December 12, 2018

November 2018 Matthews, NC Real Estate Market Conditions

By Julie Tuggle

The Charlotte real estate market update as of November 30, 2018 is as follows.  The percentage of original home prices received has gone down from 98.7% last year to 97%, which shows a decrease of 1.7%.  Shrinking inventory continues to be a significant issue in the Charlotte real estate market. The amounts of homes for sale in Charlotte this year were 8.4% from November of 2017 to 175 units. The number of months’ supply of homes for sale are only at 1.9%, which hasn’t changed much from 2017.  The lack of supply in homes has caused the overall prices to go up as we’ve seen in previous reports. Because of this, the median sales price has gone from $263,500 in November of 2017 to $287,500 in November of 2018.

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Carolina Buyer's Agent Julie Tuggle

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