Look for exciting news at Scot Williams Realty, LLC. Scot Williams and Ann Holladay have partnered, together bringing 50 years of experience to Charlotte’s continuously growing market!
Ann has long been one of Charlotte’s most productive and trusted home resale Brokers. Adding her experience to Scot Williams’ resale, condo, and development experience- WOW what a duo. Together, they expect great things in what looks to be a fantastic 2018 market. This quarter as we finalize name change plans that more accurately reflect our new partnership; expect some re-branding, work on an updated, more mobile friendly website, and quite possibly some new faces!
August/ September 2017 brought a slight cooling to our local real estate markets, typical activity for this time of year, as family focus changed from vacationing to back to school. From key metrics reporting provided by Charlotte Regional Realtor* Association:
Closings were down 3.8% in August and down 3.9% in September year over year, but they are still up 6.1% year over year in 2017. Median sales prices were up 9.2% and inventory was down -17.5%. With inventory down, interest rates and tax policy unchanged, Buyers and Sellers can expect more price acceleration in 2018.
From the Charlotte Regional Realtor* Association:
August 17′ vs August 16′ Sept. 2017 YTD change
New Listings +6.0% +3.3% +4.9%
Pending Sales +15.5% +16.4% +6.8%
Closed Sales -3.8% -3.9% +6.1%
Average Sales Price +1% +6.1% +6.0%
Median sales Price +5% +9.2% +10%
Inventory of Homes -18.6% -17.5%
The Case-Shiller Home Price Index showed similar results nationwide in August. The National Price Index increased 5.8% nationwide, and 6.4% over the previous 12 month period in the Charlotte Census Division.