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.

Tega Cay Real Estate Report: May 2022

Tega Cay, SC Home Sales Update For May 2022

Tega Cay, South Carolina remained a home seller’s market in May 2022. Tega Cay’s housing market experienced significantly lower inventory levels, which dropped 48.8% year-over-year . The months supply of inventory was just 0.6 months. Buyer demand for Tega Cay homes continued to outstrip supply of homes increasing home prices. Closed and pending sales were down in May 2022.

Fort Mill Real Estate Report: May 2022

Fort Mill, SC Home Sales Update May 2022

Fort Mill’s housing market (29715 and 29708 zip codes) remained a home seller’s market in May 2022, setting new records for home prices. Lower inventory, fewer days on market, higher sale prices, higher list to sale price ratios, fewer sales all characterized the Fort Mill seller’s market in May.

Indian Land Real Estate Report: May 2022

Indian Land, SC Real Estate Snapshot May 2022

Indian Land, South Carolina real estate market remained a seller’s market in May 2022. Indian Land home prices set new records in May 2022 with average home prices up 30.7%. Inventory remained tight at 0.9 months supply. Home sellers received 102.8% of asking price in final sale price and sold in 9 days, on average.

Indian Trail, NC Real Estate Report: May 2022

Indian Trail/28079 Zip Code Home Sales Update May 2022

Indian Trail remained a home seller’s market in May2022 with both average and median home sale prices increasing 32.5% and 26%, respectively, over May 2021, setting new record highs for home sale prices. Homes continued to sell — quickly in 17 days on average. Sellers received 102.1% of list price in sale price.

Matthews Real Estate Report: May 2022

Matthews/28105 Zip Code Home Sales Update May 2022

Matthews real estate market remained a home seller’s market in May 2022. Low inventory increased average and median home prices by double digits, reduced days on market. Home sellers in the 28105 zip code saw a median 104.2% of list price in final sale price.

Waxhaw Real Estate Report: May 2022

Waxhaw Weddington Marvin Home Sales Snapshot May 2022

Waxhaw area housing market remained a home seller’s market in May 2022 with continuing decreases in inventory and new construction. With 30.4% less inventory year-over-year and no decrease in buyer demand, days on market were down, while average home prices rose 29.3%. Both closed and pending sales were down due to the lack of inventory and new listings.

Ballantyne Real Estate Report: May 2022

Ballantyne/28277 Zip Code Housing Market Snapshot May 2022

Ballantyne remained a home seller’s market in May 2022. Months supply of inventory was down 42.9% compared with May 2021 with just a 0.4 months supply of homes. Housing inventory was down 47.9% year-over-year, resulting in much higher home prices, and sellers receiving a median 105.3% of list price in sale price. Ballantyne area’s inventory is at historic lows, resulting in lower closed and pending sales.

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.