May 10, 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 April rose 0.1 percent, with 4,221 properties sold compared to 4,217 properties sold in April 2018. Compared to the previous month (March 2019), sales increased 9.9 percent.
The average sales price in April 2019 ($304,996) increased 4.3 percent compared to April 2018 ($292,297), while the median sales price ($253,500) increased 5.6 percent compared to April 2018 ($240,000). Compared to March 2019, the average and the median sales prices increased 5.3 percent and 3.8 percent respectively.
The average list price in April 2019 ($357,063) increased 6.1 percent compared to April 2018 ($336,516), and the percent of original list price received measure was 97.0 percent, a slight decrease of 0.4 percent compared to the same period last year. Pending sales in April 2019 (5,324) rose 11.1 percent compared to April 2018. Compared to the previous month (March 2019), pending sales decreased 0.4 percent.
“We’re pleased to see a return to positive sales across the region in April,” said 2019 Charlotte Regional Realtor® Association/CarolinaMLS President Brenda Hayden. “Overall, when compared to last year, year-to-date sales are still on par with sales during the first four months of 2018. With pending sales up 11 percent year-over-year in April, we’re hopeful that this activity will be enough to sustain steady sales over the next few months.”
New residential listings (5,771) decreased 0.9 percent in April 2019 compared to the same period last year. New listing counts compared to the previous month (5,775) decreased 0.1 percent. Inventory declined, with the number of homes for sale down 8.7 percent compared to April 2018. This left the Charlotte Metro region with 8,928 properties for sale at report time, or 2.2 months of supply of inventory. A year ago in April 2018 the region had 9,784 properties for sale, or 2.4 months of supply.
The average number of days a property was on the market from the time it was listed until it closed (list to close) was 95 days, which is unchanged compared to April 2018. Days on Market, the metric that accrues for “Active” and “Under Contract-Show” statuses, totaled 47 days, which is three days more than April 2018.
For more residential-housing market statistics, visit www.CarolinaHome.comand 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 that provides its more than 11,000 Realtor®members with the resources and services they need to conduct ethical, professional, successful and profitable businesses. 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 16,500 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: 5/10/2019