YEAR-OVER-YEAR TRENDS IN THE LUXURY HOME MARKET IN CHARLOTTE REGION The luxury homes market in Charlotte saw a 2.1% decrease in new listings year-over-year, while inventory increased year-over-year by 26.8%. The months supply of inventory increased from 2.3 months one year ago to 2.7 months. Median home sale prices increased slightly by 0.4%, while average home sale prices increased 1.9%. Closed sales decreased in April 2023 versus the same month one year ago. Median list to sale price ratio decreased 4.2% year-over-year, but was still 100%. Buyer foot traffic decreased 11.6% … (8 comments)
More than 1,220 single-family homes, townhouses and condos have sold at or above $1 million in the Charlotte Region from January through August of this year, according to data from the Canopy Realtor Association. That is a substantial increase from the 660 closings at/above $1 million in the 16-county Charlotte Region during the same eight-month time-frame in 2020. And it’s a 130% increase from the 534 homes priced at/above $1 million sold from January to August in 2019. No doubt about it! The … (22 comments)
Charlotte Region's single family luxury homes real estate market remained strong in May 2021 compared with May 2020, maintaining a strong momentum we've seen for months now. For homes priced above $750,000, the Charlotte region saw astonishingly higher pending and closed sales even in the face of a 30.6% decline in inventory. This low level of inventory has not been seen in well over a decade.
Days on market, both average and median, also were down significantly year-over-year, as was the months supply of … (32 comments)
Latest news on Charlotte Region's luxury housing market in January 2021 and what it means for you...
Charlotte Region's luxury homes real estate market strengthened in January 2021 compared with January 2020, despite the ongoing pandemic. For homes priced above $750,000, the Charlotte region saw both higher pending and closed sales, in spite of a 43% decline in inventory and an increase in new listings. Days on market, both average and median, also were down significantly year-over-year, as was the months supply of inventory. Luxury home sellers continued to see a higher sale price as a percent of listing price, as … (36 comments)
Latest news on Charlotte Region's luxury homes market...
;)
;)
;)
