2019 is shaping up to be another great year for the Queen City, which has seen steady economic growth ever since we turned the tide on last decade’s devastating recession.
According to the Carolina Regional Realtor Association, we’ve seen our median home price increase by over 38% from a low of around $160,000 in 2012 to over $260,000 today.
We’ve used the median home price data instead of average home prices so as to limit the effect of extremely high or low priced homes around our city.
When breaking down the Charlotte region by smaller markets, we found that most neighborhoods saw an increase since last July, with the biggest increases being seen around Center City.
Uptown Charlotte saw the biggest year-over-year median home price increase at a whopping 39.8%
On the other side of the spectrum, the town of Monroe saw the biggest decrease, with a year-over-year median home price decrease of -6.6%;
The lakes saw stagnation and moderate declines over the past year, with Lake Norman seeing a 0.0% change over the past year and a -0.6% change since the first of this year, and Lake Wylie seeing a -1.2% change over the past year and a -2.4% change since the first of this year.
You can see the data for the rest of the Charlotte market on the Carolina Regional Realtor Association’s full report here.
What do you think about Charlotte’s current real estate market?