Weekly Market Activity Report
For Week Ending July 7, 2018
(Data current as of July 16, 2018)
As prices persistently rise and months of supply decrease in year-over-year comparisons, it continues to be an ideal time for more sellers to enter the market. Across the U.S., inventory levels are still lagging behind last year, but new listings have perked up nicely so far this year. This has been coupled with many announced new home-building projects across the nation and a more positive tone from the building community.
In the Charlotte region, for the week ending July 7:
- New Listings increased 4.1% to 1,134
- Pending Sales increased 16.6% to 1,048
- Inventory decreased 14.7% to 9,745
For the month of June:
- Median Sales Price increased 3.2% to $249,000
- List to Close decreased 7.5% to 86
- Percent of Original List Price Received increased 0.3% to 97.8%
- Months Supply of Homes for Sale decreased 16.2% to 2.4