Weekly Market Activity Report
For Week Ending May 4, 2019
(Data current as of May 13, 2019)
The national chatter over the past couple of weeks has been about royal babies, exciting NBA and NHL playoff games, heightened talk of higher tariffs for China, lackluster tech IPOs and, of course, who will sit on the Iron Throne. Mixed in with those conversations have been thousands of discussions about the housing market at coffee shops, over backyard fences and at real estate industry conventions. The selling season is upon us, and homes are moving quickly.
In the Charlotte region, for the week ending May 4:
- New Listings increased 0.1% year-over-year to 1,520
- Pending Sales increased 20.5% year-over-year to 1,363
- Inventory decreased 4.9% year-over-year to 9,308
For the month of April:
- Median Sales Price increased 5.6% year-over-year to $253,400
- List to Close remained flat year-over-year at 95
- Percent of Original List Price Received decreased 0.4% year-over-year to 97.0%
- Months Supply of Homes for Sale decreased 4.2% year-over-year to 2.3