Charlotte’s low inventory of homes for sale continued to drive rising residential list prices, while year-over-year sales numbers show a decline in June. Median list prices rose to $248,045, an increase of 2.8 percent over June 2017, while on average sales prices rose 5.7 percent to $302,177 across the Charlotte MLS region. Sellers also are… [Read More]
As we enter the mid-summer season, it is worth noting that the two-year surge in home selling prices across the Charlotte area is slowing. For some time, double-digit price increases were the norm. After that, strong single-digit gains became common. Now, selling prices demonstrate little movement from one year ago.
The median home value in Charlotte is $157,800, which marks a 5.1% increase from the previous year. Home prices have appreciated by about 28% over the past five years. Median home sales prices, however, are considerably higher. In May the median sales price was $208,000. The market for 2-bedroom and 3-bedroom homes in Charlotte is… [Read More]