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.

Tega Cay Real Estate October 2022

Tega Cay, SC Home Sales Update October 2022

Tega Cay real estate October 2022 saw higher home prices, slightly more inventory, and fewer new listings. At 1.1 months of housing inventory Tega Cay remained a seller’s market. Pending and closed sales were down. Homes sold more quickly than one year and one month ago.

Fort Mill Real Estate October 2022

Fort Mill, SC Home Sales Update October 2022

Fort Mill real estate in October 2022 (29715 and 29708 zip codes) saw higher home sale prices, on average, year-over-year and month-over-month. Still a low months supply of inventory at 1.6 months, although increasing year-overr-year . New listings down for a fifth consecutive month. List to sale ratio below 100% for the first time since December 2020.

Indian Land Real Estate October 2022

Indian Land, SC/29707 Zip Code Home Sales Update Octtober 2022

Indian Land real estate October 2022 saw new average sale price records for homes. Months supply of homes remained low at 1.5 months, while overall inventory increased, as did days on market. New listings decreased 18.1%, despite a 104.8% increase in new construction inventory. Closed and pending home sales decreased in the month of October in Indian Land, South Carolina.

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.

Waxhaw Real Estate Report: October 2022

Waxhaw Area/28173 Zip Code Home Sales Update October 2022

Waxhaw area real estate market showed some signs of cooling in October 2022, despite a substantial increase in home prices. A list to sale price ratio of 97.5% was the lowest Waxhaw has seen since November 2019. Waxhaw also saw a 10th consecutive month of lower closed sales indicating buyers are taking a step back, due to a combination of higher home prices and interest rates. Nonetheless, the months supply of inventory remained in seller “territory” at 2 months in October and new listings were down.

Ballantyne Real Estate: October 2022

Ballantyne/28277 Zip Code Housing Market Update October 2022

Ballantyne real estate market in October 2022 saw much higher home prices and new listings down 41.2% year-over-year. Median days on market remained relatively low at 10 days. Sellers saw a lower median list price to final sale price at 98.9%. Closed and pending sales were down. The “feeding frenzy” of 2021 and first half of 2022 appears to have come to an end in Ballantyne.

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.