Charlotte Area Market Stats – September 2020 | Apex Realty of the Carolinas
Strong buyer activity has continued into the fall, which is normally the start of the seasonal slowing of the housing market. With stronger buyer activity in the market this year and the continued constrained supply of homes for sale, speedy sales and multiple offers are likely to remain a common occurrence and will keep the housing market hot even when the weather is cooling.
While uncertainty remains on what effects the upcoming elections and any seasonal resurgence of COVID19 may have on the financial and housing markets, the healthy housing demand we see today will continue to create significant opportunities in the near term.
Here’s a snapshot of the Charlotte market real estate activity for September 2020 (compared to September 2019):
- New Listings were up 9.6 percent to 4,615.
- Pending Sales increased 28 percent to 4,619.
- Homes Sold decreased 9.6 percent to 4,125.
- Inventory shrank 51.1 percent to 4,118.
- The Median Sales Price was up 11.7 percent to $295,000.
- Months’ Supply of Homes for Sale was down 52.2 percent to 1.1, which continues to be 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!