Charlotte Market Data Overall for July 2019
Charlotte Market Data Overall JULY 2019
Overall data for the Charlotte real estate market from the Charlotte Monthly Indicators Report| NEW LISTINGS | PENDING SALES | CLOSED SALES | STRONGEST PROPERTY TYPE |
|---|---|---|---|
| 5,583 | 5,206 | 4,627 | Single Family |
| AVERAGE LIST PRICE | AVERAGE SALES PRICE | MEDIAN SALES PRICE | % SELLING PRICE RECEIVED | AVG DAYS ON MARKET |
|---|---|---|---|---|
| $321,673 | $313,281 | $265,000 | 97.1% | 38 |
July 2019 Overview
This month the economic expansion that began in June 2009 became the longest in history, making up 121 straight months of GDP growth. The economy should continue to perform well throughout the remainder of 2019 but there are signs of a mild recession on the horizon sometime in 2020. Low mortgage interest rates have helped to offset decreasing home affordability, but home prices are still outpacing the growth in median household income.
In the Charlotte real estate market, the home inventory shortage continues as new listings were down 0.6% in July with 5,583 units available. Home inventory shrank 15.3% to 9,416 units. Months Supply of Home inventory was down 14.8% to 2.3 months of inventory with a 2.4 month supply for Single-Family homes and 1.7 month supply for Condos/Townhomes. Note that six months of inventory is considered to be a balanced market between buyers and sellers. As has been the case for several months, the entry-level price point of $225,000 and below continues to experience the most severe shortage of inventory.
For homeowners with homes in this entry-level value range these homes will continue to be very much in demand. Sellers of homes in the best-selling range of $200,000 to $300,000 can expect brisk activity as well. Pending sales are up 15.9 percent to 5,206 units and the overall Median Sales Price was up 6.2 percent to $247,000. The price range with the largest gain in sales was the $200,001 to $300,000 range, which increased 11.1%.
The property type with the largest price gain was the Condo-Townhome class which experienced a 9.7% increase to $200,833. The price range that tended to sell in the shortest amount of time was the $150,000 to $200,000 range, averaging 26 days on market. The price range that sold the slowest during July was the $300,000+ range which took an average of 62 days to sell. Still, a very good time range for higher-end homes.
Recent Single Family Home Sales in Charlotte NC
View the most recent single family homes sold in Charlotte, NC in the last 3 days.
$468,000
Closed
5006 Hoyt Court Charlotte, North Carolina
3 Beds 2 Baths 1,819 SqFt 0.21 Acres
$506,385
Closed
5742 Stewarts Landing Road 124 Charlotte, North Carolina
5 Beds 3 Baths 2,646 SqFt 0.15 Acres
$432,500
Closed
710 Barksdale Circle Charlotte, North Carolina
4 Beds 3 Baths 2,188 SqFt 0.33 Acres
$399,000
Closed
2240 Roswell Avenue 4 Charlotte, North Carolina
2 Beds 1 Baths 1,053 SqFt 0.01 Acres
Learn the TRUE Market value of your Home Now!
Charlotte July 2019 Market Overview JULY 2019
Key metrics from the Monthly Indicators for the Charlotte Region| KEY METRICS | JULY 2018 | JULY 2019 | CHANGE |
|---|---|---|---|
| New Listings | 5,616 | 5,583 | - 0.6% |
| Pending Sales | 4,490 | 5,206 | + 15.9% |
| Closed Sales | 4,688 | 4,627 | - 1.3% |
| Days on Market Until Sale | 35 | 38 | + 8.6% |
| Average List Price | $302,691 | $343,468 | + 2.6% |
| Average Sales Price | $299,723 | $321,673 | + 6.3% |
| Median Sales Price | $240,000 | $265,000 | + 10.4% |
Strongest Properties by TYPE in the Charlotte Region JULY 2019
Which property types sold the quickest key metrics from the Charlotte Housing Supply Overview| KEY METRICS | JULY 2019 | CHANGE |
|---|---|---|
| Price Range with the Strongest Sales | $300,000 and above | +10.8% |
| Bedroom Count with Strongest Sales | 3 Bedrooms | + 1.9% |
| Property Types With Strongest Sales | Single Family | + 2.3% |
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.
$468,000
Closed
5006 Hoyt Court Charlotte, North Carolina
3 Beds 2 Baths 1,819 SqFt 0.21 Acres
$506,385
Closed
5742 Stewarts Landing Road 124 Charlotte, North Carolina
5 Beds 3 Baths 2,646 SqFt 0.15 Acres
$432,500
Closed
710 Barksdale Circle Charlotte, North Carolina
4 Beds 3 Baths 2,188 SqFt 0.33 Acres
$399,000
Closed
2240 Roswell Avenue 4 Charlotte, North Carolina
2 Beds 1 Baths 1,053 SqFt 0.01 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.
No properties found
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 JULY 2019
Obtained from Housing Supply Overview| BY PRICE RANGE | JULY 2018 | JULY 2019 | CHANGE |
|---|---|---|---|
| $100,000 and Below | 54 | 46 | - 14.8% |
| $100,001 to $150,000 | 31 | 28 | - 9.7% |
| $150,001 to $200,000 | 24 | 26 | + 8.3% |
| $200,001 to $300,000 | 36 | 38 | +5.6% |
| $300,001 and Above | 65 | 62 | - 4.6% |
| ALL PRICE RANGES | 44 | 44 | 0.0% |
Days on Market Until Sale by Bedroom Count JULY 2019
Obtained from Housing Supply Overview| BY BEDROOM COUNT | JULY 2018 | JULY 2019 | CHANGE |
|---|---|---|---|
| 2 Bedrooms or Less | 38 | 36 | - 5.3% |
| 3 Bedrooms | 35 | 36 | +2.9% |
| 4 Bedrooms or More | 56 | 56 | 0.0% |
| ALL BEDROOM COUNTS | 44 | 44 | 0.0% |
Days on Market Until Sale by Property Type JULY 2019
| BY PROPERTY TYPE | JULY 2018 | JULY 2019 | CHANGE |
|---|---|---|---|
| Single Family | 46 | 45 | - 2.2% |
| 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.
$545,000
Active
6225 Pella Road Charlotte, North Carolina
5 Beds 4 Baths 2,886 SqFt 0.38 Acres
$300,000
Active
10859 Garden Oaks Lane Charlotte, North Carolina
2 Beds 3 Baths 1,284 SqFt 0.03 Acres
$375,000
Active
7917 E Lane Drive 64 Charlotte, North Carolina
4 Beds 3 Baths 2,265 SqFt 0.15 Acres
$478,496
Active
5684 Clear Creek Lane Charlotte, North Carolina
3 Beds 3 Baths 2,005 SqFt 0.04 Acres
View ALL New Listings in Charlotte, NC
Percent of Original List Price Received JULY 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 | JULY 2018 | JULY 2019 | CHANGE |
|---|---|---|---|
| $100,000 and Below | 91.7% | 90.5% | - 1.3% |
| $100,001 to $150,000 | 97.9% | 97.1% | - 0.8% |
| $150,001 to $200,000 | 98.3% | 97.6% | - 0.7% |
| $200,000 to $300,000 | 97.7% | 97.3% | - 0.4% |
| $300,000 and Above | 96.6% | 96.5% | - 0.1% |
| ALL PRICE RANGES | 97.0% | 96.6% | - 0.4% |
| BY BEDROOM COUNT | |||
| 2 Bedrooms or Less | 95.9% | 95.6% | -0.3% |
| 3 Bedrooms | 97.6% | 97.1% | - 0.5% |
| 4 Bedrooms or More | 96.7% | 96.4% | - 0.3% |
| ALL BEDROOM COUNTS | 97.0% | 96.6% | - 0.4% |
| BY PROPERTY TYPE | |||
| Single Family | 96.8% | 96.4% | - 0.4% |
| Condos & Townhomes | 98.3% | 97.9% | - 0.4% |
*ALL DATA on this page is current as of August 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.
$449,900
Active
2005 Near Point Road 22 Charlotte, North Carolina
3 Beds 3 Baths 2,302 SqFt 0.043 Acres
$645,990
Active
7116 Wayfarer Drive 0080 Charlotte, North Carolina
3 Beds 3 Baths 2,481 SqFt 0.15 Acres
$588,990
Active
7112 Wayfarer Drive 0081 Charlotte, North Carolina
3 Beds 2 Baths 1,880 SqFt 0.15 Acres
$525,000
Active
3960 Farmington Ridge Parkway Charlotte, North Carolina
5 Beds 3 Baths 3,074 SqFt 0.14 Acres
