Housing Supply Home Prices And More

Housing Supply Home Prices And More

A Real Estate Market Update  Imagrecent home sale in Davidson

So you thought the market was tight, not a lot to choose from? It got tighter in May.  Housing inventory, the number of units to search went down 22.9% in May with Closed sales up 20% but New Listings up only .3%.  The strongest sales gains, by property type was in Condos, up 21.4%; in price point, it was the above $300,000 category, and in home size, it was 4 or more bedrooms at up 18.5%.  

 The broad Charlotte real estate market  saw strong gains in May, with units sold up 20% YOY and median sale price increase of 8.1% compared to May, 2014, so says the latest data from the CarolinaMLS.  Lets look at a little more detail

Region Sold Units % Inc/Dec Median Sales price % inc/dec Inventory
Mecklenburg County +15.8% +2.4% -30%
Union County +25.9% +3% -21%
Cabarrus County +18.2% +11.4% -27.7%
Iredell County +21.4% +5.8% -14%
Gaston County +37% +10.3% -23.6%
Davidson +41.2% +13.4% -18.8%
Huntersville -5.7% +9% -33.4%
Waxhaw +9.8% -3.2% -18.9%
Lake Norman +21.1% -10.3% -11.7%

All this is to say that all real estate is local! If you here a national report good news or bad, well ok.  Then you hear positive citywide data, that's good too. But it is the local, typically the very local that matters most to you, "How are things in my neighborhood?" and that is where good to great realtors come in, giving you an accurate estimate of sales price on your house. 

So how do you find that great real estate broker? Is he or she the one who lists most of the homes in your neighborhood?  My experience is that in many cases, deep familiarity of a specific  neighborhoods leads to fast sales, but not necessarily the highest prices.

Get your free home valuation here, or for a more detailed report,  just call Terry at 704-390-6221

CherylAnne Mclean Headshot
Phone: 980-322-5117
Dated: June 28th 2015
Views: 391
About CherylAnne: A bit about CherylAnne: Being a REALTOR® is a perfect match for her global experience, knowledge a...

Property Search

RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

New Listing 9727 Ridgemore Dr Charlotte - Stunning All Brick Ranch, for
How To Sell My House And Buy Another - When to Sell My House... How to
3011 Crowder Court SouthPark Townhouse For Sale - Stunning SouthPark Townhouse3BR/2
3014 Sunset Dr Sedgefield Fabulous Ranch For Sale - Now enjoy all that Sedgefield has

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

The McDonald Group
5970 Fairview Rd
Charlotte, NC

Other Locations