Charlotte Region Housing Market Report: Q2-2020

Charlotte Region Real Estate Update: Q2-2020

Despite the pandemic and showing restrictions in much of the second quarter of 2020, Charlotte region remained a home seller’s market. Home prices increased, while inventory and days on market decreased. Only closed sales decreased during the second quarter, but were clearly making a comeback by June. By June, it was evident that home buyer demand far exceeded supply of homes for sale, both resale and new construction.