How Much Has Your Greater Charlotte Home's Value Increased In 2022?

By
Real Estate Agent with Coldwell Banker Realty 179530

HOW MUCH HAS YOUR GREATER CHARLOTTE HOME'S VALUE INCREASED IN 2022?

 

Throughout much of 2022 the Greater Charlotte Region continued to suffer from a persistent lack of inventory. The lack of 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 has been the story of the Charlotte region's housing market in 2020, 2021, and into 2022 resulting in price appreciation that is leading many areas of the nation in annual gains. The Charlotte region continues to rank high on the hottest housing market lists. And that also means that Charlotte region homeowners have more equity in their homes than ever.

 

EQUITY IS THE SHINING STAR OF THE HOUSING MARKET: VIDEO

 

The 2021 Annual Emerging Trends In Real Estate Report has once again ranked Charlotte in the top 12 real estate markets to watch for 2022 at #5. This compares with a ranking of #6 one year ago. The Charlotte market is also ranked #11 out of the top 14 markets for homebuilding prospects.

 

Year-to-date through October 2021, the Charlotte Region's average home sale price increased 16.4% (and that's on top of a home sale price increase in 2021 of 15.4% and 10.3% in 2020). The median sale price increased 18% through October 2022 (on top of a 15% increase in 2021 and a 9.8% increase in 2020).

 

While inventory is up year-over-year as of October 2022, the months supply of inventory is 1.8 months, keeping Charlotte region in "seller territory." We would need to see four months of inventory for a balanced market and six months of inventory for a buyer's market. Year-to-date through October, new listings were down 7.4%.

 

HOME EQUITY: A SOURCE OF STRENGTH FOR HOMEOWNERS TODAY

 

Charlotte Region Median Home Price Trends: 2019-2022

 

      

 

Charlotte Region Average Home Sale Price Trends: 2019-2022

 

 

FREE HOME EQUITY ANALYSIS FOR YOUR GREATER CHARLOTTE HOME

If you're thinking about selling your home in the Charlotte region in the coming months, we can provide you with a free home equity analysis. What you don’t know can cost you time and money when it comes to selling your home. When you’re ready, call or text Nina Hollander at 704-779-0813 or email her at nina@ninahollander.com to discuss how we can help sell your house.

 

Wondering How Much Your Charlotte Region Home Has Appreciated This Year?

 

How much is my Charlotte area home worth?

 

 FREE Home Seller Guide: "Things To Consider Before Selling Your House"

 

HOME EQUITY: A SOURCE OF STRENGTH FOR HOMEOWNERS TODAY

 

This report on home equity gains in the Greater Charlotte Region for 2022 is provided by Nina Hollander and Carolinas Realty Partners, Coldwell Banker Realty,  Greater Charlotte residential real estate experts. We've been helping Charlotte area home owners sell their homes and cash in on their equity for 22+ years.

 

If you're considering selling your Greater Charlotte area home, 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
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

Charlotte Magazine 5-Star Customer Satisfaction Award Winner Since 2007

 

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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 (10)

Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, bet your answer will be - A LOT!   Great time to sell, and realize your equity.

Nov 28, 2022 11:27 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... you got that answer correct on the very first guess! :))))

Nov 28, 2022 11:45 AM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Nina Hollander, Broker Your market reports are so easy to read and very complete. Buyers and sellers would be wise to call you 

Nov 28, 2022 11:52 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hannah Williams thanks, Hannah. And thanks for popping by... trust you had a lovely Thanksgiving.

Nov 28, 2022 12:11 PM
Hannah Williams

Nina Hollander, Broker Yes and Thank you for the beautiful card 😊

Nov 28, 2022 12:14 PM
Nina Hollander, Broker

Hannah Williams you are most welcome, Hannah!

Nov 28, 2022 12:15 PM
Emily Medvec
eXp Realty LLC - Santa Fe, NM
Broker | Realtor | Serving Santa Fe & Northern NM

As always inspired by your knowledge. Like the twist you put on home value to your home equity! 

Nov 28, 2022 04:37 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Nina those graphs are very telling so now with that said what does your Chrystal ball project for 2023? mine is going to be the other direction for the graph at least in our market here in Los Angeles, Endre

Nov 28, 2022 11:31 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Emily Medvec good morning, Emily... I've always felt that talking to a homeowner about their equity in their home is more interesting than about a value. 

Nov 29, 2022 04:23 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Endre Barath, Jr. good morning, Endre... I am not making any longer term predictions into 2023. I've already been surprised by the strength of the Charlotte market the last few months when everyone was predicting a major slowdown. Do I think the market will slow? Yes? Will days on market increase? Yes? Will home prices plummet? Not in the near term.

Nov 29, 2022 04:24 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Nov 30, 2022 11:59 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat hi Myrl, as always thanks for stopping by. Happy December 1st... wishing you a wonderful holiday month ahead.

Dec 01, 2022 04:04 AM