CHARLOTTE, N.C. — With a sellers' market holding steady in the Charlotte metro, homebuyers are apt to ponder how far their dollars will go when purchasing a local home in today's climate.
The Charlotte Business Journal seeks to answer that question by looking at the local housing market at various price points, first focusing on the $300,000 range. To do so, CBJ is using Canopy MLS data provided by the Charlotte Regional Realtor Association, providing a visual into homes currently listed for sale and adding commentary from local brokers.
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Data from Canopy MLS reveals that Charlotte's housing inventory remains tight in the $250,000 to $350,000 range. As of August, the stock of existing single-family homes, condominiums and townhouses totaled 3,028 -- just 15 more properties than a year ago. That leaves about a 2.5-month supply of homes in that price bracket, which is down from a 2.8-month supply in August 2018.
And that's despite an annual increase of 12.5% in the count of new listings, totaling 11,762.
Read more of CBJ's market snapshot here and check out photos of homes in the $300,000 price range.
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