Charlotte Region Real Estate: December 2022

Charlotte Region Housing Market Snapshot For December 2022

Charlotte Region real estate in December 2022 saw home sales drop 37.7% year-over-year, while home prices increased 7.3%, on average. Sales dropped for a 12th consecutive month due to higher home prices, increasing interest rates, and fewer new listings. Homes sold in 41 days, on average. The months supply of homes, while increasing, remained below two months at 1.6 months, keeping Charlotte in “home seller territory.” Home affordability continues to suffer.

Fort Mill Real Estate December 2022

Fort Mill, SC Real Estate Report For December 2022

Fort Mill real estate in December 2022 (29715 and 29708 zip codes) saw higher average home prices compared with December 2021, but slightly lower prices month-over-month. Median home prices up year-over-year and month-over-month. Still a low months supply of inventory at 1.3months, although increasing year-over-year. New listings down for a seventh consecutive month. List to sale ratio of 96.9% at lowest level since December 2020.

Luxury Homes Market Charlotte Region: December 2022

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Luxury homes market in Charlotte region saw closed and pending sales down year-over-year. However, closed sales were up month-over-month. Months supply of homes stood at 2.5 months in December and new listings were down significantly. List to sale price ratio continued to drop providing luxury home buyers an opportunity to negotiate on price.

Charlotte Region Real Estate: November 2022

Housing Market Overview For The Charlotte Region November 2022

Charlotte Region real estate in November 2022 saw home sales drop 35.9% year-over-year, while home prices increased 8.6%, on average. Sales dropped for an 11th consecutive month due to higher home prices, increasing interest rates, and fewer new listings. Homes sold in 34 days, on average. The months supply of homes, while increasing, remained below two months, keeping Charlotte in “home seller territory.” Home affordability is suffering.

Fort Mill Real Estate November 2022

Fort Mill, SC Real Estate Report November 2022

Fort Mill real estate in November 2022 (29715 and 29708 zip codes) saw higher home prices compared with November 2021, but lower prices month-over-month. Still a low months supply of inventory at 1.6 months, although increasing year-over-year. New listings down for a sixth consecutive month. List to sale ratio of 97.5% at lowest level since December 2020.

Luxury Homes Market Charlotte Region: November 2022

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Luxury homes market in Charlotte region continued to readjust to market shifts in recent months. Closed and pending sales were down year-over-year and month-over-month. Months supply of homes stood at 3 months in November. List to sale price ratio continued to drop providing luxury home buyers an opportunity to negotiate on price.

Charlotte Region Real Estate: October 2022

Charlotte Region Housing Market Overview For October 2022

Charlotte Region real estate in October 2022 saw home sales drop 29.9% year-over-year, while home prices increased 18.1%, on average. Sales dropped for a 10th consecutive month due to higher home prices, increasing interest rates, and fewer new listings. Homes sold in under one month, on average. The months supply of homes, while increasing, stood at 1.8 months, keeping Charlotte in “home seller territory,” and despite an increase in inventory overall. Home affordability is suffering.

Fort Mill Real Estate October 2022

Fort Mill, SC Home Sales Update October 2022

Fort Mill real estate in October 2022 (29715 and 29708 zip codes) saw higher home sale prices, on average, year-over-year and month-over-month. Still a low months supply of inventory at 1.6 months, although increasing year-over-year . New listings down for a fifth consecutive month. List to sale ratio below 100% for the first time since December 2020.

Luxury Homes Market Charlotte Region: October 2022

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Charlotte luxury homes market in October 2022 continued to see solid demand for luxury homes with closed sales up year-over-year. Average and median sale prices were up year-over-year and month-over-month. Days on market were down. Inventory and new listings were up year-over-year, but new listings were down from September 2022.

Charlotte Region Real Estate: September 2022

Charlotte Region Housing Market September 2022

Charlotte Region real estate in September 2022 saw home sales drop 20.8% year-over-year, while home prices increased 16.1%, on average. Sales dropped for an ninth consecutive month due to higher home prices, increasing interest rates, and fewer new listings. Homes sold in 22 days, on average. The months supply of homes, while increasing, stood at 1.6 months, keeping Charlotte in “home seller territory,” despite an increase in inventory overall. Home affordability is suffering.