Charlotte Area Market Stats – August 2021 | Apex Realty of the Carolinas
August is normally one of the busiest months of the year with many families navigating back to school for the kids. Increased demand for housing, with an improving economy, has competition for rentals as well as buying soaring.
With strong buyer demand in most market segments, the housing market of 2021 looks to continue the trends of low inventory that we saw in 2020. In new construction, home builders continue to struggle to meet buyer demand, as housing starts nationwide dropped 7% in July. In Charlotte’s the listings over the past 2 years have increased overall 5.3%.
Here’s a snapshot of the Charlotte market real estate activity for August 2021 (compared to August 2020):
- New Listings were up 1.4 percent to 4,979.
- Pending Sales increased 4.8 percent to 4,930.
- Homes Sold increased 2.8 percent to 4,498.
- Inventory shrank 41.8 percent to 3,168.
- Median Sales Price increased 15.8 percent to $345,000.
- Months’ Supply of Homes for Sale decreased 42.9 percent to 0.8 months, which is the lowest level of inventory our market has seen.
Our agents at Apex Realty of the Carolinas are real estate experts in markets throughout North and South Carolina, representing home sellers and buyers across the region. Our firm continues to seek innovative ways to provide the best quality information and marketing online for home sellers and buyers.
Our market expertise, use of virtual home tours, drone technology for aerial and neighborhood views, e-signing, and video conferencing for seller and buyer consultations allows us to present our clients with the best, most convenient methods to close the deal.
If you have any questions regarding the overall Charlotte market or activity in your specific or desired neighborhood, please feel free to give us a call or send us a message. One of our agents will be glad to assist you!