charlotte region real estate report 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.