Charlotte Region 2021 Real Estate Report: What You Need To Know

By
Real Estate Agent with Coldwell Banker Realty

CHARLOTTE REGION 2021 REAL ESTATE REPORT

WHAT YOU NEED TO KNOW...

 

2021 saw the continuation of the strong housing market in the 16-county Greater Charlotte region. Buyer demand continued to exceed pre-pandemic levels straining inventory, sales momentum, and housing affordability throughout the year.  Home sales in the Charlotte region reached their highest-ever levels in 2021. With a razor-thin 0.6 months of housing inventory at 2021 year-end, there is no doubt that the Charlotte region remained a seller's market in 2021. Inventory remains at historic lows in the Greater Charlotte region.

 

Although more houses were listed  in 2021 than in 2020, inventory couldn't catch up with demand. The lack of inventory throughout 2021 was the most critical aspect of the Charlotte market, as it has been for the last several years. Availability of affordable homes is really at critical shortage. The supply of homes, or rather lack thereof, continued to drive Charlotte area home prices up to new records and the housing affordability index down as demand continued to outpace supply.

 

Distressed property sales represented less than 1% of Charlotte region home sales in 2021. Buyers looking for a bargain in this segment of the market were disappointed.

 

Multiple offers for homes again reigned supreme in all price points during 2021. Days on market reached historic lows during the year. Homes sold virtually twice as fast as they did in 2020.

 

Supply/Demand imbalance in home inventory in Charlotte to continue into 2022With Charlotte recently ranked #5 as one of the top 10 hottest real estate markets for 2022 in the U.S., it's not unreasonable to assume the Charlotte region's housing market will remain competitive into 2022 and to continue to outperform national averages over the next several years.

Moreover, the demand for homes in 2022 will be further exacerbated by demand from millennials as they age into their prime home buying years according to Odeta Kushi, Deputy Chief Economist at First American.

   

Charlotte Region Housing Market Quick Facts:

2017 - 2021

  Charlotte Region Real Estate Report For 2021   

Charlotte NC Region Real Estate Report For 2021

    

 

Charlotte Region Distressed Property Sales Quick Facts:

2017 - 2021

  Charlotte Region Distressed Property Report For 2021    

 

Want to know what this would mean for your family if you decide to buy or sell a home in Greater Charlotte in 2022?

Curious About The Greater Charlotte Real Estate Market?

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WONDERING WHAT YOUR CHARLOTTE AREA HOME IS WORTH IN TODAY'S MARKET?

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Charlotte Region, NC Housing Market At A Glance: 2020

Charlotte Region, NC Housing Market At A Glance: 2019

Charlotte, NC Region Housing Market At A Glace: 2018

Charlotte, NC Region Housing Market At A Glance: 2017 

Charlotte, NC Region Housing Market At A Glance: 2016

Charlotte, NC Region Housing Market At A Glance: 2015

   

This Charlotte, NC region housing market update for 2021 is provided by Nina Hollander and Carolinas Realty Partners, Coldwell Banker, your Greater Charlotte residential real estate experts. We've been opening doors for Charlotte area home buyers and sellers for 20+ years. Let us open the door to your next home... you'll be glad you did!

 

If you're considering selling or purchasing a home in the Greater Charlotte  area, I'd love an opportunity to earn your business, to exceed your expectations, and to show you why experience matters and how:

 "The Right Broker Makes All The Difference."

Great Homes In Charlotte

Posted by

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From The Greater Charlotte Area
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Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

Comments (34)

Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Nina Hollander, Broker What a detailed market report on the Charlotte SC area why would buyers or sellers call anyone else but YOU  

Jan 19, 2022 11:34 AM
Kathy Streib
Cypress, TX
Retired Home Stager/Redesign

Hi Nina- you can't get more thorough than your market report for the Charlotte region!!! And it looks as if it's still going strong. 

Jan 19, 2022 12:46 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ron and Alexandra Seigel hi Alexandra... I think many of us continue to be amazed by the state of our real estate market, as well! :))

Jan 19, 2022 01:45 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Paul S. Henderson, REALTOR®, CRS hi Paul... Wednesday was a good day... looking forward to Thursday as I have a closing for clients who arrive tonight from Denver.

Jan 19, 2022 01:46 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hannah Williams thanks, Hannah, for that lovely comment. The Charlotte region is quite large very diverse so there's a lot to stay on top of.

 

Jan 19, 2022 01:47 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kathy Streib thanks, Kathy... the Charlotte market continues to stay strong. Don't see much on the horizon that would slow it down much.

Jan 19, 2022 01:48 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nina good information to know, and the Infographic is a great way to present it.

Jan 19, 2022 02:15 PM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

What a great synopsis of the Charlotte real estate market, Nina. It's pretty much the same here with low inventory driving everything. Let's see what happens in 2022. Fingers and toes crossed.

Jan 19, 2022 03:41 PM
Ray Henson
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

I always appreciate learning about other parts of the country.  Thank you for your market update!

Jan 19, 2022 05:38 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Jeffrey DiMuria 321.223.6253 Waves Realty good morning, Jeff... no doubt in my mind our closed sales could have been way higher if we had more inventory. Can't sell what's not there to sell, afterall!

Jan 20, 2022 04:04 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

George Souto good morning, George... at the end of the day, our MLS provides terrific graphics... I'm always surprised how many agents don't know where to find them or if they do, they don't share them.

Jan 20, 2022 04:05 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Jane Peters good morning, Jane... we've been waiting for more inventory for five years now... and each year it gets lower... I don't have a ton of hope for 2022 (at least not in the next six months).

Jan 20, 2022 04:06 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Raymond Henson, eXp Realty good morning, Ray... thanks for popping by. I also like to see other market reports to get a read on  whether Charlotte is an exception or pretty much mirroring other markets.

Jan 20, 2022 04:07 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Roy Kelley good morning, Roy... I know exactly what you are going through. Working with a lady in her 70's and we are "desperate" to find a retirement home. Every time I list a patio home it's gone in about 5 minutes.

Jan 20, 2022 04:08 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Good Morning Nina Hollander, Broker - 19 average days on the market is phenomenal! There was a substantial change between 2020 and 2021! Wishing you another successful year!

Jan 20, 2022 04:13 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Those numbers are impressive and the infographics that you provided make it easy to see what is going on.

Jan 20, 2022 04:35 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Patricia Feager, MBA, CRS, GRI,MRP good morning, Patricia... and we have parts of the region where the average days on market were barely one week! Crazy market, for sure.

Jan 20, 2022 04:46 AM
Patricia Feager, MBA, CRS, GRI,MRP

Nina Hollander, Broker - Our housing markets are similar. It sure is a crazier time!

Jan 20, 2022 05:57 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brian England thanks, Brian... so many "stories" out there about the market... it's really important to provide the true story in an easy to understand way.

Jan 20, 2022 04:47 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Charlotte home buyers and sellers are sure to value your real estate market report, Nina.

Jan 22, 2022 09:09 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat hi Myrl... Charlotte has had an amazing run in terms of home sales and prices for going on six years now.

Jan 22, 2022 12:38 PM