Charlotte Region Real Estate: July 2022

Charlotte Region Home Sales July 2022

Charlotte Region real estate in July 2022 saw home sales drop 21.5% year-over-year, while home prices increased 15.4%, on average. Median home sale prices set a new record. Sales dropped for a seventh consecutive month due to higher home prices, increasing interest rates, and low inventory. In July the days on market remained low at 15 days and were two days lower year-over-year. The months supply of homes, while increasing, stood at 1.4 months, keeping Charlotte in “home seller territory,” despite an increase in inventory overall. With a list to sale price ratio of 100.3%, buyers were still willing to purchase a home at a premium price.

Tega Cay Real Estate July 2022

Tega Cay, SC Real Estate Update For July 2022

Tega Cay real estate July 2022 kept home sellers in the driver’s seat. Tega Cay’s housing market saw higher home prices, lower inventory, fewer days on market, and fewer new listings. At 1.2 months of housing inventory Tega Cay remained a seller’s market. Pending and closed sales were down.

Fort Mill Real Estate July 2022

Fort Mill, SC Real Estate Report for July 2022

Fort Mill real estate in July 2022 (29715 and 29708 zip codes) remained a home seller’s market with higher home sale prices, months supply of inventory at 1.4 months and new listings down. Homes sold in 7 days, on average. Sellers received a median list to sale price of 101.4%.

Indian Land Real Estate July 2022

Indian Land/29707 Zip Code Real Estate Report July 2022

Indian Land real estate July 2022 saw new sale price records for homes, increasing 26.9% year-over-year. Months supply of homes remained low at 1.3 months. New listings decreased 23.8%, despite an increase in new construction inventory. Closed and pending home sales both decreased in the month of July in Indian Land, South Carolina. Home sold quickly — in 11 days on average.

Indian Trail Real Estate: July 2022

Indian Trail, NC area/28079 Zip Code Real Estate Report July 2022

Indian Trail real estate in July 2022 remained a home seller’s market with both average and median home sale prices increasing year-over-year and days on market decreasing. Home buyers pulled back in July with closed and pending sales dropping and housing inventory substantially increasing. However, with home sellers receiving a median 101.6% of list price in sale price, still not much room for buyers to negotiate on price.

Matthews Real Estate Report: July 2022

Matthews/28105 Zip Code Home Sales Update For July 2022

Matthews real estate market remained a home seller’s market in July 2022. Tight inventory and fewer new listings increased average and median home prices by double digits and set record highs for home prices. Sellers continued to receive over 100% in median list to sale price. Days on market remained low.

Waxhaw Real Estate Report: July 2022

Waxhaw Area/28173 Zip Code Home Sales Update For July 2022

Waxhaw area real estate market kept home sellers in the driver’s seat in July with average home sale prices setting a new record high. Median home prices in Weddington and Marvin exceeded $1 million in July. At the same time, we saw a seventh consecutive month of lower closed sales indicating buyers are taking a step back, due to a combination of higher home prices and interest rates. Nonetheless, the months supply of inventory remained in seller “territory” at 1.6 months in July.

Ballantyne Real Estate Report: July 2022

Ballantyne/28277 Zip Code Home Sales Report July 2022

Ballantyne real estate market continued to favor home sellers in July 2022 with higher home prices and months supply of inventory at just over one month. Homes continued to sell quickly. Sellers saw 101.5% of list price in final sale price. Closed and pending sales were down, however, most likely due to buyers pulling back in the face of interest rate increases. The “feeding frenzy” of summer 2021 seems to have come to an end in Ballantyne.

Luxury Homes Market Charlotte Region: July 2022

Search For Luxury Homes In Charlotte Region

Charlotte luxury homes market in July 2022 saw continued demand for luxury homes with both pending and closed sales up year-over-year. Despite an increase in inventory and new listings, sellers received a higher list to sale price ratio with average and median home sale prices increasing year-over-year and days on market decreasing. Closed and pending sales decreased from June 2022, but median home sale prices decreased negligibly by just over $1,400.

Tega Cay Real Estate June 2022

Tega Cay, SC Real Estate Update June 2022

Tega Cay real estate June 2022 kept home sellers in the drivers seat. Tega Cay’s housing market experienced lower inventory levels, which dropped year-over-year . The months supply of inventory was just 1.3 months. Home prices increased in June, days on market decreased. Closed sales were flat year-over-year, but pending sales were down.