Charlotte Housing Market Overview for September 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, 9/30/2019. 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 begin Q4, 2019.
Charlotte remains in a strong seller’s market through September, as average sales prices rose 6.8% year-over-year, to $300,175. There is a 2.2 month supply throughout the region with a reduction of inventory (9,272 listings) of 19% year-over-year.
Finally, housing sales rose 8.3% year-over-year in September this year and pending sales are 37.6% higher than at the same point in 2018, fueled, in part, to lower mortgage interest rates.
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 September 2019