These August statistics prove what we already know: the market is hot, hot, HOT and inventory is low, low, LOW!

August was a robust month in the Charlotte Regional Multiple Listing area.

The following graphics show a dearth of listings and a disproportionate amount of buyers – resulting in an inventory shortage and rising prices. Many of the market segments I follow have extremely low inventory: a 6 month supply of homes is considered balanced and it is not uncommon to see only a 1.2 months of supply in many areas in Charlotte Regional Multiple Listing Area. The trend of prices being up year-over-year and days on market down continues.

Waxhaw:

Region as a whole:

York County:

Fort Mill:

Matthews:

Denver:

Mooresville:

Lancaster County:

Inventory by Price Range, Bedrooms, Property Type: