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.

Waxhaw Real Estate Report: April 2022

Waxhaw, Weddington, Marvin Home Sales Update April 2022

The Waxhaw area housing market remained a home seller’s market in April 2022 with continued significant decreases in inventory and new construction. With 47.6% less inventory year-over-year and no decrease in buyer demand, days on market were down, while average home prices rose 36.7%. Both closed and pending sales were down due to the lack of inventory and new listings.

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.

Waxhaw Real Estate Report: March 2022

Home Sales Report For Waxhaw/28173 Zip Code: March 2022

The Waxhaw area housing market remained a home seller’s market in March 2022 with continued significant decreases in inventory and new construction. With 53.4% less inventory year-over-year and continued buyer demand, days on market were down, while average home prices rose 25.5%. Both closed and pending sales were down due to the lack of inventory and new listings.

Charlotte Region Luxury Homes Market Report: March 2022

Search For Luxury Homes In Charlotte Region

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.

Waxhaw Real Estate Report: February 2022

Waxhaw/28173 Zip Code Housing Market Report February 2022

The Waxhaw area housing market remained a home seller’s market in February 2022 with continued significant decreases in inventory and new construction. With 57% less inventory year-over-year and continued buyer demand, days on market were down dramatically, while average home prices rose almost 50%. Both closed and pending sales were down due to the lack of inventory and new listings.

Charlotte Region Luxury Homes Market Report: February 2022

Search For Luxury Homes In Charlotte Region

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.

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Falling In Love With Your Home

It’s no surprise that homeowners love their homes even more as our emotional attachments to them have grown. That sense of emotional connection reaches far beyond the financial aspect of homeownership. Because our homes are our shelters – ones that we can genuinely call our own. Our homes touch our hearts and can also positively impact our mental health.