Charlotte Housing Market

CHARLOTTE MARKET UPDATE – NOV, 2019 October home sales continued to sizzle, rising by 10.8% year-over-year, with 4,284 homes sold. Sales rose by 2.9% compared to the previous month (September, 2019), with 122 more homes sold in October than in September. Pending sales figures still showed a huge push from home buyers in the region, rising by 25.9% over a year ago. Sellers across the city continued to flex their muscle, with the average list price rising to $330,490 year-over-year by 7.1%; list prices rose by 0.9% relative to September, 2019. Average and median sales prices rose 9.7% and 9.3% respectively. Original list-to-sales-price ratios rose 03% to 96.5%. For the second consecutive month, new residential listings increased by 5.9% with 5,122 homes listed in the month of October.   Inventory will continue to pressure costs for the foreseeable future, falling 19.5% across the 16-county zone, leaving the area for sale with 9,094 homes and 2.1 months of inventory. Despite market conditions being largely unchanged, relative to Charlotte’s prime-selling […]