December 12, 2018

November 2018 Charlotte, NC Real Estate Market Conditions

By Julie Tuggle

As of November 30, 2018, the percentage of original price received nudged down from 97,2% from last year to 96.8%, a decrease of .4%. However, shrinking inventory remains a significant issue. The number of homes for sale rose by 10% from November, 2017 to 2,607 units. This leaves the number of months supply of homes for sale at only 2, an increase of 17.6%. Despite this improvemenet, the continuing lack of supply has propped up the price once again, as the median sales price has bumped up from $227,000 from last November to the current median price of $233,000.

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Carolina Buyer's Agent Julie Tuggle

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