Charlotte Region Real Estate: August 2022

Charlotte Region Housing Market Snapshot August 2022

Charlotte Region real estate in August 2022 saw home sales drop 22% year-over-year, while home prices increased 16.9%, on average. Median home sale prices set a new record. Sales dropped for an eighth consecutive month due to higher home prices, increasing interest rates, and low inventory. Homes sold in 19 days, on average. The months supply of homes, while increasing, stood at 1.5 months, keeping Charlotte in “home seller territory,” and despite an increase in inventory overall.

Fort Mill Real Estate August 2022

Fort Mill, SC Home Sales Report August 2022

Fort Mill real estate in August 2022 (29715 and 29708 zip codes) saw higher home sale prices, low months supply of inventory at 1.4 months and new listings down. Average days on market increased to 20 days. Closed and pending sales were down. Median list to sale price ration stood at 100%.

Luxury Homes Market Charlotte Region: August 2022

Search For Luxury Homes In Charlotte Region

Charlotte luxury homes market in August 2022 saw solid demand for luxury homes with both pending and closed sales up year-over-year, as were average sale prices. Despite an increase in inventory and new listings, sellers received a higher list to sale price ratio of 100%. Month-over-month, pending and closed sales were down, months supply of homes were down slightly, average days on market were up, new listings were down.

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.

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%.

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.

Fort Mill Real Estate June 2022

Fort Mill, SC Real Estate Update June 2022

Fort Mill real estate in June 2022 (29715 and 29708 zip codes) remained a home seller’s market, setting new records for home prices. Months supply of inventory was just 1.2 months. Homes sold in 12 days, on average. Sellers received a median list to sale price of 103.2%.

Charlotte Region Real Estate: June 2022

Charlotte Region Real Estate Report June 2022

Charlotte Region real estate in June 2022 saw home sales drop 13.6% year-over-year, while home prices increased 17.5%, on average. Median home sale prices set a new record. Sales dropped for a sixth consecutive month due to higher home prices, interest rates, and low inventory. Year-over-year, days on market remained flat at 14 days. The months supply of homes stood at 1.1 months, keep Charlotte in “home seller territory,” despite an increase in inventory overall. With a list to sale price ratio of 101.9%, it’s clear buyers are still willing to purchase a home at a premium price.

Charlotte Region Real Estate Report: May 2022

Charlotte Region Housing Market Update May 2022

Charlotte Region real estate market in May 2022 saw home sales drop 7.3% year-over-year and home prices increase 17.3%, on average. Sales dropped for a fifth consecutive month due to higher home prices, interest rates, and lack of inventory. Year-over-year, days on market dropped in May 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 May 2022 with home affordability decreasing 23.0% year-over-year and 22.8% year-to-date.