Charlotte luxury homes market in May 2022 saw continued demand for luxury homes, keeping it a seller’s market year-to-date. Sellers continued to receive a higher list to sale price, while the months supply of inventory remained flat at 2.5 months. Homes sold quickly with median days on market just three days.
Memorial Day is so much more than pool parties and barbecues. Take a moment today to give thanks and say a prayer for all who have fallen and their families. Teach your children what Memorial Day is all about. Cultivate the next generation of patriots. We are uniquely free in the United States of America because there have been many throughout our history who were willing to sacrifice their lives to protect our freedom. As someone said, “we don’t know them all, but we owe them all.” Let us observe this Memorial Day in memory of many and in honor of all. Thank you to all who have sacrificed for our freedom. Thank you to God that heroes like you have lived.
Charlotte Region real estate market in April 2022 saw home sales drop 10.8% year-over-year and home prices increase 18.7%, on average. Lack of inventory limited sales momentum with demand for homes continuing to outpace the supply of homes. Year-over-year, days on market dropped 23.8% in April 2022. The months supply of homes and overall inventory were also down year-over-year. All this kept the Charlotte region a home seller’s market in April 2022 with home affordability decreasing 22.5% year-over-year and 22.6% year-to-date.
Charlotte has been one of the most popular cities for retirees to move to for some years now and the number of 55+ adults moving to the Queen City continues to increase. Forbe’s 2022 List of Best Places To Retire lists Charlotte as a top 25 best city to retire in. SmartAsset.com lists Charlotte as a top 10 city where retirees are moving. Charlotte is now the 7th fastest growing large U.S. metro area.
Tega Cay, South Carolina remained a home seller’s market in April 2022. Tega Cay’s housing market experienced significantly lower inventory levels, which dropped more than 51% . The months supply of inventory was just 0.5 months. Buyer demand for Tega Cay homes continued to outstrip supply of homes increasing home prices to new record highs. Buyer demand and lack of supply of homes show no signs of easing up in Tega Cay.
Fort Mill’s housing market (29715 and 29708 zip codes) remained a home seller’s market in April 2022, setting new records for home prices. Lower inventory and months supply of housing, higher sale prices, higher list to sale price ratios, fewer sales all characterized the Fort Mill seller’s market in April. Buyer demand for homes in Fort Mill has not abated despite the lack of inventory and increasing interest rates.
Indian Trail remained a home seller’s market in April 2022 with both average and median home sale prices increasing 30.1% and 27.5%, respectively, over April 2021. Pending sales were up, although closed sales were down despite an increase in new listings. Inventory was down 24.1% year-over-year, also despite an increase in new listings. Home sellers saw 102.2% of list price in final sale price in April.