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.

Indian Trail Real Estate: October 2022

Indian Trail/28079 Zip Code Home Sales Report October 2022

Indian Trail real estate saw a cooling in October 2022 with sales down, inventory substantially up, days on market up. The median list to sale ratio dropped below 100% in October for a third consecutive month, showing a window of opportunity for Indian Trail home buyers to negotiate. Nonetheless, home prices increased year-over-year and new listings were down.

Matthews Real Estate: October 2022

Matthews/28105 Zip Code Home Sales Update October 2022

Matthews real estate market in October 2022 saw higher home prices, fewer new listings, and a months supply of 1.6 months keeping it in seller “territory.” By the same token, a cooling in the market was evident in the higher days on market, much less foot traffic, and much lower pending sales in October.

Luxury Homes Market Charlotte Region: October 2022

Search For Luxury Homes In Charlotte Region

Charlotte luxury homes market in October 2022 continued to see solid demand for luxury homes with closed sales up year-over-year. Average and median sale prices were up year-over-year and month-over-month. Days on market were down. Inventory and new listings were up year-over-year, but new listings were down from September 2022.

Charlotte Region Real Estate: September 2022

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.

Indian Trail Real Estate: September 2022

Indian Trail (28079 Zip Code) Home Sales Report September 2022

Indian Trail real estate saw a cooling in September 2022 with sales down, inventory substantially up, days on market up. The median list to sale ratio dropped below 100% in September for a second consecutive month, showing a small window of opportunity for Indian Trail home buyers to negotiate. Nonetheless, home prices increased year-over-year and new listings were down.

Matthews Real Estate: September 2022

Matthews NC (28105) zip code real estate sales report september 2022

Matthews real estate market in September 2022 saw higher home prices, 100% median list to sell ratio, fewer new listings, and a months supply of 1.3 months keeping it in seller “territory.” While days on market increased, they remained low with homes selling in 16 days, on average.

Luxury Homes Market Charlotte Region: September 2022

Search For Luxury Homes In Charlotte Region

Charlotte luxury homes market in September 2022 saw solid demand for luxury homes with both pending and closed sales up year-over-year, as were average and median sale prices. Despite an increase in inventory and new listings, sellers continued to see a list to sale price ratio of 100%. Month-over-month, pending sales were down, while closed sales were flat. Months supply of homes were at their lowest level in four months. Average and median days on market were up by three days year-over-year.

Why Homeowners Are Selling Today

why are homeowners selling today?

Why do homeowners sell their homes today? Top reasons homeowners are selling today as often as not include a desire or need for features, more space, location, or amenities their current homes just can’t provide. These homeowners are willing to forgo a low interest rate on their current homes to get more of the lifestyle they want. Find out why it makes sense to sell your home this year.

Charlotte Region Real Estate: August 2022

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.