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The October 2019 residential real estate figures are out for Mecklenburg county and I can guess that the press release headline will read something to the effect of "sales rose 19.9% in October due to low mortgage interest rates and high demand". That's accurate but lacks a lot of context. Here's … Continue reading...
Home sales Mecklenburg county continue to fall, now for a third consecutive month, when compared to sales of the same period a year ago. While this is the second time that this trend has occurred (January through March saw sales volume declines as well), this is the first time that the consecutive … Continue reading...
This headline is one that hasn't been written since 2011 and that's because since 2011 (when the housing market in Charlotte hit rock bottom, it's been all up hill. Since then, the median home price in the Charlotte area has increased 61.5%, housing inventories fell from 15.6 months to 3.7 and many … Continue reading...
It seems that the only constant in Mecklenburg County is that there is not near enough homes for sale to meet buyer demand. In March, the supply of homes throughout the Charlotte region fell to new historic lows with Mecklenburg county leading the way to a scant 1.8 month supply of … Continue reading...
In as much as real estate in the Charlotte area is becoming a lot less seasonal (as in homes are selling consistently in most months), January holds the place of being consistently the lowest month of any year. Take whatever metric you want to focus on, whether it's available inventory, median home … Continue reading...
The headline for Charlotte real estate in 2017: We're almost Back! In May of 2007, the Charlotte area real estate market started fall apart due to the Great Recession, taking decades of home price gains and sales with it. Median home price surpassed the pre-recession peak in 2013 however home … Continue reading...
