Luxury homes market in Charlotte Region in May saw home prices increase from May 2022 and from the previous month. Both pending and closed sales increased compared to one year ago. Median days on market were just four. Median list to sale price ratio was 100%. New and active listings increased compared with May 2022 and April 2023. On the whole, Charlotte Region’s luxury home market is more than holding its own.
Charlotte real estate in April 2023 saw home sales decline 21.8% year-over-year, while home prices increased 2.6%, on average. Sales dropped for a 16th consecutive month due to higher home prices, increasing interest rates, and fewer new listings. Homes sold in 39 days, on average, down nine days from the previous month. New listings declined putting pressure on inventory. The months supply of homes, while increasing, remained low at 1.3 months, keeping Charlotte in “home seller territory.” Home affordability continues to suffer.
Charlotte real estate in March 2023 saw home sales decline 18.5% year-over-year, while home prices increased 3.1%, on average. Sales dropped for a 15th consecutive month due to higher home prices, increasing interest rates, and fewer new listings. Homes sold in 48 days, on average. The months supply of homes, while increasing, remained low at 1.3 months, keeping Charlotte in “home seller territory.” Home affordability continues to suffer.
Fort Mill real estate in April 2023 (29715 and 29708 zip codes) saw sales decline from March 2023 and April one year ago. New listings were down from one year ago and flat compared with one month ago. Housing inventory was also down month-over-month. Average days on market declined almost 21% from one month ago. Sale prices declined slightly, but the list to sale price ratio increased to just under 100% compared with March 2023.
Luxury homes market in Charlotte region in April saw closed sales decrease year-over-year, while closed sales increased month-over-month. Pending sales increased both year-over-year and month-over-month. Average sale price increased over April 2022. Average days on market increased from the same time last year, but decreased compared with March 2023. The months supply of inventory was up compared with March 2022. The list to sale price ratio stood at 100% in April 2023.
Fort Mill real estate in March 2023 (29715 and 29708 zip codes) saw increased sales and higher sale prices month-over-month, as well as an increase in new listings and inventory. Year-over-year, new listings declined. Days on market declined from February 2023, but increased compared with the same month one year ago. List to sale price ratio steady at just under 99%.
Luxury homes market in Charlotte region in March saw closed sales decrease year-over-year, while closed sales increased month-over-month. Pending sales increased both year-over-year and month-over-month. Average sale price increased over March 2022. Average days on market increased from the same time last year, but decreased compared with February 2023. The months supply of inventory was up compared with March 2022, but saw no change from February 2023 despite an increase in new listings.
Charlotte real estate in February 2023 saw home sales drop 27.8% year-over-year, while home prices increased 3.7%, on average. Sales dropped for a 14th consecutive month due to higher home prices, increasing interest rates, and fewer new listings. Homes sold in 48 days, on average. The months supply of homes, while increasing, remained low at 1.2 months, keeping Charlotte in “home seller territory.” Home affordability continues to suffer.
Fort Mill real estate in February 2023 (29715 and 29708 zip codes) saw lower sale prices month-over-month. Sales increased slightly month-over-month, but were down year-over-year. New listings down 20.2% over January 2023 and down 29.5% year-over-year. Housing inventory was at its lowest level in three years in February 2023. Average days on market up 36 days year-over-year.
Luxury homes market in Charlotte region saw closed and pending sales decrease significantly. At the same time, home prices increased year-over-year and month-over-month. Average days on market also increased, as did inventory. New listings decreased 74.1% year-over-year.
