mecklenburg county residential housing market reports/march 2020.pdf · the “notable events in...
TRANSCRIPT
Data as of March 2020 Source: Canopy MLS pg. 1
Mecklenburg County
Residential Housing Market
Michael B. Simmons
County Economist
Data as of March 2020
Table of Contents
NOTABLE EVENTS IN THE HOUSING MARKET ............................................................................ 2
MECKLENBURG COUNTY HOUSING STATISTICS ....................................................................... 3
CITY OF CHARLOTTE HOUSING STATISTICS .............................................................................. 4
UPTOWN CHARLOTTE HOUSING STATISTICS ............................................................................ 5
DAVIDSON HOUSING STATISTICS................................................................................................. 6
MATTHEWS HOUSING STATISTICS ............................................................................................... 7
HUNTERSVILLE HOUSING STATISTICS ........................................................................................ 8
LAKE NORMAN HOUSING STATISTICS ......................................................................................... 9
COMBINED STATISTICAL GRAPHS I ........................................................................................... 10
COMBINED STATISTICAL GRAPHS II .......................................................................................... 11
About this report
The following report contains information on Mecklenburg County as a whole, and the individual
submarkets for the area.
The “Notable Events in the Housing Market” section provides some context to data, highlighting areas
or trends that are significant. Individual submarket housing market statistics are included in the
“Housing Market” sections, pages four through nine of the report. The “Combined Statistical Graphs”
sections on pages ten and eleven of the report offer a combined view of a statistic with the
information for the month the left-hand side, and year-to-date information on the right-hand side. For
more information contact: [email protected]
Data from this report was sourced from Canopy MLS.
Data as of March 2020 Source: Canopy MLS pg. 2
NOTABLE EVENTS IN THE HOUSING MARKET
Overall, March posted strong activity. However, the response to COVID-19, including the stay at
home order issued on March 26th, is expected to negatively impact housing market activity.
Mecklenburg County’s year-over-year home sales for March increased 7.7%, with 1,790 properties
sold compared to 1,662 properties over the same period last year. Pending sales are down 10.9% for
the month with 1,843 this year compared to 2,069 in the previous year.
New listings year-over-year were down 3.8% with 2,289 properties up for sale compared to 2,380
properties up for sale over the same period last year.
The average home price in the 12-months ending March for the County is up 8.7% at $345,924
compared to $318,132 in the 12-months ending March 2019.
April’s data will show the full effect of the COVID-19 response on the housing market. Some of
March’s year over year improvements were likely in part due to last year’s Federal government
shutdown. By April, the year over year comparable should have little bias from the shutdown.
Current expectations for home sales in April anticipate a large reduction in sales activity, with the stay
at home order in place through the end of the month. Although realtors are essential, certain activities
are limited under the order, and many may be reluctant to buy or sell homes virtually. Many expect a
recession due to COVID-19, which would sideline potential buyers, and others may wait expecting
home prices to fall. Finally, uncertainty and potential loss of income in the economy and wealth from
the stock market will likely encourage more conservative behavior, and belief that the choice to buy or
sell now would be financially unsound.
In the months following we are expecting that housing market will slow significantly due to COVID-19,
and as the stay at home order is lifted will take time to recover, as people will need time to recover
from the financial losses of COVID-19.
Data as of March 2020 Source: Canopy MLS pg. 3
MECKLENBURG COUNTY HOUSING MARKET
Mecklenburg County March Year to Date
Key Metrics 2019 2020
Percent
Change Thru 3-2019 Thru 3-2020
Percent
Change
New Listings 2,380 2,289 -3.8% 6,113 6,020 -1.5%
Pending Sales 2,069 1,843 -10.9% 5,126 5,415 5.6%
Closed Sales 1,662 1,790 7.7% 3,943 4,387 11.3%
Median Sales Price* 262,170 288,500 10.0% 251,500 278,063 10.6%
Average Sales Price* 332,338 353,422 6.3% 318,132 345,924 8.7%
Percent of Original List Price Received* 97.1% 98.0% 0.9% 96.7% 97.3% 0.6%
List to Close 96 89 -7.3% 97 92 -5.2%
Days on Market Until Sale 46 38 -17.4% 46 41 -10.9%
Cumulative Days on Market Until Sale 55 47 -14.5% 55 50 -9.1%
Inventory of Homes for Sale 3,485 2,418 -30.6%
Months Supply of Inventory 2.1 1.3 -38.1%* Does not account for sale concessions and /or down payment assistance.
5,689 5,804 5,707 6,355 6,146 6,113 6,020
22,205 22,794 23,48324,882 24,485 25,090
0
5,000
10,000
15,000
20,000
25,000
30,000
2014 2015 2016 2017 2018 2019 2020
New Listings
Total YTD Total CY
3,049 3,494 3,542 4,114 4,043 3,943 4,387
16,29918,126
19,46320,877
19,735 20,817
0
5,000
10,000
15,000
20,000
25,000
2014 2015 2016 2017 2018 2019 2020
Closed Sales
Total YTD Total CY
177.5195.0 200.0
229.0245.0 251.5
278.1
192.0205.0
218.5239.9
252.0270.0
$K
$50K
$100K
$150K
$200K
$250K
$300K
2014 2015 2016 2017 2018 2019 2020
Median Sales Price
Total YTD Total CY
229.4253.1 261.5
287.6305.4 318.1
345.9
253.3 264.4280.7
298.2320.1
341.8
$K
$100K
$200K
$300K
$400K
2014 2015 2016 2017 2018 2019 2020
Average Sales Price
Total YTD Total CY
131124
11196 91 97 92
118102
9485 83 86
0
50
100
150
2014 2015 2016 2017 2018 2019 2020
List to Close
Total YTD Total CY
92
6554
41 3946
41
67
5040
32 33 37
0
20
40
60
80
100
2014 2015 2016 2017 2018 2019 2020
Days on Market Until Sale
Total YTD Total CY
94.595.3
96.3
97.5 97.896.7
97.3
95.0
96.1
97.298.0 97.7
97.1
90%
92%
94%
96%
98%
100%
2014 2015 2016 2017 2018 2019 2020
Percent of Original List Price Received
Total YTD Total CY
103
79
65
49 4855 50
83
6048
39 3945
0
20
40
60
80
100
120
2014 2015 2016 2017 2018 2019 2020
Cumulative Days on Market Until Sale
Total YTD Total CY
Data as of March 2020 Source: Canopy MLS pg. 4
CITY OF CHARLOTTE HOUSING MARKET
City of Charlotte March Year to Date
Key Metrics 2019 2020
Percent
Change Thru 3-2019 Thru 3-2020
Percent
Change
New Listings 1,858 1,829 -1.6% 4,844 4,887 0.9%
Pending Sales 1,666 1,496 -10.2% 4,179 4,386 5.0%
Closed Sales 1,336 1,436 7.5% 3,220 3,511 9.0%
Median Sales Price* 247,750 275,000 11.0% 238,000 263,750 10.8%
Average Sales Price* 328,646 345,355 5.1% 309,282 334,410 8.1%
Percent of Original List Price Received* 97.2% 98.2% 1.0% 96.8% 97.5% 0.7%
List to Close 93 87 -6.5% 95 89 -6.3%
Days on Market Until Sale 44 36 -18.2% 44 38 -13.6%
Cumulative Days on Market Until Sale 52 43 -17.3% 52 46 -11.5%
Inventory of Homes for Sale 2,603 1,819 -30.1%
Months Supply of Inventory 2.0 1.3 -35.0%* Does not account for sale concessions and /or down payment assistance.
4,623 4,471 5,005 4,900 4,844 4,887
18,066 18,47919,700 19,381 19,723
0
5,000
10,000
15,000
20,000
25,000
2015 2016 2017 2018 2019 2020
New Listings
Total YTD Total CY
2,842 2,895 3,302 3,298 3,220 3,511
14,38715,546
16,61815,708 16,574
0
5,000
10,000
15,000
20,000
2015 2016 2017 2018 2019 2020
Closed Sales
Total YTD Total CY
182.0 187.6214.0
230.0 238.0263.8
188.5202.5
225.0237.5
257.0
$K
$50K
$100K
$150K
$200K
$250K
$300K
2015 2016 2017 2018 2019 2020
Median Sales Price
Total YTD Total CY
245.6 251.5278.0
294.9 309.3334.4
255.4270.7
288.2308.7
333.2
$K
$100K
$200K
$300K
$400K
2015 2016 2017 2018 2019 2020
Average Sales Price
Total YTD Total CY
122109
92 8895 89
10092
82 80 85
0
50
100
150
2015 2016 2017 2018 2019 2020
List to Close
Total YTD Total CY
64
51
38 3644
38
48
3730 30
35
0
20
40
60
80
2015 2016 2017 2018 2019 2020
Days on Market Until Sale
Total YTD Total CY
95.196.2
97.6 97.996.8
97.5
96.0
97.298.1 97.8
97.2
90%
92%
94%
96%
98%
100%
2015 2016 2017 2018 2019 2020
Percent of Original List Price Received
Total YTD Total CY
78
61
46 4552
46
58
4536 36
42
0
20
40
60
80
100
2015 2016 2017 2018 2019 2020
Cumulative Days on Market Until Sale
Total YTD Total CY
Data as of March 2020 Source: Canopy MLS pg. 5
UPTOWN CHARLOTTE HOUSING MARKET
Uptown Charlotte March Year to Date
Key Metrics 2019 2020
Percent
Change Thru 3-2019 Thru 3-2020
Percent
Change
New Listings 52 51 -1.9% 123 112 -8.9%
Pending Sales 42 28 -33.3% 89 87 -2.2%
Closed Sales 18 28 55.6% 50 79 58.0%
Median Sales Price* 291,500 283,000 -2.9% 291,500 285,000 -2.2%
Average Sales Price* 359,011 305,523 -14.9% 382,292 307,345 -19.6%
Percent of Original List Price Received* 97.0% 95.8% -1.2% 96.2% 95.7% -0.5%
List to Close 82 91 11.0% 105 94 -10.5%
Days on Market Until Sale 45 47 4.4% 65 52 -20.0%
Cumulative Days on Market Until Sale 64 53 -17.2% 90 61 -32.2%
Inventory of Homes for Sale 91 68 -25.3%
Months Supply of Inventory 3.2 2.2 -31.3%* Does not account for sale concessions and /or down payment assistance.
111 115 124157 134 123 112
411455 472
508469 448
0
100
200
300
400
500
600
2014 2015 2016 2017 2018 2019 2020
New Listings
Total YTD Total CY
74 68 78 95 7650
79
311 331 340
424371
346
0
100
200
300
400
500
2014 2015 2016 2017 2018 2019 2020
Closed Sales
Total YTD Total CY
291.5
242.5 251.5
310.0
252.8
291.5 285.0267.5
250.5 263.0284.0 278.0
296.5
$K
$100K
$200K
$300K
$400K
2014 2015 2016 2017 2018 2019 2020
Median Sales Price
Total YTD Total CY
313.7334.8
296.2
356.6321.1
382.3
307.3305.2 314.8 306.0333.8 326.4
367.0
$K
$100K
$200K
$300K
$400K
$500K
2014 2015 2016 2017 2018 2019 2020
Average Sales Price
Total YTD Total CY
221
130 129116 114 105
94
154
11595 100 104 94
0
50
100
150
200
250
2014 2015 2016 2017 2018 2019 2020
List to Close
Total YTD Total CY
119
76 82
63 64 6552
8569
55 51 49 47
0
50
100
150
2014 2015 2016 2017 2018 2019 2020
Days on Market Until Sale
Total YTD Total CY
97.9
96.395.5
96.5 96.2 96.295.7
97.2
95.796.6 96.4 96.6 96.7
90%
92%
94%
96%
98%
100%
2014 2015 2016 2017 2018 2019 2020
Percent of Original List Price Received
Total YTD Total CY
112
77
96
7685 90
61
97
7664 59
6558
0
20
40
60
80
100
120
2014 2015 2016 2017 2018 2019 2020
Cumulative Days on Market Until Sale
Total YTD Total CY
Data as of March 2020 Source: Canopy MLS pg. 6
DAVIDSON HOUSING MARKET
Davidson March Year to Date
Key Metrics 2019 2020
Percent
Change Thru 3-2019 Thru 3-2020
Percent
Change
New Listings 87 82 -5.7% 179 169 -5.6%
Pending Sales 54 60 11.1% 131 164 25.2%
Closed Sales 43 62 44.2% 89 128 43.8%
Median Sales Price* 325,000 392,950 20.9% 325,000 385,500 18.6%
Average Sales Price* 398,073 425,020 6.8% 397,617 433,285 9.0%
Percent of Original List Price Received* 95.9% 95.8% -0.1% 95.5% 95.2% -0.3%
List to Close 113 121 7.1% 115 127 10.4%
Days on Market Until Sale 51 76 49.0% 59 79 33.9%
Cumulative Days on Market Until Sale 80 85 6.3% 82 85 3.7%
Inventory of Homes for Sale 166 123 -25.9%
Months Supply of Inventory 4.1 2.5 -39.0%* Does not account for sale concessions and /or down payment assistance.
151 158 149 149 179 169
621585 607 639
738
0
200
400
600
800
2015 2016 2017 2018 2019 2020
New Listings
Total YTD Total CY
83 81 96 87 89128
459 461 456 470
537
0
100
200
300
400
500
600
2015 2016 2017 2018 2019 2020
Closed Sales
Total YTD Total CY
261.9
310.0283.0
337.5 325.0
385.5
297.0330.0 324.5
371.5 367.5
$K
$100K
$200K
$300K
$400K
$500K
2015 2016 2017 2018 2019 2020
Median Sales Price
Total YTD Total CY
351.4382.7 364.0
402.1 397.6433.3
361.0
409.0 402.5443.2 458.1
$K
$100K
$200K
$300K
$400K
$500K
2015 2016 2017 2018 2019 2020
Average Sales Price
Total YTD Total CY
182
159142 136
115127127 132
114 116 112
0
50
100
150
200
2015 2016 2017 2018 2019 2020
List to Close
Total YTD Total CY
10797
84 80
59
7977 7564 62 63
0
20
40
60
80
100
120
2015 2016 2017 2018 2019 2020
Days on Market Until Sale
Total YTD Total CY
95.8 95.596.5
95.3 95.5 95.295.7
96.5 96.696.0
95.0
90%
92%
94%
96%
98%
100%
2015 2016 2017 2018 2019 2020
Percent of Original List Price Received
Total YTD Total CY
126119
10286 82 85
94 9378 74 77
0
50
100
150
2015 2016 2017 2018 2019 2020
Cumulative Days on Market Until Sale
Total YTD Total CY
Data as of March 2020 Source: Canopy MLS pg. 7
MATTHEWS HOUSING MARKET
Matthews March Year to Date
Key Metrics 2019 2020
Percent
Change Thru 3-2019 Thru 3-2020
Percent
Change
New Listings 138 135 -2.2% 356 340 -4.5%
Pending Sales 129 103 -20.2% 283 306 8.1%
Closed Sales 78 101 29.5% 207 262 26.6%
Median Sales Price* 313,501 325,000 3.7% 299,900 310,000 3.4%
Average Sales Price* 358,070 369,134 3.1% 358,890 353,477 -1.5%
Percent of Original List Price Received* 97.5% 98.2% 0.7% 96.8% 97.4% 0.6%
List to Close 83 84 1.2% 89 92 3.4%
Days on Market Until Sale 35 34 -2.9% 41 41 0.0%
Cumulative Days on Market Until Sale 58 45 -22.4% 56 49 -12.5%
Inventory of Homes for Sale 171 123 -28.1%
Months Supply of Inventory 1.8 1.2 -33.3%* Does not account for sale concessions and /or down payment assistance.
359 329 356 340
1,5231,363
1,508
0
500
1,000
1,500
2,000
2017 2018 2019 2020
New Listings
Total YTD Total CY
209 199 207 262
1,2391,103
1,213
0
500
1,000
1,500
2017 2018 2019 2020
Closed Sales
Total YTD Total CY
272.2 280.0299.9 310.0
278.5295.0
310.0
$K
$100K
$200K
$300K
$400K
2017 2018 2019 2020
Median Sales Price
Total YTD Total CY
303.2323.7
358.9 353.5
315.3 325.2352.8
$K
$100K
$200K
$300K
$400K
2017 2018 2019 2020
Average Sales Price
Total YTD Total CY
9486 89 92
8277 77
0
20
40
60
80
100
2017 2018 2019 2020
List to Close
Total YTD Total CY
48
39 41 4136 34 32
0
10
20
30
40
50
60
2017 2018 2019 2020
Days on Market Until Sale
Total YTD Total CY
97.5 97.596.8
97.497.7 97.5 97.3
90%
92%
94%
96%
98%
100%
2017 2018 2019 2020
Percent of Original List Price Received
Total YTD Total CY
62 59 564946 43
39
0
20
40
60
80
2017 2018 2019 2020
Cumulative Days on Market Until Sale
Total YTD Total CY
Data as of March 2020 Source: Canopy MLS pg. 8
HUNTERSVILLE HOUSING MARKET
Huntersville March Year to Date
Key Metrics 2019 2020
Percent
Change Thru 3-2019 Thru 3-2020
Percent
Change
New Listings 203 187 -7.9% 495 449 -9.3%
Pending Sales 156 155 -0.6% 362 429 18.5%
Closed Sales 119 135 13.4% 275 321 16.7%
Median Sales Price* 315,000 329,500 4.6% 315,000 330,000 4.8%
Average Sales Price* 334,071 373,683 11.9% 333,228 377,413 13.3%
Percent of Original List Price Received* 96.8% 96.7% -0.1% 96.7% 96.4% -0.3%
List to Close 98 110 12.2% 103 112 8.7%
Days on Market Until Sale 53 62 17.0% 55 62 12.7%
Cumulative Days on Market Until Sale 69 80 15.9% 68 75 10.3%
Inventory of Homes for Sale 320 204 -36.3%
Months Supply of Inventory 2.4 1.4 -41.7%* Does not account for sale concessions and /or down payment assistance.
455 448554 502 495 449
1,7601,940
2,093 2,053 2,092
0
500
1,000
1,500
2,000
2,500
2015 2016 2017 2018 2019 2020
New Listings
Total YTD Total CY
283 232 320 312 275 321
1,4091,524
1,697 1,647 1,684
0
500
1,000
1,500
2,000
2015 2016 2017 2018 2019 2020
Closed Sales
Total YTD Total CY
251.5 242.5
285.0315.0 315.0
330.0
257.9 270.0296.5
313.0 320.0
$K
$100K
$200K
$300K
$400K
2015 2016 2017 2018 2019 2020
Median Sales Price
Total YTD Total CY
280.0263.3
313.5341.1 333.2
377.4
277.3 290.0320.0
339.2 341.2
$K
$100K
$200K
$300K
$400K
2015 2016 2017 2018 2019 2020
Average Sales Price
Total YTD Total CY
128
104 107 112103
112101
93 92 94 91
0
50
100
150
2015 2016 2017 2018 2019 2020
List to Close
Total YTD Total CY
6357
4855 55
62
5043
3943 45
0
20
40
60
80
2015 2016 2017 2018 2019 2020
Days on Market Until Sale
Total YTD Total CY
97.096.1
97.997.0 96.7 96.496.6
97.197.9
97.396.6
90%
92%
94%
96%
98%
100%
2015 2016 2017 2018 2019 2020
Percent of Original List Price Received
Total YTD Total CY
7670
5562
6875
61
51 48 51 54
0
20
40
60
80
2015 2016 2017 2018 2019 2020
Cumulative Days on Market Until Sale
Total YTD Total CY
Data as of March 2020 Source: Canopy MLS pg. 9
LAKE NORMAN HOUSING MARKET
Lake Norman March Year to Date
Key Metrics 2019 2020
Percent
Change Thru 3-2019 Thru 3-2020
Percent
Change
New Listings 348 312 -10.3% 820 750 -8.5%
Pending Sales 207 189 -8.7% 563 571 1.4%
Closed Sales 187 202 8.0% 442 476 7.7%
Median Sales Price* 337,000 377,500 12.0% 349,500 380,000 8.7%
Average Sales Price* 413,857 524,109 26.6% 443,826 525,584 18.4%
Percent of Original List Price Received* 95.7% 97.1% 1.5% 95.0% 95.8% 0.8%
List to Close 131 122 -6.9% 135 130 -3.7%
Days on Market Until Sale 78 70 -10.3% 77 77 0.0%
Cumulative Days on Market Until Sale 95 89 -6.3% 96 98 2.1%
Inventory of Homes for Sale 890 624 -29.9%
Months Supply of Inventory 4.5 3.0 -33.3%* Does not account for sale concessions and /or down payment assistance.
795 771 813 903 844 820 750
3,060 2,929 3,0593,283 3,359
3,177
0
1,000
2,000
3,000
4,000
2014 2015 2016 2017 2018 2019 2020
New Listings
Total YTD Total CY
254 333 337 408 421 442 476
1,7201,878 2,009
2,301 2,2932,496
0
500
1,000
1,500
2,000
2,500
3,000
2014 2015 2016 2017 2018 2019 2020
Closed Sales
Total YTD Total CY
361.3
307.0 316.0
375.0 358.5 349.5380.0
346.1 342.8365.0 375.4 387.5 380.5
$K
$100K
$200K
$300K
$400K
$500K
2014 2015 2016 2017 2018 2019 2020
Median Sales Price
Total YTD Total CY
451.4
394.8430.4
469.7 465.4 443.8
525.6
454.4 438.3470.2 480.0
506.2 501.9
$K
$100K
$200K
$300K
$400K
$500K
$600K
2014 2015 2016 2017 2018 2019 2020
Average Sales Price
Total YTD Total CY
171159 157
140 144135 130
145 142 136 133 126 124
0
50
100
150
200
2014 2015 2016 2017 2018 2019 2020
List to Close
Total YTD Total CY
129
100 9583 86
77 77
9989
82 77 73 70
0
50
100
150
2014 2015 2016 2017 2018 2019 2020
Days on Market Until Sale
Total YTD Total CY
92.693.6
94.395.2 95.6
95.095.8
93.8 94.294.7
95.3 95.7 95.4
90%
92%
94%
96%
98%
100%
2014 2015 2016 2017 2018 2019 2020
Percent of Original List Price Received
Total YTD Total CY
160
122 120102 105
96 98
132114
103 96 92 92
0
50
100
150
200
2014 2015 2016 2017 2018 2019 2020
Cumulative Days on Market Until Sale
Total YTD Total CY
Data as of March 2020 Source: Canopy MLS pg. 10
COMBINED STATISTICAL GRAPHS I
0
1,000
2,000
3,000
4,000
5,000
6,000
MecklenburgCounty
City ofCharlotte
UptownCharlotte
Davidson Matthews Huntersville Lake Norman
Pending Sales Year-to-date
2013 2014 2015 2016 2017 2018 2019 2020
0
500
1,000
1,500
2,000
2,500
MecklenburgCounty
City ofCharlotte
UptownCharlotte
Davidson Matthews Huntersville Lake Norman
Pending Sales for the month of March
2013 2014 2015 2016 2017 2018 2019 2020
0
500
1,000
1,500
2,000
2,500
3,000
MecklenburgCounty
City ofCharlotte
UptownCharlotte
Davidson Matthews Huntersville Lake Norman
New Listings for the month of March
2013 2014 2015 2016 2017 2018 2019 2020
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
MecklenburgCounty
City ofCharlotte
UptownCharlotte
Davidson Matthews Huntersville Lake Norman
New Listings Year-to-date
2013 2014 2015 2016 2017 2018 2019 2020
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
MecklenburgCounty
City ofCharlotte
UptownCharlotte
Davidson Matthews Huntersville Lake Norman
Closed Sales Year-to-date
2013 2014 2015 2016 2017 2018 2019 2020
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
MecklenburgCounty
City ofCharlotte
UptownCharlotte
Davidson Matthews Huntersville Lake Norman
Closed Sales for the month of March
2013 2014 2015 2016 2017 2018 2019 2020
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
MecklenburgCounty
City ofCharlotte
UptownCharlotte
Davidson Matthews Huntersville Lake Norman
Median Sales Price Year-to-date
2013 2014 2015 2016 2017 2018 2019 2020
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
MecklenburgCounty
City ofCharlotte
UptownCharlotte
Davidson Matthews Huntersville Lake Norman
Median Sales Price for the month of March
2013 2014 2015 2016 2017 2018 2019 2020
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
MecklenburgCounty
City ofCharlotte
UptownCharlotte
Davidson Matthews Huntersville Lake Norman
Average Sales Price Year-to-date
2013 2014 2015 2016 2017 2018 2019 2020
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
MecklenburgCounty
City ofCharlotte
UptownCharlotte
Davidson Matthews Huntersville Lake Norman
Average Sales Price for the month of March
2013 2014 2015 2016 2017 2018 2019 2020
Data as of March 2020 Source: Canopy MLS pg. 11
COMBINED STATISTICAL GRAPHS II
90%
91%
92%
93%
94%
95%
96%
97%
98%
99%
MecklenburgCounty
City ofCharlotte
UptownCharlotte
Davidson Matthews Huntersville Lake Norman
Percent of Original List Price Received for the month of March
2013 2014 2015 2016 2017 2018 2019 2020
90%
91%
92%
93%
94%
95%
96%
97%
98%
99%
100%
MecklenburgCounty
City ofCharlotte
UptownCharlotte
Davidson Matthews Huntersville Lake Norman
Percent of Original List Price Received Year-to-date
2013 2014 2015 2016 2017 2018 2019 2020
0
50
100
150
200
250
MecklenburgCounty
City ofCharlotte
UptownCharlotte
Davidson Matthews Huntersville Lake Norman
List to Close Year-to-date
2013 2014 2015 2016 2017 2018 2019 2020
0
50
100
150
200
250
300
MecklenburgCounty
City ofCharlotte
UptownCharlotte
Davidson Matthews Huntersville Lake Norman
List to Close for the month of March
2013 2014 2015 2016 2017 2018 2019 2020
0
20
40
60
80
100
120
140
MecklenburgCounty
City ofCharlotte
UptownCharlotte
Davidson Matthews Huntersville Lake Norman
Days on Market Until Sale Year-to-date
2013 2014 2015 2016 2017 2018 2019 2020
0
20
40
60
80
100
120
140
160
MecklenburgCounty
City ofCharlotte
UptownCharlotte
Davidson Matthews Huntersville Lake Norman
Days on Market Until Sale for the month of March
2013 2014 2015 2016 2017 2018 2019 2020
0
20
40
60
80
100
120
140
160
180
MecklenburgCounty
City ofCharlotte
UptownCharlotte
Davidson Matthews Huntersville Lake Norman
Cumulative Days on Market Until Sale Year-to-date
2013 2014 2015 2016 2017 2018 2019 2020
0
20
40
60
80
100
120
140
160
180
MecklenburgCounty
City ofCharlotte
UptownCharlotte
Davidson Matthews Huntersville Lake Norman
Cumulative Days on Market Until Sale for the month of March
2013 2014 2015 2016 2017 2018 2019 2020
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
MecklenburgCounty
City ofCharlotte
UptownCharlotte
Davidson Matthews Huntersville Lake Norman
Inventory of Homes for Sale for the month of March
2013 2014 2015 2016 2017 2018 2019 2020
0
1
2
3
4
5
6
7
8
9
MecklenburgCounty
City ofCharlotte
UptownCharlotte
Davidson Matthews Huntersville Lake Norman
Months Supply of Inventory for the month of March
2013 2014 2015 2016 2017 2018 2019 2020