Sales have been brisk, particularly at midpoint levels away from the highs and lows, and months’ supply of inventory continues to drop, sometimes significantly. For the 12-month period spanning July 2015 through June 2016, Pending Sales in the Charlotte region were up 10.0 percent overall. The price range with the largest gain in sales was the $300,001 and Above range, where they increased 18.5 percent.
The overall Median Sales Price was up 5.5 percent to $197,900. The property type with the largest price gain was the Condo segment, where prices increased 6.6 percent to $156,700. The price range that tended to sell the quickest was the $150,001 to $200,000 range at 44 days; the price range that tended to sell the slowest was the $100,000 and Below range at 80 days.
Market-wide, inventory levels were down 23.3 percent. The property type that lost the least inventory was the Single-Family segment, where it decreased 22.0 percent. That amounts to 3.3 months supply for SingleFamily homes and 1.8 months supply for Condos.
Source: CRRA Housing Supply Overview, June 2016
View and Print the Complete Monthly Indicators Report for June 2016
View and Print the Complete Housing Supply Overview for June 2016
View and Print the Complete Local Market Update for June 2016
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Data based on information from the Charlotte Regional Realtor Association. Information deemed reliable, but not guaranteed.