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.

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.

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.

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.

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.

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.

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.

Charlotte Region 2021 Real Estate Market

Charlotte Region 2021 Real Estate Report

Charlotte region’s real estate market in 2021 saw home sales reach their highest-ever levels. Average and median sale prices increased 15.5% and 16.1% respectively. Closed sales increased 8.2% year-over-year. Days on market dropped to just 19 days and inventory remained low at year-end. Charlotte region remained a home seller’s market throughout the year.

Charlotte Region Real Estate Report: November 2021

Housing Market Overview For Charlotte Region November 2021

Charlotte Region real estate market in November 2021 saw home sales increase slightly by 2.1% year-over-year and home prices increase 17.4%, on average. Lack of inventory is limiting sales momentum with demand for homes outpacing supply of homes. Year-over-year, days on market dropped 23.1% in November 2021. 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 November 2021 with home affordability decreasing 17.5% year-to-date.