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.
Tega Cay real estate February 2023 saw lower home prices year-over-year. Inventory and new listings down year-over-year and month-over-month. Days on market were up substantially. Sold properties down year-over-year, but up month-over-month.
Fort Mill real estate in February 2023 (29715 and 29708 zip codes) saw lower sale prices month-over-month. Sales increased slightly month-over-month, but were down year-over-year. New listings down 20.2% over January 2023 and down 29.5% year-over-year. Housing inventory was at its lowest level in three years in February 2023. Average days on market up 36 days year-over-year.
Indian Land real estate February 2023 saw higher home prices year-over-year, as well as higher days on market. Inventory increased. New listings were at their lowest level in three years in February. February 2023 saw the lowest number of sales in Indian Land since in three years.
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.
Waxhaw area real estate market in February 2023 saw a 14th consecutive month of lower closed sales, indicating buyers are taking a step back, due to a combination of higher home prices, higher interest rates, and economic uncertainty. Days on market increased. Median and average sale prices increased year-over-year and month-over-month. New listings were at their lowest level in three years with the exception of December 2022.
Ballantyne real estate market in February 2023 saw lower home prices year-over-year and month-over-month. Days on market were at their highest level in three years. Sales declined to their lowest level in three years. Housing inventory was at its lowest level since June 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.
