charlotte

Charlotte Real Estate: April 2023

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Charlotte Region Real Estate Update 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.

Charlotte Real Estate: March 2023

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Charlotte Region Housing Market Update March 2023

Charlotte real estate in March 2023 saw home sales decline 18.5% year-over-year, while home prices increased 3.1%, on average. Sales dropped for a 15th consecutive month due to higher home prices, increasing interest rates, and fewer new listings. Homes sold in 48 days, on average. The months supply of homes, while increasing, remained low at 1.3 months, keeping Charlotte in “home seller territory.” Home affordability continues to suffer.

Charlotte Real Estate: February 2023

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Charlotte region housing market overview February 2023

Charlotte real estate in February 2023 saw home sales drop 27.8% year-over-year, while home prices increased 3.7%, on average. Sales dropped for a 14th consecutive month due to higher home prices, increasing interest rates, and fewer new listings. Homes sold in 48 days, on average. The months supply of homes, while increasing, remained low at 1.2 months, keeping Charlotte in “home seller territory.” Home affordability continues to suffer.

Charlotte Real Estate: January 2023

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Charlotte, NC Region Housing Market January 2023

Charlotte real estate in January 2023 saw home sales drop 37.9% year-over-year, while home prices increased 6.2%, on average. Sales dropped for a 13th consecutive month due to higher home prices, increasing interest rates, and fewer new listings. Homes sold in 46 days, on average. The months supply of homes, while increasing, remained below two months at 1.5 months, keeping Charlotte in “home seller territory.” Home affordability continues to suffer.

Charlotte Region Real Estate: December 2022

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Charlotte Region Housing Market Snapshot For December 2022

Charlotte Region real estate in December 2022 saw home sales drop 37.7% year-over-year, while home prices increased 7.3%, on average. Sales dropped for a 12th consecutive month due to higher home prices, increasing interest rates, and fewer new listings. Homes sold in 41 days, on average. The months supply of homes, while increasing, remained below two months at 1.6 months, keeping Charlotte in “home seller territory.” Home affordability continues to suffer.

Charlotte Region Real Estate: November 2022

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Housing Market Overview For The Charlotte Region November 2022

Charlotte Region real estate in November 2022 saw home sales drop 35.9% year-over-year, while home prices increased 8.6%, on average. Sales dropped for an 11th consecutive month due to higher home prices, increasing interest rates, and fewer new listings. Homes sold in 34 days, on average. The months supply of homes, while increasing, remained below two months, keeping Charlotte in “home seller territory.” Home affordability is suffering.

Charlotte Region Real Estate: October 2022

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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.

Charlotte Region Real Estate: September 2022

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Charlotte Region Housing Market September 2022

Charlotte Region real estate in September 2022 saw home sales drop 20.8% year-over-year, while home prices increased 16.1%, on average. Sales dropped for an ninth consecutive month due to higher home prices, increasing interest rates, and fewer new listings. Homes sold in 22 days, on average. The months supply of homes, while increasing, stood at 1.6 months, keeping Charlotte in “home seller territory,” despite an increase in inventory overall. Home affordability is suffering.

Charlotte Region Real Estate: August 2022

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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

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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.