Luxury Homes Market Charlotte Region: December 2022

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Luxury homes market in Charlotte region saw closed and pending sales down year-over-year. However, closed sales were up month-over-month. Months supply of homes stood at 2.5 months in December and new listings were down significantly. List to sale price ratio continued to drop providing luxury home buyers an opportunity to negotiate on price.

Luxury Homes Market Charlotte Region: November 2022

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Luxury homes market in Charlotte region continued to readjust to market shifts in recent months. Closed and pending sales were down year-over-year and month-over-month. Months supply of homes stood at 3 months in November. List to sale price ratio continued to drop providing luxury home buyers an opportunity to negotiate on price.

Luxury Homes Market Charlotte Region: October 2022

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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.

Luxury Homes Market Charlotte Region: September 2022

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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.

Luxury Homes Market Charlotte Region: August 2022

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Charlotte luxury homes market in August 2022 saw solid demand for luxury homes with both pending and closed sales up year-over-year, as were average sale prices. Despite an increase in inventory and new listings, sellers received a higher list to sale price ratio of 100%. Month-over-month, pending and closed sales were down, months supply of homes were down slightly, average days on market were up, new listings were down.

Luxury Homes Market Charlotte Region: July 2022

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Charlotte luxury homes market in July 2022 saw continued demand for luxury homes with both pending and closed sales up year-over-year. Despite an increase in inventory and new listings, sellers received a higher list to sale price ratio with average and median home sale prices increasing year-over-year and days on market decreasing. Closed and pending sales decreased from June 2022, but median home sale prices decreased negligibly by just over $1,400.

Luxury Homes Market Report For Charlotte Region: April 2022

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Charlotte luxury homes market in April 2022 saw continued demand for luxury homes with both median and average sale prices increasing year-over-year. Average and median days on market were down significantly year-over-year. Although new listings increased, inventory was down year-over-year and the months supply of homes was also down year-over-year. Homes sold as quickly as they came on the market. With just 2.1 months of inventory, the luxury segment of Charlotte’s housing market remained a seller’s market in the month of April.

Charlotte Region Luxury Homes Market Report: March 2022

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Charlotte luxury homes market in March 2022 saw continued demand for luxury homes with both median and average sale prices increasing year-over-year and month-over-month. Average and median days on market were down significantly year-over-year. Although new listings increased, inventory was down year-over-year and the months supply of homes was also down year-over-year. Homes sold as quickly as they came on the market.With just 1.9 months of inventory, the luxury segment of Charlotte’s housing market remained a seller’s market in the month of March.