Weekly Market Activity Report
For Week Ending Sept. 8, 2018
(Data current as of Sept. 17, 2018)
Changing demographics, income levels, corporate growth and natural disasters all affect residential real estate markets. Home prices in Seattle and San Francisco have increased amidst e-commerce and technology success stories, while listings and sales decline precipitously when a hurricane strikes. This week, we are reminded of the destruction delivered by Hurricane Harvey to Houston at this time last year. From Katrina to Sandy to Maria to Florence, housing markets have bent but remain unbroken.
In the Charlotte region, for the week ending September 8:
- New Listings decreased 2.5% year-over-year to 1,105
- Pending Sales increased 8.1% year-over-year to 907
- Inventory decreased 12.9% year-over-year to 10,208
For the month of August:
- Median Sales Price increased 8.2% year-over-year to $244,000
- List to Close decreased 4.4% year-over-year to 86
- Percent of Original List Price Received decreased 0.2% year-over-year at 97.0%
- Months Supply of Homes for Sale decreased 13.1% year-over-year to 2.5