For Week Ending April 7, 2018

(Data current as of April 16, 2018)

The spring of 2018 has exhibited weather patterns that many will not soon forget. Professional baseball games are getting canceled due to snow, vacations are being delayed by grounded flights and the usual rush that takes place in the housing market when the names of months get shorter is maintaining a more even pace. Given continued heightened buyer demand brought on by more household formations and higher wages, temperance may well be a good thing for market health.

In the Charlotte region, for the week ending April 7:

• New Listings decreased 11.1% to 1,359
• Pending Sales decreased 1.2% to 1,148
• Inventory decreased 20.4% to 8,423

For the month of March:

• Median Sales Price increased 7.1% to $235,000
• List to Close decreased 4.8% to 100
• Percent of Original List Price Received increased 0.4% to 97.2%
• Months Supply of Homes for Sale decreased 23.5% to 2.1

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