HomeSight Appraisal

12/01/2025

Typical weakness for the holiday week on top of an overall continued healthy bigger picture.

08/20/2025

The big story here is the recovery occurring with inventory (+33.5%) and supply (+26.9) year-over-year. Average List to Sale Price Ratio of 96.2% (1.1% YoY) demonstrates the move to the buyer rather than a solely seller's market. Median and average sales price continue to rise but at a much more moderate pace proving how reliable and powerful an investment homeownership can be.

04/28/2025

A dramatic drop in New Listings (-6.9% YOY) for the week ending 4/19, but inventory overall is still well above the same time last year with a 45.2 % YOY gain, as well as 42.1% YOY gain in months of housing supply. Median sales price begins to move up again (+2.5%) for March after having slowed to 0% YOY increase for February. It will be interesting to watch the New Listing category to see if the drop is an anomaly and will average out higher, or if it is the beginning of a trend as we continue battling stubborn mortgage rates through this Spring market.

03/17/2025

February 2025 Charlotte Region Monthly Indicators by CANOPY REALTOR® ASSOC.

"U.S. existing-home sales fell for the first time since September, slipping 4.9% month over-month to a seasonally adjusted annual rate of 4.08 million units, according to the National Association of REALTORS® (NAR), as elevated home prices and higher interest rates continue to impact buyer activity. Despite the drop, sales were up 2% compared to the same period last year, marking the fourth consecutive monthly year over-year increase.

New Listings were up in the Charlotte region by 4.0 percent to 4,428. Pending Sales increased 2.6 percent to 3,669. Inventory grew 35.9 percent to 8,498. Prices were stable as Median Sales Price remained flat at $385,000. Months Supply of Homes for Sale was up 33.3 percent to 2.4., indicating that supply increased relative to demand.

The limited number of properties for sale has continued to push home prices higher nationwide. At last measure, the national median existing-home price was $396,900, a 4.8% increase from one year earlier, with prices up in all four regions, according to NAR. Meanwhile, total housing inventory heading into February stood at 1.18 million units, up 3.5% month-over-month and 16.8% year-over-year, for a 3.5-month supply at the current sales pace."

12/30/2024

Typical seasonal trends with one exception, new listings coming onto the market broke away from last year's downward trend with a 36.9% increase year over year.

11/29/2024

After a negative reaction to the recent sudden rapid rise in mortgage rates, new listings coming onto the market made a dramatic reversal and recovery rising almost 16% year over year, continuing the accumulation of available inventory. While median and average sales prices continue to rise, days on market also rise and the percentage of list price vs actual sales price continues its drop with sellers, on average, receiving 95.9% of their list price. In effect, all data points to a continued move towards a more normally balanced market on the horizon with some data pointing to more buyer strength and a continued strong seller position, but not the exaggerated seller market that we have seen over the past few years. Looking forward to a much more balanced market for Spring 2025 if these healthy trends continue!

10/01/2024

While still at all-time lows, Canopy Realtor® Assoc. data shows a surprising first positive blip in the Housing Affordability Index for the Charlotte Region, gaining 4.7% in affordability over this same time last year. This comes along with other healthy trends including new listings which continue to strengthen with a 20.2% increase in fresh available stock compared to this time last year. This maintains the year-over-year heightened level of total inventory while pushing the gains in the number of properties under contract to 28.1% higher than this date in 2023. Overall supply continues its gains, rising slightly to 2.7 months compared to 1.7 months of supply at this same time last year.

09/17/2024

07/24/2024

June 2024 Charlotte Region Monthly Indicators per Canopy Realtor® Association

"U.S. existing-home sales declined for the third consecutive month, as higher mortgage rates and rising sales prices hindered market activity during what has traditionally been one of the busiest months of the year. According to the National Association of REALTORS® (NAR), sales of previously owned homes dipped 0.7% month-over-month and 2.8% year-over-year, to a seasonally adjusted annual rate of 4.11 million units. New Listings were up in the Charlotte region by 11.8 percent to 5,271. Pending Sales increased 7.6 percent to 4,127. Inventory grew 39.7 percent to 7,968. Prices moved higher as Median Sales Price was up 5.4 percent to $409,225. Months Supply of Homes for Sale was up 43.8 percent to 2.3, indicating that supply increased relative to demand. Nationally, total housing inventory grew 6.7% month-over-month to 1.28 million units heading into June, for a 3.7 months’ supply at the current sales pace, according to NAR. However, the increase in supply has yet to temper home prices, which have continued to rise nationwide. At last measure, the median existing-home price climbed to $419,300, a 5.8% increase from the same period last year and a record high for the month."

04/05/2024

HomeSight Appraisal now covers the Wilmington, NC region including Brunswick, New Hanover, Pender, Onslow & Duplin counties! Contact us at 704-752-6252 or [email protected] for your appraisal needs in the Charlotte NC, Wilmington NC or Orlando FL regions.

03/25/2024

Charlotte Region Weekly Market Activity Report
For Week Ending March 16, 2024 Per Canopy Realtor® Assoc.
Data current as of March 25, 2024

The U.S. homeownership rate declined in the fourth quarter of 2023, sliding 0.3% from the third quarter to 65.7% at year’s end, according to the Census Bureau’s Housing Vacancy Survey, as higher interest rates and a limited supply of inventory put homeownership out of reach for some buyers. The latest reading fell short of the 25-year average rate of 66.4%, with the less than 35 age group experiencing the largest quarterly decline in homeownership rate, at 0.6%.

In the Charlotte region, for the week ending March 16:

• New Listings increased 5.8% to 1,153
• Pending Sales increased 5.1% to 996
• Inventory increased 14.7% to 5,943

For the month of February:

• Median Sales Price increased 9.0% to $385,000
• List to Close decreased 8.8% to 93
• Percent of Original List Price Received increased 1.7% to 96.8%
• Months Supply of Homes for Sale increased 21.4% to 1.7