Charlotte Luxury Homes Market September 2020

Charlotte luxury homes market September 2020 saw a continued and solid strengthening in the luxury housing market in the Charlotte region versus the same time frame in 2019, despite the ongoing pandemic. Home showings remained strong, home prices were up, inventory was down, months supply of homes were down, while closed and pending sales were up as were sale prices.

Charlotte Luxury Homes Market September 2020 Update

Latest news on the Charlotte Region’s luxury homes market in September 2020 and what it means for you…

Charlotte Region’s luxury homes market saw a solid strengthening September 2020 year-to-date versus the same time frame in 2019, despite the ongoing pandemic. For homes priced above $750,000, the Charlotte region saw both higher pending and closed sales, in spite of a 22% decline in inventory and a minimal increase in new listings of less than one percent. Days on market, both average and median, also were down year-over-year, as was the months supply of inventory.

Luxury Homes Market Snapshot: Charlotte Region September 2020 Year-To-Date

Homes Sold: 1,514 in September 2020 year-to-date, up 18.3%, versus 1,280 in September 2019
Pending Sales: 1,975 in September 2020, up 23.4% year-to-date, versus 1,600 in September 2019
New Listings: up 0.8% to 2,577 in September 2020 year-to-date versus 2,557 in September 2019
Inventory of Homes: down 22% to 853 in September 2020 year-date versus 1,094 in September 2019
Months Supply of Homes: down 34.2% with 5 months supply of homes in September 2020 year-to-date versus 7.6 months supply in September 2019
Average Days on Market: 70 days in September 2020 year-to-date versus 75 days in September 2019
Median Days on Market: 23 days in September 2020 year-to-date versus 35 days in September 2019
Average Sale Price: up 3.8% to $1,162,379 in September 2020 year-to-date versus $1,199,939 in September 2019
Median Sale Price: up 3.8% to $986,500 in September 2020 year-to-date versus $950,000 in September 2019
Median % Of List Price Received: up 0.7% to 97% in September 2020 year-to-date versus September 2019

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This Charlotte luxury homes market September 2020 update is provided by Nina Hollander with Coldwell Banker Realty, Greater Charlotte residential real estate expert serving Charlotte area luxury home buyers and sellers since 1999.

If you’re considering selling or purchasing a home in the Charlotte region, I’d love an opportunity to earn your business, to exceed your expectations, and to show you why experience matters and how:

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