Hello! 

 

We’re starting a new series each month where we’ll give you a quick overview of what happened in the Real Estate market here in Charlotte. 

 

Starting off with August 2020. By now you realize that we’ve been dealing with COVID for months. This means new showing protocols, extra hoops for lending, and keeping ourselves socially distant for things like inspections and closings. It’s been interesting to say the least. One thing that has pushed through it all? The Charlotte Real Estate market! Below are some statistics from the end of August, check out the average price difference from last year… with inventory as low as it is, NOW is the time to sell. 

 

 

Number of Closed Sales

1,556

Avg. Price

$423,498

Price Compared to Last Month 

+ 1.61 %

Price Compared to Last Year

+ 17.1 %

Median Price

$330,000

Median Price Compared to Last Year

+ 13.8 %

Avg. Days on Market

27

Pending Sales

1,770

House Supply

1.1 Months

Avg. Mortgage Rate

2.95 %

Avg. $/Sqft

$168

New Listings

1,684

 

 

These market statistics are for all of Mecklenburg County, single family homes. Similar statistics for your neighborhood may vary. For more specifics about your specific area, send us an email at Bobby@DowneyProperties.com