Though the Charlotte housing market may have started 2019 off slowly, the region saw a flurry of housing activity in December and had a nearly 6 percent increase for the year over 2018 totals for residential sales. Monthly home sales rose 17.2 percent in December compared to December 2018. In total, 50,854 homes sold in… [Read More]
Conservative moves led to drop in housing inventory
Are lenders and builders to blame for the housing shortage we are facing in 2020? Yes, Marcus & Millchamp CEO Hessam Nadji told CNBC in a recent report. In an attempt to avoid a repeat of 2008’s devastating market crash, lenders and builders have taken more conservative approaches to how they are doing business. Builders… [Read More]
Nov. home sales drop, list prices on rise
As 2019 draws to a close, home sales in the Charlotte region are slowing down overall but showing a positive trend headed into 2020, while demand remains strong amid falling inventory. Year-over-year sales were up 2 percent, with a total of 3,878 homes sold across the Charlotte region, according to the Canopy MLS monthly report…. [Read More]
Oct. sales show positive trend for region
Pending sales in the Charlotte region were up nearly 26 percent in October, signifying buyers are not deterred from the Charlotte area’s continued low housing inventory. From September, pending sales under contract increased 2.5 percent. Closed sales also saw a nearly 11 percent from October 2018, with 4,284 home sold, according to the most recent… [Read More]
Seller’s market going strong, inventory still down
Even though low mortgage rates kept potential buyers on the housing hunt in August, inventory in the Charlotte market continued to drop off. Inventory fell 17.5 percent compared to August 2018, with 9,412 homes for sale, leaving the region with just a 2.3 months of supply inventory, according to the most recent data from Canopy… [Read More]
Charlotte’s median sales price up in July
Queen City home sellers maintained the upper hand during July in the Charlotte-area housing market, with year-over-year sales prices on the rise as demand rises and the housing shortage continues. July’s median sales prices rose to $265,000, an increase of 10.4 percent from July 2018, while the average sales prices rose 7.8 percent to $313,281,… [Read More]