Category: Market Trends

Welcome to our latest real estate market trends update, where we examine the current housing market landscape. As we provide the trends of the present month, we will also share a comparison with the same period in previous years. This market analysis focuses on Single Family Homes, Condos, and Townhomes, in the vibrant Charlotte metropolitan area. Whatever you are in the market for, our analysis provides a valuable snapshot of market trends year over year.

In the ever-evolving world of real estate, understanding the nuances of market shifts is a paramount priority for both buyers and sellers alike. Join us as we analyze the data and gain insight into the current state of the market, providing valuable context for those navigating property transactions. Whether you’re seeking to buy, sell, or simply stay informed, we hope that this overview provides value.

New Listings

The latest data for the Charlotte area reveals intriguing insights into the dynamics of new home listings over the past few years. In June 2022, the number of new listings for single-family homes, condominiums, and townhouses was 51,096. This figure dropped significantly to 40,802 by June 2023, indicating a substantial decline in inventory.

However, the market appears to be showing signs of recovery. By June 2024, the number of new listings increased slightly to 41,387. While this figure is still below the levels seen in 2022, the uptick from 2023 suggests that the market may be stabilizing and heading towards a more balanced state.

Pending Sales

The pending sales data for single-family homes, condominiums, and townhouses in the Charlotte area provides valuable insights into the market’s trajectory over recent years. In June 2021, pending sales reached 48,560, reflecting a robust period for the housing market. However, by June 2022, this figure had declined to 45,379, indicating a slowing trend.

The decline continued into June 2023, with pending sales dropping to 34,727. This significant decrease highlights the challenges the market faced, including potential issues with affordability and inventory shortages. Despite these challenges, there are signs of stabilization. While June 2024 pending sales were still decreased at 32,806, this number is higher than we have seen for the previous three months, suggesting that the market may be finding its footing and beginning to stabilize.

Sales Price

The median sales price for single-family homes, condominiums, and townhouses in the Charlotte area has shown a consistent upward trend over the past three years. In June 2022, the median sales price was $368,333. By June 2023, this figure had increased to $393,045, reflecting a notable rise in property values. The upward trajectory continued into June 2024, with the median sales price reaching $399,900.

This steady increase in median sales prices indicates a strong demand for housing in the Charlotte area, likely driven by factors such as economic growth, population influx, and limited housing supply. The trend suggests a favorable environment for sellers, as property values continue to appreciate. Buyers, on the other hand, may face higher costs and should consider acting sooner rather than later to avoid further price increases.

Days on Market

The median days on market for single-family homes, condominiums, and townhouses in the Charlotte area showed significant changes from 2021 to 2024. In January 2021, the median was 7 days, dropping to 4 days by June 2021, and remaining at this low level throughout most of 2022, reflecting a highly competitive market.

However, from late 2022 into 2023, the median days on market began to rise, reaching 10 days by June 2023 and peaking at 12 days in the fall of 2023. In 2024, the median stabilized at around 11 days from January to June, indicating a shift from the competitive conditions of the previous years to a slower market where properties take longer to sell.

The data for June 2024 paints a nuanced picture of the Charlotte area’s real estate landscape. While median home sale prices continue to appreciate, reaching $399,900, there’s a decrease in both new listings and pending sales compared to previous years. New listings were 41,387, slightly up from 40,802 in June 2023 but well below 51,096 in June 2022. Pending sales dropped to 32,806, down from 34,727 in June 2023 and 45,379 in June 2022. Additionally, properties are taking longer to sell, with median days on market rising to 11 from 10 in June 2023 and 4 in June 2022. These trends underscore the importance of staying attuned to market fluctuations and adapting strategies accordingly in the evolving Charlotte MSA real estate market.

As we navigate these trends, we’re here to support you every step of the way. Whether you’re a prospective buyer eager to find your dream home, a homeowner considering selling, or simply seeking more information about the market, we invite you to reach out with any questions or assistance you may need. Our team of experts is dedicated to providing personalized guidance and expertise tailored to provide you with results. Let us know what you’re looking for.

Welcome to our latest real estate market trends update, where we examine the current housing market landscape. As we provide the trends of the present month, we will also share a comparison with the same period in previous years. This market analysis focuses on Single Family Homes, Condos, and Townhomes, in the vibrant Charlotte metropolitan area. Whatever you are in the market for, our analysis provides a valuable snapshot of market trends year over year.

In the ever-evolving world of real estate, understanding the nuances of market shifts is a paramount priority for both buyers and sellers alike. Join us as we analyze the data and gain insight into the current state of the market, providing valuable context for those navigating property transactions. Whether you’re seeking to buy, sell, or simply stay informed, we hope that this overview provides value.

New Listings

In May 2024, the number of new home listings in the Charlotte area was decreased at 40,898, compared to 42,288 in May 2023. This indicates a decline in listings year-over-year, suggesting a potential shift in the housing market dynamics. However, this decrease in new listings may present a favorable environment for sellers, as reduced inventory levels could lead to increased competition among buyers, potentially driving up property prices.

Pending Sales

In May 2024, pending home sales in the Charlotte area dropped to 32,714, down from 35,094 in May 2023. This decline signals a decrease in buyer activity year-over-year, which could indicate challenges in the housing market such as affordability concerns or inventory shortages. Nevertheless, this dip in pending home sales might offer an advantage to sellers by potentially reducing competition and allowing for more favorable negotiation terms.

Sales Price

In May 2024, the median home sale price in the Charlotte area increased to $398,751, up from $395,000 in May 2023. This modest rise suggests a relatively stable market with consistent appreciation in home values year-over-year. Such steady growth can provide assurance to homeowners and investors alike, reflecting the region’s resilience in the face of economic fluctuations.

Days on Market

In May 2024, the median days on the market for homes for sale in the Charlotte area remained consistent with April’s data at 10 days, compared to 9 days in May 2023. This suggests a consistent pace of home sales and a relatively brisk market, reflecting continued interest in the region’s real estate offerings.

The data for May 2024 paints a nuanced picture of the Charlotte area’s real estate landscape. While median home sale prices continue to show modest appreciation year-over-year, there’s a notable decrease in pending sales, signaling a potential shift in buyer-seller dynamics. Overall, these trends underscore the importance of staying attuned to market fluctuations and adapting strategies accordingly in navigating the evolving real estate market in the Charlotte MSA.

As we navigate these trends, we’re here to support you every step of the way. Whether you’re a prospective buyer eager to find your dream home, a homeowner considering selling, or simply seeking more information about the market, we invite you to reach out with any questions or assistance you may need. Our team of experts is dedicated to providing personalized guidance and expertise tailored to provide you with results. Let us know what you’re looking for.

Welcome to our latest real estate market trends update, where we examine the current housing market landscape. As we provide the trends of the present month, we will also share a comparison with the same period in previous years. This market analysis focuses on Single Family Homes, Condos, and Townhomes, in the vibrant Charlotte metropolitan area. Whatever you are in the market for, our analysis provides a valuable snapshot of market trends year over year.

In the ever-evolving world of real estate, understanding the nuances of market shifts is a paramount priority for both buyers and sellers alike. Join us as we analyze the data and gain insight into the current state of the market, providing valuable context for those navigating property transactions. Whether you’re seeking to buy, sell, or simply stay informed, we hope that this overview provides value.

New Listings

In April 2024, the number of new home listings in the Charlotte area decreased to 40,114, compared to 43,520 in April 2023. This indicates a decline in listings year-over-year, suggesting a potential shift in the housing market dynamics. However, this decrease in new listings may present a favorable environment for sellers, as reduced inventory levels could lead to increased competition among buyers, potentially driving up property prices.

Pending Sales

In April 2024, pending home sales in the Charlotte area dropped to 32,919, down from 35,854 in April 2023. This decline signals a decrease in buyer activity year-over-year, which could indicate challenges in the housing market such as affordability concerns or inventory shortages. Nevertheless, this dip in pending home sales might offer an advantage to sellers by potentially reducing competition and allowing for more favorable negotiation terms.

Sales Price

In April 2024, the median home sale price in the Charlotte area increased to $396,000, up from $395,500 in April 2023. This modest rise suggests a relatively stable market with consistent appreciation in home values year-over-year. Such steady growth can provide assurance to homeowners and investors alike, reflecting the region’s resilience in the face of economic fluctuations.

Days on Market

In April 2024, the median days on the market for homes for sale in the Charlotte area increased to 10 days, compared to 8 days in April 2023. This uptick suggests a slight slowdown in the pace of home sales, possibly attributed to factors such as increased inventory or adjustments in buyer demand. Despite this change, the market remains relatively brisk, reflecting continued interest in the region’s real estate offerings.

The data for April 2024 paints a nuanced picture of the Charlotte area’s real estate landscape. While median home sale prices continue to show modest appreciation year-over-year, there’s a notable increase in the median days on market, signaling a potential shift in buyer-seller dynamics. Overall, these trends underscore the importance of staying attuned to market fluctuations and adapting strategies accordingly in navigating the evolving real estate market in the Charlotte MSA.

As we navigate these trends, we’re here to support you every step of the way. Whether you’re a prospective buyer eager to find your dream home, a homeowner considering selling, or simply seeking more information about the market, we invite you to reach out with any questions or assistance you may need. Our team of experts is dedicated to providing personalized guidance and expertise tailored to provide you with results. Let us know what you’re looking for.

Welcome to our latest real estate market trends update, where we examine the current housing market landscape. As we provide the trends of the present month, we will also share a comparison with the same period in previous years. This market analysis focuses on Single Family Homes, Condos, and Townhomes, in the vibrant Charlotte metropolitan area. Whatever you are in the market for, our analysis provides a valuable snapshot of market trends year over year.

In the ever-evolving world of real estate, understanding the nuances of market shifts is a paramount priority for both buyers and sellers alike. Join us as we analyze the data and gain insight into the current state of the market, providing valuable context for those navigating property transactions. Whether you’re seeking to buy, sell, or simply stay informed, we hope that this overview provides value.

New Listings

In March 2024, new listings in the Charlotte area remained relatively stable, with a slight increase from 3,902 in March 2023 to 3,918. This minor uptick suggests a continued level of market activity, providing both buyers and sellers with opportunities in the real estate market. Despite fluctuations, the Charlotte area maintains a resilient housing landscape, offering a range of options for those entering the market or looking to make a move.

Pending Sales

In March 2024, pending sales in the Charlotte area declined, dropping to 33,091 compared to 36,366 in March 2023. This downward trend suggests a decrease in market activity over the past year, indicating potential shifts in buyer demand or economic conditions. Despite these changes, the Charlotte area’s real estate market remains dynamic, offering opportunities for both buyers and sellers.

Sales Price

In March 2024, the median sales price in the Charlotte area continued to show stability, reaching a median price of $395,000 compared to $397,000.00 in March 2023. This figure reflects a marginal decrease from the previous year, indicating ongoing resilience in the market despite potential fluctuations. Over the past twelve months, median sales prices have remained relatively steady, highlighting the consistent value of properties in the Charlotte area.

Days on Market

In March 2024, the median days on market in the Charlotte area decreased to 10 days, compared to 12 days near the end of 2023. This is still elevated from a median of 7 days in March 2023, but indicates a modest improvement in market efficiency in recent months, with properties spending slightly less time on the market before being sold. Despite fluctuations, the median days on market have remained relatively stable, suggesting a consistent pace of transactions in the Charlotte area’s real estate market.

In conclusion, our analysis of the housing market trends for March paints a picture of a resilient landscape. While new listings and median days on market indicate healthy market activity, stable median sales prices suggest a balanced pricing environment. Additionally, the slight decrease in new listings from the previous year reflects ongoing changes in market dynamics, signaling a modest adjustment in buyer demand. Overall, these insights offer valuable perspectives for buyers and sellers navigating the housing market in the Charlotte area.

As we navigate these trends, we’re here to support you every step of the way. Whether you’re a prospective buyer eager to find your dream home, a homeowner considering selling, or simply seeking more information about the market, we invite you to reach out with any questions or assistance you may need. Our team of experts is dedicated to providing personalized guidance and expertise tailored to provide you with results. Let us know what you’re looking for.

Welcome to our latest real estate market trends update, where we examine the current housing market landscape. As we provide the trends of the present month, we will also share a comparison with the same period in previous years. This market analysis focuses on Single Family Homes, Condos, and Townhomes, in the vibrant Charlotte metropolitan area. Whatever you are in the market for, our analysis provides a valuable snapshot of market trends year over year.

In the ever-evolving world of real estate, understanding the nuances of market shifts is a paramount priority for both buyers and sellers alike. Join us as we analyze the data and gain insight into the current state of the market, providing valuable context for those navigating property transactions. Whether you’re seeking to buy, sell, or simply stay informed, we hope that this overview provides value.

New Listings

In February 2024, new listings in the Charlotte area experienced an increase, rising to 3,376 compared to 2,775 in February 2023. This uptick indicates a positive trend in market activity, with more properties entering the market for sale. The rise in new listings suggests potential opportunities for both buyers and sellers in the Charlotte area real estate market.

Pending Sales

In February 2024, pending sales in the Charlotte area experienced a decrease compared to the same period in the previous year, declining from 36,710 in February 2023 to 33,220. This decline indicates a shift in market dynamics, suggesting a decrease in buyer activity during this period. Despite this decrease, the real estate market in the Charlotte area continues to adapt to changing conditions.

Sales Price

In February 2024, the median sales price in the Charlotte area was $393,495, showing a slight decrease compared to the same period in the previous year, when it was $396,000 in February 2023. This slight decline suggests a stabilization or softening of prices within the market. Despite this minor fluctuation, the Charlotte area continues to maintain relatively strong property values, offering valuable opportunities for both buyers and sellers in the real estate market.

Days on Market

In February 2024, the median days on market in the Charlotte area stood at 11 days, showing a slight increase from the same period in the 2023 when it was 6 days. This uptick indicates a modest lengthening of the time properties spend on the market. Despite this increase, the Charlotte area continues to maintain relatively efficient market conditions, with properties generally selling within a short timeframe.

In conclusion, our analysis of the housing market trends for February paints a picture of a resilient landscape. While new listings and pending sales indicate healthy market activity, stable median sales prices suggest a balanced pricing environment. Additionally, the slight increase in median days on market from the previous year reflects ongoing market dynamics, signaling a modest adjustment in property turnover rates. Overall, these insights offer valuable perspectives for buyers and sellers navigating the housing market in the Charlotte area.

As we navigate these trends, we’re here to support you every step of the way. Whether you’re a prospective buyer eager to find your dream home, a homeowner considering selling, or simply seeking more information about the market, we invite you to reach out with any questions or assistance you may need. Our team of experts is dedicated to providing personalized guidance and expertise tailored to provide you with results. Let us know what you’re looking for.

Welcome to our latest real estate market trends update, where we examine the current housing market landscape. As we provide the trends of the present month, we will also share a comparison with the same period in previous years. This market analysis focuses on Single Family Homes, Condos, and Townhomes, in the vibrant Charlotte metropolitan area. Whatever you are in the market for, our analysis provides a valuable snapshot of market trends year over year.

In the ever-evolving world of real estate, understanding the nuances of market shifts is a paramount priority for both buyers and sellers alike. Join us as we analyze the data and gain insight into the current state of the market, providing valuable context for those navigating property transactions. Whether you’re seeking to buy, sell, or simply stay informed, we hope that this overview provides value.

New Listings

In January 2024, the total number of new listings saw a slight increase compared to the same month in the previous year, reaching 3,175, indicating a positive trend in inventory growth. Despite fluctuations observed in the past, the latest data suggests a promising start to the year, with the Charlotte area experiencing healthy levels of new listings, which could potentially offer more options for homebuyers in the market.

Pending Sales

In comparing January 2024 to January 2023, pending sales in the Charlotte area witnessed a decline, dropping from 40,308 to 35,745 over the year. This decrease indicates a shift in market dynamics, suggesting a decrease in buyer activity during this period. Despite this decline, the real estate market in the Charlotte remains resilient, adapting to changing conditions.

Sales Price

In January 2024, the median sales price for properties in the Charlotte area was $380,000, reflecting a marginal decrease from the previous year. These figures indicate a stable pricing environment in the Charlotte area. Despite seasonal variations, the data suggests a continued equilibrium in property values, providing stability for buyers and sellers alike in their real estate transactions.

Days on Market

In January 2024, the median days on market for properties in the Charlotte area saw a decrease to 23 days, down from 28 days in the previous year. These figures indicate a slight improvement in market efficiency, with properties selling more quickly.

In conclusion, our analysis of the housing market trends for January paints a picture of a resilient landscape. While new listings and pending sales indicate healthy market activity, stable median sales prices suggest a balanced pricing environment. Additionally, the reduction in median days on market signals increased efficiency and competitiveness within the housing market.

As we navigate these trends, we’re here to support you every step of the way. Whether you’re a prospective buyer eager to find your dream home, a homeowner considering selling, or simply seeking more information about the market, we invite you to reach out with any questions or assistance you may need. Our team of experts is dedicated to providing personalized guidance and expertise tailored to provide you with results. Let us know what you’re looking for.