COVID-19 Impacts Charlotte Real Estate In April 2020

2020-05-08T10:30:38-04:00May 8, 2020|Categories: Buying a Home, Charlotte, Housing Market Reports/Updates, Selling a Home|Tags: , , , , , , , , , , , |

COVID-19 impacted Charlotte real estate sales significantly in April 2020. Year-over-year closed and pending sales, new listings, inventory, housing affordability, days on market, months supply of homes, were all down. Meantime, days on market dropped and home prices increased -- essentially due to lack of inventory combined with buyer demand. Home showings were down more than 50% due to COVID-19 restrictions.

Charlotte Real Estate Report: March 2020

2020-04-07T15:29:34-04:00April 7, 2020|Categories: Buying a Home, Charlotte, Housing Market Reports/Updates, Selling a Home|Tags: , , , , , , , , , , |

Charlotte region ended March 2020 a seller's market with inventory remaining extremely tight and the months supply of housing dropping 32% to just 1.7 months of inventory. Year-over-year home prices increased, days on market decreased, inventory decreased, closed sales increased. New listings increased marginally by 1.8%. A small decrease in pending sales might be a harbinger of things to come as shelter-in-place orders reduce market activity due to COVID-19.

Charlotte Real Estate Report: February 2020

2020-03-11T16:52:48-04:00March 11, 2020|Categories: Buying a Home, Charlotte, Housing Market Reports/Updates, Selling a Home, Uncategorized|Tags: , , , , , , , , , , |

Charlotte region ended February 2020 a seller's market with inventory remaining extremely tight and the months supply of housing dropping 40% to just 1.5 months of inventory. Year-over-year home prices increased, days on market decreased, inventory decreased, closed and pending sales increased. New listings increased marginally by 2.2%. Housing affordability index continued to decrease, as well.

Charlotte Real Estate Report: January 2020

2020-02-10T18:03:04-04:00February 10, 2020|Categories: Buying a Home, Charlotte, Housing Market Reports/Updates, Selling a Home, Uncategorized|Tags: , , , , , , , , , , |

Charlotte region ended the first month of 2020 as a seller's market with inventory remaining extremely tight and the months supply of housing dropping 36% to just 1.6 months. Year-over-year home prices increased, days on market decreased, inventory decreased, new listings decreased. Housing affordability index continued to decrease, as well.

Charlotte Real Estate Report: December 2019

2020-01-10T16:24:09-04:00January 10, 2020|Categories: Buying a Home, Charlotte, Housing Market Reports/Updates, Selling a Home, Uncategorized|Tags: , , , , , , , , , , |

Charlotte region remained a seller’s market in December 2019 with inventory remaining extremely tight and the months supply of housing dropping 29.2% to just 1.7 months. Year-over-year home prices increased, days on market decreased, inventory decreased despite new listings increasing slightly. Housing affordability index continued to decrease, as well.

Charlotte Real Estate Report: November 2019

2019-12-11T10:08:53-04:00December 11, 2019|Categories: Buying a Home, Charlotte, Housing Market Reports/Updates, Selling a Home, Uncategorized|Tags: , , , , , , , , , , |

Charlotte region remained a seller’s market in November 2019 with inventory remaining extremely tight, dropping 22.6% compared with November 2018. Year-over-year home prices increased, days on market decreased, new listings decreased. Housing affordability index continues to decrease, as well.

Charlotte Real Estate Report: October 2019

2019-11-16T12:00:34-04:00November 16, 2019|Categories: Charlotte, Housing Market Reports/Updates, Uncategorized|Tags: , , , , , , , , , |

Charlotte region remained a seller’s market in October 2019 with inventory remaining extremely tight, dropping 19.5% compared with October 2018. Despite lower inventory, the Charlotte market has shown resiliency and buyer demand for homes remained strong as interest rates dropped.

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