Here’s how the Charlotte real estate market has changed since October of 2018.
We have seen some new listings in our market, but the number has been on a three-month drop. October of 2019 is the first month that they’ve gone back up. The number of homes for sale has dropped and it continues to do so. Closed sales are up, which shows that as new listings come on the market, they’re being bought up almost as soon as they hit the market. This has caused the days on market to drop and the median price to increase.
New Listings:
- October 2018: 4,835
- October 2019: 5,119
- Net change: 🠉
Homes for Sale:
- October 2018: 11,290
- October 2019: 9,054
- Net change: 🠋
Closed Sales:
- October 2018: 3,865
- October 2019: 4,196
- Net change:🠉
Days on Market:
- October 2018: 18
- October 2019: 15
- Net change:🠋
Median Sale Price:
- October 2018: $231,500
- October 2019: $253,040
- Net change:🠉
It’s important for buyers and sellers to pay attention to the market. If your real estate agent can’t tell you what’s going on in your area using real data as opposed to their feelings, then it might be a good time to talk to a different agent.
If you have any questions about the market or are thinking of buying, selling, or investing in real estate, don’t hesitate to reach out to us. We’d love to help you.
