Home prices were consistently up again in most markets in 2018 but at reduced levels compared to recent years. High demand for few homes for sale fueled price increases, but evidence is mounting that inventory will finally improve in 2019. This may apply some downward pressure on prices for beleaguered home buyers. A fourth interest rate hike by the Federal Reserve in 2018 spooked the stock market to close out the year. The Fed has indicated that the number of rate increases in 2019 will be halved, which may be of little comfort to an already compressed consumer.
In the month of December 2018*, the Charlotte, North Carolina market had:
3,176 homes sold
Homes priced from $41,000 to $3.5 million
Average sales price per home was $282,894
Average home going under contract in 50 days
Average home closing in 101 days.
If you would like a free market analysis to determine the value of your home, please inbox me or give me a call at (980) 297-8161.
*All data from CarolinaMLS.
Sharetha M. Holman is a licensed NC real estate broker with Apex Realty of the Carolinas, Inc, primarily serving the Charlotte NC and surrounding areas. Connect with me on Facebook, Instagram, and Twitter!
To start your home search today, visit Apex Realty of the Carolinas.com.