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Market Report Update: Mecklenburg County's July 2019 Stats

by Mayes Harris Team

It is time once again to take a look back at yet another page on the calendar. This month we begin by reviewing Mecklenburg County's July 2019 Stats.

Let's dive a little farther than this starting with the Median Sales Price in July. If we look back at 2017, we see a median sales price of $264.900. The following year, 2018, that price increased by +3.4 percent to $274,000. In 2019, we increased again by +11.3 percent to a median sales price of $305,000 in Mecklenburg County.

Next, we are going to review the number of New Listings that came on the market in Mecklenburg County in July. We start with 2 years ago, 2017, and see that there were 1,764 new homes that came on the market. The following year, 2018, there was a decrease of -3.7 percent with 1,698 new homes coming on the market. This year, 2019, there was a slight increase of -+1.0 percent with only 1,715 homes coming on the market.

The next statistic we will review is the July Median Days on Market. Starting in 2017, we saw 8 median days on the market and then the following year, 2018, we increased by +12.5 percent to 9 median days on the market. In 2019, we increased by +33.3 percent to 12 median days on the market.

So there you have it. A quick overview of what is happening in our local market of Mecklenburg County. If you have questions or need real estate assistance than please reach out to us. We would love to help you!!

Market Report Update: Mecklenburg County's June 2019 Stats

by Mayes Harris Team

It is time once again to take a look back at yet another page on the calendar. This month we begin by reviewing Mecklenburg County's June 2019 Stats.

Let's dive a little farther than this starting with the Median Sales Price in June. If we look back at 2017, we see a median sales price of $274,500. The following year, 2018, that price increased by +2.0 percent to $280,000. In 2019, we increased again by +10.0 percent to a median sales price of $308,000 in Mecklenburg County.

Next, we are going to review the number of New Listings that came on the market in Mecklenburg County in June. We start with 2 years ago, 2017, and see that there were 1,857 new homes that came on the market. The following year, 2018, there was an increase of +0.8 percent with 1,872 new homes coming on the market. This year, 2019, there was a decrease of -4.5 percent with only 1,787 homes coming on the market.

The next statistic we will review is the June Median Days on Market. Starting in 2017, we saw 7 median days on the market and then the following year, 2018, we stayed the same with again 7 median days on the market. In 2019, we increased by +14.3 percent to 8 median days on the market.

So there you have it. A quick overview of what is happening in our local market of Mecklenburg County. If you have questions or need real estate assistance than please reach out to us. We would love to help you!!

Market Report Update: Mecklenburg County's May 2019 Stats

by Mayes Harris Team

It is time once again to take a look back at yet another page on the calendar. This month we begin by reviewing Mecklenburg County's May 2019 Stats.

Let's get started with the Median Sales Price in May. If we look back at 2017, we see a median sales price of $259,000. The following year, 2018, that price increased by +10.8 percent to $287,000. In 2019, we increased again by +3.5 percent to a median sales price of $297,000 in Mecklenburg County.

Next, we are going to review the number of New Listings that came on the market in Mecklenburg County in May. We start with 2 years ago, 2017, and see that there were 2,038 new homes that came on the market. The following year, 2018, there was an increase of 1.8 percent with 2,074 new homes coming on the market. This year, 2019, there was another increase of 3.2 percent with 2,141 homes coming on the market.

The next statistic we will review is the May Median Days on Market. Starting in 2017, we saw 6 median days on the market and then the following year, 2018, we saw an increase of 16.7 percent with 7 median days on the market. In 2019, we increased by 28.6 percent to 9 median days on the market.

So there you have it. A quick overview of what is happening in our local market of Mecklenburg County. If you have questions or need real estate assistance than please reach out to us. We would love to help you!!

Market Report Update: Mecklenburg County's April 2019 Stats

by Mayes Harris Team

It is time once again to take a look back at yet another page on the calendar. This month we begin by reviewing Mecklenburg County's April 2019 Stats.

Let's get started with the Median Sales Price in April. If we look back at 2017, we see a median sales price of $330,296. The following year, 2018, that price increased by +10.1 percent to $363.784. In 2019, we increased again by +2.4 percent to a median sales price of $372,512 in Mecklenburg County.

Next, we are going to review the number of New Listings that came on the market in Mecklenburg County in April. We start with 2 years ago, 2017, and see that there were 1,953 new homes that came on the market. The following year, 2018, there was a decrease of -3.5 percent with1,884 new homes coming on the market. In 2019, there was a slight increase of+2.7 percent with 1,934 new homes coming on the market.

The next statistic we will review is the April Median Days on Market. Starting in 2017, we saw 6 median days on the market and then the following year, 2018, we saw an increase of -16.7 percent with 7 median days on the market. In 2019, we increased to 11 median days on the market.

So there you have it. A quick overview of what is happening in our local market of Mecklenburg County. If you have questions or need real estate assistance than please reach out to us. We would love to help you!!

Market Report Update: Mecklenburg County's March 2019 Stats

by Mayes Harris Team

It is time once again to take a look back at yet another page on the calendar. This month we begin by reviewing Mecklenburg County's March 2019 Stats.

Let's get started with the Median Sales Price in March. If we look back at 2017, we see a median sales price of $260,000. The following year, 2018, that price increased by +5.8 percent to $275,000. In 2019, we increased again by +2.7 percent to a median sales price of $282.495 in Mecklenburg County. 

Next, we are going to review the number of New Listings that came on the market in Mecklenburg County in March. We start with 2 years ago, 2017, and see that there were 2,119 new homes that came on the market. The following year, 2018, there was a decrease of -3.7 percent with 2,040 new homes coming on the market. In 2019, there was a further decrease of -9.1 percent with 1,854 new homes coming on the market.

The next statistic we will review is the March Median Days on Market. Starting in 2017, we saw 8 median days on the market and then the following year, 2018, we saw a decrease of -12.5 percent with 7 median days on the market. In 2019, we increased to 16 median days on the market. 

So there you have it. A quick overview of what is happening in our local market of Mecklenburg County. If you have questions or need real estate assistance than please reach out to us. We would love to help you!!

MARKET REPORT UPDATE: MECKLENBURG COUNTY'S FEBRUARY 2019 STATS

by Mayes Harris Team

Another page on the calendar has changed and that means it is time for another real estate market update. This month we begin by reviewing Mecklenburg County's February 2019 Stats!

Let's get started with the Median Sales Price in February. If we look back at 2017, we see a median sales price of $235,575. The following year, 2018, that price increased by +14.6 percent to $270,000. In 2019, we came down slightly by -2.8 percent to having a median sales price of $262.500 in Mecklenburg County. More than 2 years ago, but slightly lower than 1 year ago. 

Next, we are going to review the number of New Listings that came on the market in Mecklenburg County in February. We start with 2 years ago, 2017, and see that there were 1,592 new homes that came on the market. The following year, 2018, there was a decrease of -12.5 percent with 1,393 new homes coming on the market. In 2019, however, there was an increase of +4.2 percent with 1,451 new homes coming on the market. 

 

Next statistic we will review is the February Median Days on Market. Starting in 2017, we saw 14 median days on market and then the following year, 2018, we saw a decrease of -21.4 percent with 11 median days on market. In 2019, we increased to 23 median days on the market. 

So there you have it. A quick overview of what is happening in our local market of Mecklenburg County. If you have questions or need real estate assistance than please reach out to us. We would love to help you!!

MARKET REPORT UPDATE: MOORESVILLE'S JANUARY 2019 STATS

by Mayes Harris Team

This week we are focusing on the City of Mooresville and we are starting with the Median Sales Price for this area doing a year-over-year comparison. In 2017, the January Median Sales Price was $305,000. In 2018, that dropped by -4.9 percent to $290,000 and then in 2019, we dropped slightly by -1.4 percent to $286,000.

Next, we will take a look at the number of New Listings that came on the market in the City of Mooresville in January. We start with 2 years ago, in 2017, where we see that there were 155 new homes added to the market. In 2018, that number decreased by -9.7 percent to 140 new Listings. In 2019, we increased by +40.0 percent to 196 new Listings. 

The last statistic we will review is the January Median Days on Market. Starting in 2017, we saw 47 median days on market in January. In 2018, that number increased by +4.3 percent to 49 and in 2019, the median days on market decreased by -32.7 percent to 33 days. Quite a decrease!

 

So there you have it. A quick overview of what is happening in our local market of Davidson. If you have questions or need real estate assistance than please reach out to us. We would love to help you!!

MARKET REPORT UPDATE: MECKLENBURG COUNTY'S JANUARY 2019 STATS

by Mayes Harris Team

It has been a while since I sat down and reviewed the market statistics. We've entered a new year and so it is time. Let's review Mecklenburg County's January 2019 Stats!

Let's get started with the Median Sales Price in January. If we look back at 2017, we see a median sales price of $236,000. The following year, 2018, that price increased by +8.1 percent to $255,000. In 2019, we came down by -2.0 percent to having a median sales price of $250,000 in Mecklenburg County. More than 2 years ago, but slightly lower than 1 year ago. 


Next, we are going to review the number of New Listings that came on the market in Mecklenburg County in January. We start with 2 years ago, 2017, and see that there were 1,252 new homes that came on the market. The following year, 2018, there was a slight decrease of -2.6 percent of 1,220 new homes coming on the market. In 2019, however, there was an increase of +13.4 percent with 1,383 new homes coming on the market. Not a huge increase, but definitely more homes than in both 2017 and 2018.

Next statistic we will review is the January Median Days on Market. Starting in 2017, we saw 18 median days on market and then the following year, 2018, we saw a slight decrease of -16.7 percent with 15 median days on market. In 2019, we increased by +66.7 percent to median days on the market of 25

So there you have it. A quick overview of what is happening in our local market of Mecklenburg County. If you have questions or need real estate assistance than please reach out to us. We would love to help you!!

Market Report October Update: Mecklenburg County

by Mayes Harris Team

Time to do a quick review of the real estate market in Mecklenburg County for October of 2018. Hard to believe we are nearing the end of yet another year. It went fast, didn't it?!

Let's take a look at the summary of a year-over-year comparison for real estate activity in Mecklenburg County starting with October's new Listings. There were 1,958 new Listings in October 2018, which was an 8.1 percent increase from October 2017 where there were 1,811 new Listings.

The median sales price was $250,000 in October 2018, which was a 7.3 percent increase from October 2017, where it was $233,000.

The days on market until sale increased by 6.5 percent to 33 days in October 2018. In the year previous, October 2017, it was 31 days on market until sale.

Here's a nice visual graph which shows a good summarization of year over year changes for Mecklenburg County. New Listings up 8.1 percent, closed sales down 13.6 percent, median sales price up 7.3 percent and months supply of homes increased by 5 percent.

The median sales price chart below shows the direction of the market in an upward motion from 2013 onward. 

If you would like to discuss listing your home or anything about the local real estate market, don't hesitate to reach out. That's what we're here for. 

September Real Estate Market Update - Davidson, NC

by Mayes Harris Team

We are starting off the review of the Davidson Market for September with homes for sale. If you look at the visual below you will see that in 2016, there were 115 homes for sale and that number increased by 3.5 percent in 2017, to 119 homes for sale. In 2018, we further increased the number of homes for sale in September by 8.4 percent to 129 homes for sale.

The next graph is the median sales price. In 2016, the median sales price was $436,752 and that number actually decreased by 22.3 percent the following year, 2017, to $339,250. In 2018, however, the median sales price increased by 37.2 percent to $465,305! That was more than both 2016 and 2017!

Next, the median list to close days shows us how many days on the market the property was from the time it was listed until the time it closed. In 2016, and 2017, the time was very similar and only varied by 1 day. In 2018, the list to close days was increased by 20.8 percent to 93 days. 

The next visual is very interesting and this shows the median showings to pending. As you can see, in 2016, it was 15 showings and in 2017, it was 17 showings. We jumped up to 21 showings in 2018, which was a 23.5 percent increase from 2017.

Our last visual is of the September Median  Percent of Original Price - AVERAGE. In 2016, it was 97.8 percent of the original price and in 2017, that number decreased slightly by .2 percent to 97.6 percent of the original price. In 2018, another slight decrease from the previous year of 3.4 percent to 94.3 percent of the list price. Remember the sales price increased in 2018, by 37.2 percent and so that makes a huge difference!! 

Hopefully, this overview will help you decide if now is the right time to put your home on the market. Please contact me if you have questions or need assistance.

Displaying blog entries 1-10 of 17

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