Charlotte Region Real Estate Report: April 2022

Charlotte Region Housing Market Overview April 2022

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.

Fort Mill Real Estate Report: April 2022

Fort Mill, SC Home Sales Update For April 2022

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.

Luxury Homes Market Report For Charlotte Region: April 2022

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Charlotte luxury homes market in April 2022 saw continued demand for luxury homes with both median and average sale prices increasing year-over-year. Average and median days on market were down significantly year-over-year. Although new listings increased, inventory was down year-over-year and the months supply of homes was also down year-over-year. Homes sold as quickly as they came on the market. With just 2.1 months of inventory, the luxury segment of Charlotte’s housing market remained a seller’s market in the month of April.

Charlotte Region Real Estate Report: March 2022

Charlotte Region Housing Market Update For March 2022

Charlotte Region real estate market in March 2022 saw home sales drop 10.2% year-over-year and home prices increase 15.6%, 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 20% in March 2022. The months supply of homes and overall inventory were also down significantly year-over-year. All this kept the Charlotte region a home seller’s market in March 2022 with home affordability decreasing 16.3% year-over-year and 16.8% year-to-date.

Fort Mill Real Estate Report: March 2022

Fort Mill, SC Real Estate Update For March 2022

Fort Mill’s housing market (29715 and 29708 zip codes) remained a home seller’s market in March 2022. 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 March. Buyer demand for homes in Fort Mill has not abated despite the lack of inventory.

Charlotte Region Luxury Homes Market Report: March 2022

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Charlotte luxury homes market in March 2022 saw continued demand for luxury homes with both median and average sale prices increasing year-over-year and month-over-month. Average and median days on market were down significantly year-over-year. Although new listings increased, inventory was down year-over-year and the months supply of homes was also down year-over-year. Homes sold as quickly as they came on the market.With just 1.9 months of inventory, the luxury segment of Charlotte’s housing market remained a seller’s market in the month of March.

Charlotte Region Real Estate Report: February 2022

Charlotte Region Home Sales Report For February 2022

Charlotte Region real estate market in February 2022 saw home sales decrease by 1.6% year-over-year and home prices increase 19.6%, on average. Lack of inventory is limiting sales momentum with demand for homes continuing to outpace the supply of homes. Year-over-year, days on market dropped 28.1% in February 2022. The months supply of homes and overall inventory were also down significantly year-over-year. All this kept the Charlotte region a home seller’s market in February 2022 with home affordability decreasing 16.8% year-over-year and 17.5% year-to-date.

Fort Mill Real Estate Report: February 2022

Fort Mill, SC Home Sales Report February 2022

Fort Mill’s housing market (29715 and 29708 zip codes) remained a home seller’s market in February 2022. Lower inventory and months supply of housing, fewer days on market, higher sale prices, higher list to sale price ratios all characterized the Fort Mill seller’s market in February. Inventory remained low and buyer demand for homes in Fort Mill has not abated.

Charlotte Region Luxury Homes Market Report: February 2022

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Charlotte luxury homes market in February 2022 saw continued demand for luxury homes with an increase in closed and pending sales and average sale price year-over-year. Average and median days on market were down significantly year-over-year. New listings increased slightly, inventory was down year-over-year and the months supply of homes was also down year-over-year. With just 2.7 months of inventory, the luxury segment of Charlotte’s housing market remained a seller’s market in the month of February.

Charlotte Region Real Estate Report: January 2022

Charlotte Housing Market In January 2022

Charlotte Region real estate market in January 2022 saw home sales decrease slightly by 0.7% year-over-year and home prices increase 15.8%, on average. Lack of inventory is limiting sales momentum with demand for homes continuing to outpace the supply of homes. Year-over-year, days on market dropped 14.8% in January 2022. The months supply of homes and overall inventory were also down significantly year-over-year. All this kept the Charlotte region a home seller’s market in January 2022 with home affordability decreasing 18.2% year-over-year.