Charlotte Region Real Estate: October 2022

Charlotte Region Housing Market Overview For October 2022

Charlotte Region real estate in October 2022 saw home sales drop 29.9% year-over-year, while home prices increased 18.1%, on average. Sales dropped for a 10th consecutive month due to higher home prices, increasing interest rates, and fewer new listings. Homes sold in under one month, on average. The months supply of homes, while increasing, stood at 1.8 months, keeping Charlotte in “home seller territory,” and despite an increase in inventory overall. Home affordability is suffering.