Charlotte Real Estate: April 2023
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.