In 2022, home sales across the Charlotte region trended back to 2019 levels with 50,286 homes sold across the 16-county region. One could say the return to pre-pandemic levels of sales and the pace of sales is a more "normalized" market and that 2021/2022 were an anomaly.
Key take-aways for the 2022 housing market's performance include: Decline of 15.3% in existing home sales in 2022 versus 2021. 12 consecutive months of declines in sales year-over-year. 2022 sales were on par with sales at the end of 2019. Pending sales were also down throughout … (20 comments)
September 2021 saw the continuation of the strong housing market in the greater Charlotte region. Buyer demand continues to exceed pre-pandemic levels and to strain inventory.
Historically low interest rates and pent-up demand continue to fuel much of the buyer demand, as do the years of steady population growth in the Greater Charlotte area. While closed sales were down 2.3% in September, this is typical of this time of year as families settle back into fall school routines. … (22 comments)
Latest news on the Charlotte region's real estate market and what it means for you...
Third Quarter 2021 Charlotte, North Carolina region's home sales continued the trends we've seen since 2015. Home buyers continued to find the housing market very competitive with higher home prices and an extreme lack of properties to buy, especially in affordable homes priced under $300,000. Buyers looking for a bargain remained "hard pressed" to find one. Homes continue to sell almost as fast as they were listed and sold in about two weeks, on average.
August 2021 saw the continuation of the strong housing market in the greater Charlotte region. Buyer demand continues to exceed pre-pandemic levels and to strain inventory. Historically low interest rates and pent-up demand continue to fuel much of the buyer demand, as do the years of steady population growth in the Greater Charlotte area. While closed sales were up 3.5% in August, no doubt with more available inventory they would have been higher.
With Realtor.com recently ranking Charlotte third … (16 comments)
If you're wondering how home sales have been faring in Charlotte and throughout Mecklenburg County neighborhoods in May 2021, here's a list of 250 Charlotte/Meckelnburg neighborhoods where at least one home sold each month in the past 12 months. This list includes neighborhoods in Charlotte, Matthews, Mint Hill, Pineville, Davidson, Cornelius, and Huntersville.
Charlotte region ended April 2021 with less than a 1 month supply of inventory of homes at 0.6 months (down 71.4% year-over-year).
New listings increased 32.5% year-over-year. The increase in new … (25 comments)
Wondering just how fast homes have been selling in the Greater Charlotte market this spring? The average days on market for Charlotte area home were just 20 days in April. This is down from 39 days in April one year ago. Homes also sold four days more quickly than in March 2021.
Home sale prices surged in May: +16.4% year-over-year, on average. Median home sale prices increased 24.4%. Closed and pending sales also surged in May. Closed sales increased 24.8%; pending … (26 comments)
Wondering just how fast homes are selling in the Greater Charlotte market this spring? The average days on market for Charlotte area home were just 24 days in March. This is down 47.8% from 46 days in March one year ago. And with inventory down 70.2% year-over-year, the months supply of homes just 0.6 months (compared with 2.1 months one year ago), and new listings down 8.1% homes in the Greater Charlotte area are selling as quickly as they are … (16 comments)
February 2021 saw the continuation of the strong housing market in the greater Charlotte region in 2020, despite the ongoing pandemic. Pending contract and closed sales activity shows buyer interest and demand returning to and exceeding pre-pandemic levels. Historically low interest rates continue to fuel much of the buyer demand, as do the years of steady population growth in the Greater Charlotte area.
With Realtor.com recently ranking Charlotte third in the top 10 Metros for 2021, the Greater Charlotte … (8 comments)
Are You Wondering How Much Your Greater Charlotte Area Home's Value Has Increased?
The Greater Charlotte region suffered from a persistent lack of housing inventory throughout 2020 and ended the year with less than one month of housing inventory. The razor thin inventory was further exacerbated by the region's continued population growth at a pace greater than the national average, baby boomers who continue to live in their homes, and less new construction inventory.
Demand for homes outweighing the supply of homes was the story of the Charlotte area's housing market in 2020, resulting in price appreciation that is leading many areas … (31 comments)
Latest news on the Greater Charlotte region's real estate market in December 2020. What you need to know and what it means for you...
December 2020 continued to see a strong housing market in the greater Charlotte region, despite the ongoing pandemic and the expected holiday season slow downs. Pending contract and closed sales activity shows buyer interest with demand returning to and exceeding pre-pandemic levels. Historically low interest rates continue to fuel much of the buyer demand.
With Realtor.com recently ranking Charlotte third in the top 10 Metros for 2021, the market will most likely continue to heat up this year … (23 comments)
Fall 2020 is quickly coming to an end... just four more weeks until we officially enter the winter season. If you've been thinking about selling your Greater Charlotte area home this fall... there's still time to sell your home in 2020. Housing inventory is at all time lows and homes are selling more quickly than ever.
Home owners who are ready to list are benefiting from high visibility for their homes and are spending less time on the market. In October, … (26 comments)
Latest news on how corona virus impacted the Charlotte region's real estate market in August and what it means for you...
August 2020 saw a solid strengthening in the housing market in the Charlotte region despite the ongoing pandemic. In fact one can say "pandemic, what pandemic?"
Pending contract activity shows buyer interest and demand has returned to pre-pandemic levels (if not higher) due to historically low interest rates.
Housing inventory remained at record lows and new listings are not keeping up with demand.
New listings have been down year-over-year since February. At 1.2 months of supply, it is the lowest … (19 comments)
Charlotte region ended 2019 as a seller's market and has remained a seller's market in the first three months of 2020 with inventory remaining extremely tight, dropping 25.3% in March 2020 compared with March 2019.
The impact of the COVID-19 pandemic was not yet felt in March, but we are prepared to see some impact in April once the effect of shelter-in-place orders can be measured.
Lack of inventory resulted in higher home sale prices year-over-year. Average sale prices increased 8.7% to $315,243 and median sale prices increased 11.3% year-over-year to $271,500. Both average and … (14 comments)
12-Month Home Sales Report For 475+ Charlotte Area Neighborhoods
If you've wondered how home sales fared in Charlotte metro area subdivisions in February 2020, here's a list of 475+ Charlotte metro neighborhoods where at least one home sold each month in the 12 months. The report includes neighborhoods in Charlotte, Waxhaw, Matthews, Mint Hill, Indian Trail, Stallings, Belmont, Mount Holly, Gastonia, Pineville, Davidson, Cornelius, Huntersville, Monroe, Concord, Mooresville, and more.
Charlotte region ended February 2020 with just 1.5 months supply of inventory of homes (down 40% year-over-year). Buyer demand outpaced supply of homes for sale throughout 2019 and in January 2020 and again in February... and this shows no sign of … (18 comments)
Charlotte region ended 2019 as a seller's market and the first month of 2020 kept that seller's market going with inventory remaining extremely tight, dropping 28.1% compared with January 2019.
Lack of inventory resulted in higher home list and sale prices year-over-year. Average sale prices increased 10.4% to $297,821 and median sale prices increased 10.4% year-over-year to $252,000.Closed sales increased 6.8%, while pending sales were up 26.7% year-over-year in January, starting the year on a high note.
Homes continue to sell quickly with average days on market 47 days, down 4 days from one year ago. … (14 comments)
Charlotte, North Carolina region real estate report and housing market snapshot for November 2019. Charlotte region remained a seller’s market in November 2019 with inventory remaining extremely tight, dropping 22.6% compared with November 2018.
Lack of inventory and new listings resulted in higher home list and sale prices year-over-year, and year-to-date. Average sale prices increased 7.2% and median sale prices increased 8.1% year-over-year. Year-to-date average and median sale prices increased 5.6% and 7.1% respectively.
Closed sales increased 2%, while pending sales were up 20.3% year-over-year in November. Homes continue to sell quickly with average days on market 42 days, down 2 days from one year ago. Cumulative … (8 comments)
Charlotte, North Carolina region real estate report and housing market snapshot for October 2019. Charlotte region overall remained a seller’s market in October 2019 with inventory remaining extremely tight, dropping 19.5% compared with October 2018. Despite lower inventory, the Charlotte market has shown resiliency and buyer demand for homes remained strong as interest rates dropped. It's also worth keeping mind that while Charlotte overall is a seller's market for homes priced under $300,000, there are price points where Charlotte is a buyer's market -- primarily for homes priced above $750,000. Lack of inventory and small increases in new listings … (12 comments)
The Charlotte region's housing market in the third quarter of 2019 can best be described as having strong buyer demand and tight supply of housing inventory, which was down 19% compared with the third quarter of 2018. Lack of inventory saw average list prices increase 4.4% compared with the same time frame one year ago, while average sale prices increased 6.8%. No doubt that Charlottre remains a home seller's market as we look to the final quarter of 2019.
Video: Charlotte Market Minute - Quarter 3, 2019
Is now the right time to sell your Charlotte metro area … (20 comments)
Charlotte, North Carolina region real estate report and housing market snapshot for September 2019. Charlotte region remained a seller’s market in September 2019 with inventory remaining extremely tight, dropping 19% compared with September 2018. Lack of inventory and new listings resulted in higher home list and sale prices year-over-year, and year-to-date. Average sale prices increased 6.8% and median sale prices increased 10.4%% year-over-year. Year-to-date average and median sale prices increased 5.1% and 6.7% respectively. Closed sales increased 8.3%, while pending sales were up 37.6% year-over-year in September. Homes continue to sell quickly with average days on market 39 days. The … (24 comments)
June 2019 Charlotte region housing update. Charlotte region remained a seller’s market in June 2019 with inventory remaining extremely tight and dropping 14% compared with the same time period one year ago. Lack of inventory and new listings resulted in higher home list and sale prices year-over-year, year-to-date, and month-over-month. Closed sales were down, but pending sales were up 16.3% year-over-year. The housing affordability index continued to decrease, as well. Months supply of homes remained very low at 2.3 months and even lower for homes priced under $200,000. Year-to-date trends are all also showing increased … (24 comments)
CHARLOTTE REGION 2022 REAL ESTATE REPORT
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