For Week Ending December 24, 2016

Data current as of January 2, 2017

As we look toward 2017, the entirety of the U.S. housing market has neverbeen worth as much as it is right now. Housing stock value grew to $29.6trillion in 2016, regaining all of the value that was lost during the last recession.An upward trend in mortgage rates, mortgage credit and new construction areall common predictions for 2017.

In the Charlotte region, for the week ending December 24:

• New Listings increased 15.9% to 400

• Pending Sales increased 82.0% to 659

• Inventory decreased 22.5% to 9,706

For the month of November:

Metrics by Month

• Median Sales Price increased 7.7% to $210,000
• List to Close decreased 11.2% to 103
• Percent of Original List Price Received increased 1.3% to 96.2%• Months Supply of Homes for Sale decreased 27.6% to 2.7

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