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 Luxury Homes Market Report: March 2022

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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.

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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Charlotte Region Luxury Homes Market Report: January 2022

Search For Luxury Homes In Charlotte Region

Charlotte luxury homes market in January 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 barely increased, inventory was down year-over-year and the months supply of homes was also down year-over-year and month-over-month. With just 1.1 months of inventory, the luxury segment of Charlotte’s housing market remained a seller’s market in the month of January.