September’s final numbers are in and you’ll see home prices remain relatively steady as we transition into fall, dipping only a little over 1% from August. 

 

As the seasonality of the market hits we should start to see things here in Charlotte slow, but only just a little. You can see indicators of a slight slowdown already with the number of both pending contracts and new listings dipping in September. One important note: we are still very much in a seller’s market with the current months’ supply sitting at just 1.1 months and the average sold price is at 98.9% of the listing price. Curious about what your home value is at currently? You can use this link from our website to get a general estimate, or just give us a call! 

 

Number of Closed Sales

1,577

Avg. Price

$418,035

Price Compared to Last Month 

-1.29%

Price Compared to Last Year

+ 19.3 %

Median Price

$322,499

Median Price Compared to Last Year

+ 13.2 %

Avg. Days on Market

23

Pending Sales

1,508

House Supply

1.1 Months

Avg. Mortgage Rate

2.89 %

Avg. $/Sqft

$171

New Listings

1,603

 

Above are market statistics for Mecklenburg County, single family homes. Statistics for your neighborhood may vary, so for more accurate data about your specific area, send us an email at Bobby@DowneyProperties.com.