Charlotte Huntersville Matthews Area Home Sales for December, 2017

If Charles Dickens were to evaluate the market for Charlotte, NC homes in 2017, he’d say it was the best of times and the worst of times.
Housing Supply Down
Sellers would certainly agree 2017 was the best of times. By almost every benchmark in every month for the past two years, we’ve seen a nearly airtight seller’s market. The home sales measures that are most meaningful to buyers, such as the inventory of homes for sale, the number of months supply of homes on the market, the percentage of original list price received, and the median home price have all trended in favor of sellers.

But not all is doom and gloom for home buyers. The author of “A Tale of Two Cities” would remind us that there’s always room for hope. A steady increase in demand assures home buyers they’re making a sound investment. Unemployment and relocation trends further attest to the Charlotte area’s promising economic future. Home builders remain optimistic, and are pushing ahead with new developments as a result. So bring it on, 2018!

As of December 31, 2017, the inventory of homes for sale came in at 8,019 homes, compared to 9,947 for December, 2016. That’s a drop of 1,928 units, representing a decrease of 19.4%. The number of months supply of homes for sale declined from 2.6 to 2, a loss of 23.1%. Further confirmation of a relentless seller’s market is evident in the percent of original list price received, which was 95.8% last December, but has now climbed to 96.3%, a gain of .5%. The current median sales price of $235,000 represents a whopping $20,000 increase from December, 2016, a gain of 11.9%.

These are the overall numbers for the greater Charlotte Metro area. For more detail, see the reports for Charlotte, Matthews, and Huntersville.

About jptuggle


My name is Julie Tuggle, broker/owner of Carolina Buyer's Agent in Charlotte, NC. After four years working for a traditional broker, I saw the need for a firm that would represent buyers best interests only on any home for sale in the Charlotte area, including For-Sale-By-Owner homes, so I opened Carolina Buyer's Agent in 1998. Carolina Buyer's Agent specializes in buyer representation only, giving buyers the negotiating advantage throughout the home purchase process. We're one of the only real estate firms in the Charlotte area that doesn't take listings or represent sellers, so you'll never have to worry about the risk of "dual or designated agency" - the conflict of interest that exists when your agent's company is also representing the best interests of the seller on the home you want to buy.

Visit our web site, www.carolinabuyersagent.com , for more information about working with an exclusive buyer agent when you're ready to start thinking about purchasing a home. From there, you can search for MLS-listed homes and for-sale-by-owner homes, too. We'll also explain the legal difference between a dual agent and an exclusive buyer's agent so you can make the right decision on one of the most important investments you'll ever own. Search for Charlotte real estate including for-sale-by-owner homes, and find Charlotte school and community information at http://carolinabuyersagent.com/ . I'm a non-smoker and my hobbies are tennis, gardening and of course, investing in real estate!