Charlotte Area Market Stats – December 2020 | Apex Realty of the Carolinas
December is normally one of the slowest months of the year but strong buyer demand across most segments of the market, combined with near-record low interest rates continue to drive a healthy sales pace.
With low mortgage rates and strong buyer demand in most market segments, the housing market of early 2021 looks to continue the trends we saw in the second half of 2020. Low inventory and multiple offers on in-demand properties and market segments are likely to remain common while the market waits and hopes for a boost in new construction and a surge in home sellers to help provide more balance to the market.
Here’s a snapshot of the Charlotte market real estate activity for December 2020 (compared to December 2019):
- New Listings were up 14.4 percent to 2,822.
- Pending Sales increased 32.4 percent to 3,227.
- Homes Sold increased 10.6 percent to 3,959.
- Inventory shrank 56.1 percent to 3,028.
- Median Sales Price increased 10.8 percent to $297,931.
- Months’ Supply of Homes for Sale decreased 57.8 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!