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.
Indian Trail real estate saw a continued cooling trend year-over-year in February 2023 with increasing days on market and inventory and fewer new listings. Month-over-month, inventory was down, however. At the same time, home prices increased year-over-year and month-over-month. With a 4.1% decrease in the list to sale price ratio year-over-year to 97.8%, Indian Trail home buyers are seeing an opportunity to negotiate on price.
Matthews real estate market in February 2023 saw home prices increase year-over-year and month-over-month. Median home sale price was 20.8% higher than one year ago. Days on market and inventory also increased, while new listings continue to decrease. List to sale price ratio in February was just under 99%. Sales were up over January 2023, but down compared with February 2022.
Luxury homes market in Charlotte region saw closed and pending sales decrease significantly. At the same time, home prices increased year-over-year and month-over-month. Average days on market also increased, as did inventory. New listings decreased 74.1% year-over-year.
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.
Indian Trail real estate saw a continued cooling trend in January 2023 with much higher days on market and fewer sales. At the same time, home prices increased and new listings decreased. With a 3.7% decrease in the list to sale price ratio year-over-year to 98.5%, Indian Trail home buyers are seeing an opportunity to negotiate on price.
Matthews real estate market in January 2023 saw a cooling in the market with lower list to sale price ratios, longer days on market, fewer sales. Home prices were down month-over-month. Average sale prices down year-over-year, while median sale prices up year-over-year.
Luxury homes market in Charlotte region saw closed sale decrease, but pending sales increase year-over-year. Pending sales were also increased month-over-month. Months supply of homes stood at 2.4 months in January, up year-over-year, but down from December 2022. List to sale price ratio was 0.6% lower in January 2023 year-over-year, but 2.7% high compared with December 2022. Both average and median sale prices were down year-over-year and month-over-month.
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.
Indian Trail real estate saw continued cooling in December 2022 with sales down, home prices down, inventory substantially up, days on market up. Average home prices declined a second consecutive month after setting new records two months ago. The median list to sale ratio dropped below 100% in November for a fifth consecutive month, providing Indian Trail home buyers a window of opportunity to negotiate.
