February 11, 2019
Contact: Kim Walker, 704-940-3149
CHARLOTTE, N.C. – The Charlotte Regional Realtor® Association provides monthly reports on residential real estate market activity for the Charlotte Metro region based on data from the Carolina Multiple Listing Services, Inc. (CarolinaMLS). The Charlotte Metro region, which this report is based on, includes 12 counties in North Carolina and four counties in South Carolina.
Charlotte Metro region year-over-year home sales in January decreased 9.0 percent, with 2,510 properties sold compared to 2,759 properties sold in January 2018.
Compared to the previous month (December 2018) sales were down 21.0 percent.
The average sales price in January 2019 ($268,271) increased 1.9 percent compared to January 2018 ($263,294), while the median sales price ($226,000) increased 5.1 percent compared to January 2018 ($215,000). Compared to December 2018, the average and the median sales prices decreased 5.2 percent and 4.5 percent respectively.
The average list price in January 2019 ($328,665) increased 5.4 percent compared to January 2018 ($311,890), bringing the percent of original list price received measure to 95.6 percent, a slight decrease of 0.4 percent compared to the same period last year. Pending sales in January 2019 (4,010) rose 14.9 percent compared to January 2018. Compared to the previous month (December 2018), pending sales increased 44.8 percent.
“Though sales are down year-over-year, we are pleased to see strong new listing activity here at the start of the year,” said 2019 Charlotte Regional Realtor® Association/CarolinaMLS president Brenda Hayden. “This indicates that seller confidence is increasing, which will definitely help the outlook for buyers this spring. Based on pending contract activity, which also increased significantly this past month, buyer demand should be steady as we head into the spring selling season.”
New residential listings (4,543) increased 12.9 percent in January 2019 compared to the same period last year. New listing counts compared to the previous month (December 2018) increased significantly (74.7 percent). Inventory declined, with the number of homes for sale down 3.4 percent compared to January 2018. This left the Charlotte region with 8,723 properties for sale at report time, or 2.2 months of supply of inventory. A year ago in January 2018 the region had 9,027 properties for sale.
The average number of days a property was on the market from the time it was listed until it closed (list to close) was 105 days, which is unchanged compared to January 2018. Days on Market, the metric that accrues for “Active” and “Under Contract-Show” statuses, totaled 50 days, which is three days fewer than January 2018.
For more residential-housing market statistics, visit www.CarolinaHome.com and click on “Market Data.” For an interview with 2019 Association/CarolinaMLS President Brenda Hayden, please contact Kim Walker.
The Charlotte Regional Realtor® Association is a trade association with more than 10,800 Realtor® members. The Association is dedicated to being the region's primary resource for residential real estate information. The Association operates the Carolina Multiple Listing Services, Inc. (CarolinaMLS), which has more than 16,000 Subscribers and is the private cooperative Realtors® use for access to tens of thousands of residential listings in a multicounty service area, including Charlotte, the Piedmont and Mountains areas of North Carolina and South Carolina, and beyond.
Original Publish Date: 2/11/2019