For Week Ending September 18, 2021 (Data current as of September 27, 2021)
Despite increases in new listings in recent months, America is facing an epic housing shortage, with realtor.com reporting the U.S. needs an additional 5.24 million homes to meet current population needs, an increase of 1.4 million homes since 2019, as new-home construction has failed to keep up with household formations. Assuming the rate of household formations continues, the average rate of new home completions would need to triple over the next 5 – 6 years in order to meet current demand.
In the Charlotte region, for the week ending September 18:
- New Listings decreased 3.5% to 1,310
- Pending Sales increased 7.4% to 1,302
- Inventory decreased 33.2% to 4,390
For the month of August:
- Median Sales Price increased 14.8% to $332,810
- List to Close decreased 22.1% to 67
- Percent of Original List Price Received increased 3.0% to 101.5%
- Months Supply of Homes for Sale decreased 40.0% to 0.9
Most Prevalent Mortgage Rates for Top Tier Buyers
• 30 Year Fixed – 3.000% – 3.312%
• 15 Year Fixed – 2.250% – 2.625%
• FHA/VA – 2.750% – 3.125%
You’ve worked hard for what you’ve earned, and you’re right to want the best experience. With ROI-based updates, highly targeted pre-listing marketing, and a systematized approach, you can rest easy knowing you are in good hands.
If you are thinking about selling your home in the next 6 months, call me today for your strategic marketing consultation. 708.995.7444
Local Data and content was obtained from CanopyMLS and Current as of September 27, 2021. Data is refreshed regularly to capture changes in the market activity. The Charlotte Region Report includes Alexander, Anson, Cabarrus, Catawba, Cleveland, Gaston, Iredell, Lincoln, Mecklenburg, Rowan, Stanley, and Union Counties in North Carolina and Chester, Chesterfield, Lancaster, and York Counties in South Carolina.