 96.5% | 40 |
October 2019 Overview
Mortgage rates increased slightly in October from the three-year lows in September. Even with the uptick in rates, they are still approximately 1% lower than this time a year ago. Fannie Mae is predicting continued low rates, and even possibly lower rates in 2020.
New Listings were up in the Charlotte region by 5.9 percent to 5,122. Pending Sales increased 25.9 percent to 4,675. Inventory shrank 19.5 percent to 9,094 units. Median Home Sales Prices were up 9.3% to $253,000. Months Supply of Homes for Sale was down 25% to 2.1 months in October. As we expect slower seasonal sales through year-end, we expect that historically low mortgage rates will continue to buoy buyer demand and a continued increase in home prices.
The persistent low inventory of housing also continues to place a burden on sales activity from where it would potentially be in a balanced housing market.
Recent Single Family Home Sales in Charlotte NC
View the most recent single family homes sold in Charlotte, NC in the last 3 days.
$249,760
Closed
7024 Branch Fork Road Charlotte, North Carolina
3 Beds 3 Baths 2,207 SqFt 0.186 Acres
$247,410
Closed
7012 Branch Fork Road Charlotte, North Carolina
3 Beds 3 Baths 2,207 SqFt 0.186 Acres
$595,000
Closed
2621 Millie Lane Charlotte, North Carolina
4 Beds 4 Baths 2,462 SqFt 0.126 Acres
$417,180
Closed
4205 Spencer Towns Lane 15 Charlotte, North Carolina
3 Beds 4 Baths 2,041 SqFt 0.029 Acres
Learn the TRUE Market value of your Home Now!
Charlotte August 2019 Market Overview OCTOBER 2019
Key metrics from the Monthly Indicators for the Charlotte Region| KEY METRICS | OCTOBER 2018 | OCTOBER 2019 | CHANGE |
|---|---|---|---|
| New Listings | 4,835 | 5,122 | +5.9% |
| Pending Sales | 3,712 | 4,675 | + 25.9% |
| Closed Sales | 3,865 | 4,284 | + 10.8% |
| Days on Market Until Sale | 42 | 40 | - 4.8% |
| Average List Price | $308,457 | $330,490 | + 7.1% |
| Average Sales Price | $278,811 | $305,890 | + 9.7% |
| Median Sales Price | $231,500 | $253,000 | + 9.3% |
Strongest Properties by TYPE in the Charlotte Region OCTOBER 2019
Which property types sold the quickest key metrics from the Charlotte Housing Supply Overview| KEY METRICS | OCTOBER 2019 | CHANGE |
|---|---|---|
| Price Range with the Strongest Sales | $300,000 and above | +18.1% |
| Bedroom Count with Strongest Sales | 3 Bedrooms | + 7.7% |
| Property Types With Strongest Sales | Single Family | + 7.6% |
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.
$595,000
Closed
2621 Millie Lane Charlotte, North Carolina
4 Beds 4 Baths 2,462 SqFt 0.126 Acres
$417,180
Closed
4205 Spencer Towns Lane 15 Charlotte, North Carolina
3 Beds 4 Baths 2,041 SqFt 0.029 Acres
$325,000
Closed
2401 Kingsbury Drive Charlotte, North Carolina
2 Beds 1 Baths 805 SqFt 0.260 Acres
$332,274
Closed
7621 Meridale Forest Drive 113 Charlotte, North Carolina
4 Beds 3 Baths 2,634 SqFt 0.211 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.
$417,180
Closed
4205 Spencer Towns Lane 15 Charlotte, North Carolina
3 Beds 4 Baths 2,041 SqFt 0.029 Acres
$169,000
Closed
2233 Cigar Court Charlotte, North Carolina
3 Beds 2 Baths 1,400 SqFt
$154,900
Closed
9443 Vicksburg Park Court Charlotte, North Carolina
2 Beds 2 Baths 988 SqFt
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 OCTOBER 2019
Obtained from Housing Supply Overview| BY PRICE RANGE | OCTOBER 2018 | OCTOBER 2019 | CHANGE |
|---|---|---|---|
| $100,000 and Below | 49 | 45 | - 8.2% |
| $100,001 to $150,000 | 30 | 28 | - 6.7% |
| $150,001 to $200,000 | 23 | 26 | + 13.0% |
| $200,001 to $300,000 | 36 | 38 | +5.6% |
| $300,001 and Above | 64 | 61 | - 4.7% |
| ALL PRICE RANGES | 43 | 44 | +2.3% |
Days on Market Until Sale by Bedroom Count OCTOBER 2019
Obtained from Housing Supply Overview| BY BEDROOM COUNT | OCTOBER 2018 | OCTOBER 2019 | CHANGE |
|---|---|---|---|
| 2 Bedrooms or Less | 36 | 35 | - 2.8% |
| 3 Bedrooms | 34 | 37 | + 8.8% |
| 4 Bedrooms or More | 56 | 55 | - 1.8% |
| ALL BEDROOM COUNTS | 43 | 44 | +2.3% |
Days on Market Until Sale by Property Type OCTOBER 2019
Obtained from Housing Supply Overview| BY PROPERTY TYPE | OCTOBER 2018 | OCTOBER 2019 | CHANGE |
|---|---|---|---|
| Single Family | 45 | 45 | 0.0% |
| Condos & Townhomes | 30 | 35 | + 16.7% |
New Homes for Sale in Charlotte NC
View the newest homes for sale in Charlotte, NC listed in the last 1 Day.
$259,000
Active
9407 Chastain Walk Drive Charlotte, North Carolina
3 Beds 3 Baths 2,283 SqFt 0.270 Acres
$300,000
Active
5619 Fenway Drive Charlotte, North Carolina
4 Beds 3 Baths 2,549 SqFt 0.184 Acres
$165,000
Active
1510 Verese Court Charlotte, North Carolina
3 Beds 2 Baths 1,225 SqFt 0.220 Acres
$250,000
Active
6620 Nathan Drive Charlotte, North Carolina
4 Beds 3 Baths 2,365 SqFt 0.130 Acres
View ALL New Listings in Charlotte, NC
Percent of Original List Price Received OCTOBER 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 | OCTOBER 2018 | OCTOBER 2019 | CHANGE |
|---|---|---|---|
| $100,000 and Below | 91.8% | 90.4% | - 1.5% |
| $100,001 to $150,000 | 97.7% | 97.1% | - 0.6% |
| $150,001 to $200,000 | 98.1% | 96.6% | - 0.5% |
| $200,000 to $300,000 | 97.6% | 97.2% | - 0.4% |
| $300,000 and Above | 96.6% | 96.6% | 0.0% |
| ALL PRICE RANGES | 97.0% | 96.7% | - 0.3% |
| BY BEDROOM COUNT | |||
| 2 Bedrooms or Less | 96.0% | 95.7% | -0.3% |
| 3 Bedrooms | 97.5% | 97.1% | - 0.4% |
| 4 Bedrooms or More | 96.6% | 96.5% | - 0.1% |
| ALL BEDROOM COUNTS | 97.0% | 96.7% | - 0.3% |
| BY PROPERTY TYPE | |||
| Single Family | 96.7% | 96.5% | - 0.2% |
| Condos & Townhomes | 98.2% | 97.9% | - 0.3% |
*ALL DATA on this page is current as of November 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.
$259,000
Active
9407 Chastain Walk Drive Charlotte, North Carolina
3 Beds 3 Baths 2,283 SqFt 0.270 Acres
$214,000
Active
13607 Chester Lane Charlotte, North Carolina
3 Beds 3 Baths 1,865 SqFt 0.060 Acres
$310,000
Active
5836 Swanston Drive Charlotte, North Carolina
5 Beds 3 Baths 2,644 SqFt 0.225 Acres
$310,000
Active
5219 Kodiak Court Charlotte, North Carolina
4 Beds 3 Baths 3,426 SqFt 0.232 Acres
