Charlotte Housing Market Overview for August 2019
*Data provided by 2019 Canopy MLS and is thought to be accurate but, not guaranteed.
Interest rates continue to linger at nearly historic lows as we delve into the year-over-year data from close of business, 8/31/2019. The low interest rates create a favorable and stable lending environment. With motivated buyers moving to the region and seeing Charlotte as a highly desirable place to live & work, sales should continue to be steady as we head into Q4, 2019.
Charlotte remains in a strong seller’s market through August, as list prices rose 6.5% year-over-year, to $329,260. The average sales price rose 5.5% over last August to $310,691.
Finally, housing sales rose 2.3% over July of this year, and the year-to-date sales are 1.6% higher than at the same point in 2018. Need more specific information on your local neighborhood market or more specifically, your home? Let’s talk! Call or text (704) 491-3310 today.
© Debe Maxwell | The Maxwell House Group | RE/MAX Executive | CharlotteBroker@icloud.com | Charlotte Housing Market Overview for August 2019