The Market Q3

    Here is the Q3 Market Update for the Piedmont region.

     

     

    Here is the Q3 Market Update for the Piedmont region. Thinking of buying or selling? Would you like more information? Need to understand it better? Contact us - we'd love to let you know what all this could mean for you! New Listings were up in the Charlotte region 3.3 percent to 4,700. Pending Sales increased 16.4 percent to 4,137. Inventory shrank 17.5 percent to 10,140 units. Prices moved higher as Median Sales Price was up 9.2 percent to $225,000. Months Supply of Homes for Sale was down 24.2 percent to 2.5 months, indicating that demand increased relative to supply.

    Every market is unique, yet the national sentiment has given rise to the notion that housing markets are
    stalling. Although desirous buyers are out on an increasing number of showings, there remains a limited
    number of desirable listings. And although mortgage rates have remained enticingly low, home prices have reached unaffordable levels for many new entrants into the housing pool at exactly the same time that established owners are proving to be less interested in moving.

    New Listings were up in the Charlotte region 3.3 percent to 4,700. Pending Sales increased 16.4 percent to 4,137. Inventory shrank 17.5 percent to 10,140 units.

    Prices moved higher as Median Sales Price was up 9.2 percent to $225,000. Months Supply of Homes for Sale was down 24.2 percent to 2.5 months, indicating that demand increased relative to supply.

    Last year at this time, the national storyline was about how high demand was propping up sales and prices
    despite low inventory and months of supply. That has actually continued to be a familiar refrain for many months in 2017 and now for the past couple of years. But with the likes of Hurricanes Harvey and Irma, different employment outlooks, disparate incomes, varying new construction expectations and potential housing policy shifts, regional differences are becoming more prevalent and pronounced.

    Here is the Q3 Market Update for the Piedmont region.    Here is the Q3 Market Update for the Piedmont region. Thinking of buying or selling? Would you like more information? Need to understand it better? Contact us - we'd love to let you know what all this could mean for you! New Listings were up in the Charlotte region 3.3 percent to 4,700. Pending Sales increased 16.4 percent to 4,137. Inventory shrank 17.5 percent to 10,140 units. Prices moved higher as Median Sales Price was up 9.2 percent to $225,000. Months Supply of Homes for Sale was down 24.2 percent to 2.5 months, indicating that demand increased relative to supply.  Every market is unique, yet the national sentiment has given rise to the notion that housing markets are stalling. Although desirous buyers are out on an increasing number of showings, there remains a limited number of desirable listings. And although mortgage rates have remained enticingly low, home prices have reached unaffordable levels for many new entrants into the housing pool at exactly the same time that established owners are proving to be less interested in moving.  New Listings were up in the Charlotte region 3.3 percent to 4,700. Pending Sales increased 16.4 percent to 4,137. Inventory shrank 17.5 percent to 10,140 units.  Prices moved higher as Median Sales Price was up 9.2 percent to $225,000. Months Supply of Homes for Sale was down 24.2 percent to 2.5 months, indicating that demand increased relative to supply.  Last year at this time, the national storyline was about how high demand was propping up sales and prices despite low inventory and months of supply. That has actually continued to be a familiar refrain for many months in 2017 and now for the past couple of years. But with the likes of Hurricanes Harvey and Irma, different employment outlooks, disparate incomes, varying new construction expectations and potential housing policy shifts, regional differences are becoming more prevalent and pronounced.    Thinking of buying or selling? Would you like more information? Need to understand it better? Contact us - we'd love to let you know what all this could mean for you!  New Listings were up in the Charlotte region 3.3 percent to 4,700. Pending Sales increased 16.4 percent to 4,137. Inventory shrank 17.5 percent to 10,140 units. Prices moved higher as Median Sales Price was up 9.2 percent to $225,000. Months Supply of Homes for Sale was down 24.2 percent to 2.5 months, indicating that demand increased relative to supply.

    Here is the Q3 Market Update for the Piedmont region.    Here is the Q3 Market Update for the Piedmont region. Thinking of buying or selling? Would you like more information? Need to understand it better? Contact us - we'd love to let you know what all this could mean for you! New Listings were up in the Charlotte region 3.3 percent to 4,700. Pending Sales increased 16.4 percent to 4,137. Inventory shrank 17.5 percent to 10,140 units. Prices moved higher as Median Sales Price was up 9.2 percent to $225,000. Months Supply of Homes for Sale was down 24.2 percent to 2.5 months, indicating that demand increased relative to supply.  Every market is unique, yet the national sentiment has given rise to the notion that housing markets are stalling. Although desirous buyers are out on an increasing number of showings, there remains a limited number of desirable listings. And although mortgage rates have remained enticingly low, home prices have reached unaffordable levels for many new entrants into the housing pool at exactly the same time that established owners are proving to be less interested in moving.  New Listings were up in the Charlotte region 3.3 percent to 4,700. Pending Sales increased 16.4 percent to 4,137. Inventory shrank 17.5 percent to 10,140 units.  Prices moved higher as Median Sales Price was up 9.2 percent to $225,000. Months Supply of Homes for Sale was down 24.2 percent to 2.5 months, indicating that demand increased relative to supply.  Last year at this time, the national storyline was about how high demand was propping up sales and prices despite low inventory and months of supply. That has actually continued to be a familiar refrain for many months in 2017 and now for the past couple of years. But with the likes of Hurricanes Harvey and Irma, different employment outlooks, disparate incomes, varying new construction expectations and potential housing policy shifts, regional differences are becoming more prevalent and pronounced.    Thinking of buying or selling? Would you like more information? Need to understand it better? Contact us - we'd love to let you know what all this could mean for you!  New Listings were up in the Charlotte region 3.3 percent to 4,700. Pending Sales increased 16.4 percent to 4,137. Inventory shrank 17.5 percent to 10,140 units. Prices moved higher as Median Sales Price was up 9.2 percent to $225,000. Months Supply of Homes for Sale was down 24.2 percent to 2.5 months, indicating that demand increased relative to supply.

    Here is the Q3 Market Update for the Piedmont region.    Here is the Q3 Market Update for the Piedmont region. Thinking of buying or selling? Would you like more information? Need to understand it better? Contact us - we'd love to let you know what all this could mean for you! New Listings were up in the Charlotte region 3.3 percent to 4,700. Pending Sales increased 16.4 percent to 4,137. Inventory shrank 17.5 percent to 10,140 units. Prices moved higher as Median Sales Price was up 9.2 percent to $225,000. Months Supply of Homes for Sale was down 24.2 percent to 2.5 months, indicating that demand increased relative to supply.  Every market is unique, yet the national sentiment has given rise to the notion that housing markets are stalling. Although desirous buyers are out on an increasing number of showings, there remains a limited number of desirable listings. And although mortgage rates have remained enticingly low, home prices have reached unaffordable levels for many new entrants into the housing pool at exactly the same time that established owners are proving to be less interested in moving.  New Listings were up in the Charlotte region 3.3 percent to 4,700. Pending Sales increased 16.4 percent to 4,137. Inventory shrank 17.5 percent to 10,140 units.  Prices moved higher as Median Sales Price was up 9.2 percent to $225,000. Months Supply of Homes for Sale was down 24.2 percent to 2.5 months, indicating that demand increased relative to supply.  Last year at this time, the national storyline was about how high demand was propping up sales and prices despite low inventory and months of supply. That has actually continued to be a familiar refrain for many months in 2017 and now for the past couple of years. But with the likes of Hurricanes Harvey and Irma, different employment outlooks, disparate incomes, varying new construction expectations and potential housing policy shifts, regional differences are becoming more prevalent and pronounced.    Thinking of buying or selling? Would you like more information? Need to understand it better? Contact us - we'd love to let you know what all this could mean for you!  New Listings were up in the Charlotte region 3.3 percent to 4,700. Pending Sales increased 16.4 percent to 4,137. Inventory shrank 17.5 percent to 10,140 units. Prices moved higher as Median Sales Price was up 9.2 percent to $225,000. Months Supply of Homes for Sale was down 24.2 percent to 2.5 months, indicating that demand increased relative to supply.Here is the Q3 Market Update for the Piedmont region.    Here is the Q3 Market Update for the Piedmont region. Thinking of buying or selling? Would you like more information? Need to understand it better? Contact us - we'd love to let you know what all this could mean for you! New Listings were up in the Charlotte region 3.3 percent to 4,700. Pending Sales increased 16.4 percent to 4,137. Inventory shrank 17.5 percent to 10,140 units. Prices moved higher as Median Sales Price was up 9.2 percent to $225,000. Months Supply of Homes for Sale was down 24.2 percent to 2.5 months, indicating that demand increased relative to supply.  Every market is unique, yet the national sentiment has given rise to the notion that housing markets are stalling. Although desirous buyers are out on an increasing number of showings, there remains a limited number of desirable listings. And although mortgage rates have remained enticingly low, home prices have reached unaffordable levels for many new entrants into the housing pool at exactly the same time that established owners are proving to be less interested in moving.  New Listings were up in the Charlotte region 3.3 percent to 4,700. Pending Sales increased 16.4 percent to 4,137. Inventory shrank 17.5 percent to 10,140 units.  Prices moved higher as Median Sales Price was up 9.2 percent to $225,000. Months Supply of Homes for Sale was down 24.2 percent to 2.5 months, indicating that demand increased relative to supply.  Last year at this time, the national storyline was about how high demand was propping up sales and prices despite low inventory and months of supply. That has actually continued to be a familiar refrain for many months in 2017 and now for the past couple of years. But with the likes of Hurricanes Harvey and Irma, different employment outlooks, disparate incomes, varying new construction expectations and potential housing policy shifts, regional differences are becoming more prevalent and pronounced.    Thinking of buying or selling? Would you like more information? Need to understand it better? Contact us - we'd love to let you know what all this could mean for you!  New Listings were up in the Charlotte region 3.3 percent to 4,700. Pending Sales increased 16.4 percent to 4,137. Inventory shrank 17.5 percent to 10,140 units. Prices moved higher as Median Sales Price was up 9.2 percent to $225,000. Months Supply of Homes for Sale was down 24.2 percent to 2.5 months, indicating that demand increased relative to supply.Here is the Q3 Market Update for the Piedmont region.    Here is the Q3 Market Update for the Piedmont region. Thinking of buying or selling? Would you like more information? Need to understand it better? Contact us - we'd love to let you know what all this could mean for you! New Listings were up in the Charlotte region 3.3 percent to 4,700. Pending Sales increased 16.4 percent to 4,137. Inventory shrank 17.5 percent to 10,140 units. Prices moved higher as Median Sales Price was up 9.2 percent to $225,000. Months Supply of Homes for Sale was down 24.2 percent to 2.5 months, indicating that demand increased relative to supply.  Every market is unique, yet the national sentiment has given rise to the notion that housing markets are stalling. Although desirous buyers are out on an increasing number of showings, there remains a limited number of desirable listings. And although mortgage rates have remained enticingly low, home prices have reached unaffordable levels for many new entrants into the housing pool at exactly the same time that established owners are proving to be less interested in moving.  New Listings were up in the Charlotte region 3.3 percent to 4,700. Pending Sales increased 16.4 percent to 4,137. Inventory shrank 17.5 percent to 10,140 units.  Prices moved higher as Median Sales Price was up 9.2 percent to $225,000. Months Supply of Homes for Sale was down 24.2 percent to 2.5 months, indicating that demand increased relative to supply.  Last year at this time, the national storyline was about how high demand was propping up sales and prices despite low inventory and months of supply. That has actually continued to be a familiar refrain for many months in 2017 and now for the past couple of years. But with the likes of Hurricanes Harvey and Irma, different employment outlooks, disparate incomes, varying new construction expectations and potential housing policy shifts, regional differences are becoming more prevalent and pronounced.    Thinking of buying or selling? Would you like more information? Need to understand it better? Contact us - we'd love to let you know what all this could mean for you!  New Listings were up in the Charlotte region 3.3 percent to 4,700. Pending Sales increased 16.4 percent to 4,137. Inventory shrank 17.5 percent to 10,140 units. Prices moved higher as Median Sales Price was up 9.2 percent to $225,000. Months Supply of Homes for Sale was down 24.2 percent to 2.5 months, indicating that demand increased relative to supply.

     

    Thinking of buying or selling? Would you like more information? Need to understand it better? Contact us – we’d love to let you know what all this could mean for you!

    New Listings were up in the Charlotte region 3.3 percent to 4,700. Pending Sales increased 16.4 percent to 4,137. Inventory shrank 17.5 percent to 10,140 units. Prices moved higher as Median Sales Price was up 9.2 percent to $225,000. Months Supply of Homes for Sale was down 24.2 percent to 2.5 months, indicating that demand increased relative to supply.

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