Charlotte Region Luxury Home Sales: August 2023. What To Know Now.

Real Estate Agent with Coldwell Banker Realty 179530

Latest news on Charlotte Region's luxury homes market...

What happened in August 2023... 

What you need to know now...


Charlotte Region single family luxury home market more than held its own in August 2023:

  • Luxury home sales Charlotte Region in August saw average and median home sale prices increase from from July and June 2023.

  • Pending sales declined, while closed sales increased year-over-year and month-over-month.

  • Median days on market were just eight.

  • Average days on market declined from July 2023 and increased by just two days from August one year ago.

  • Median list to sale price ratio was 98.6%.

  • New listings increased 9.8%. Inventory declined 6%. Months supply of inventory declined 0.4 months year-over-year to 3.1 months, keeping luxury home sellers in the "driver's seat" in the Charlotte region.



The luxury homes market in Charlotte saw a 9.8% increase in new listings year-over-year. Inventory decreased year-over-year by 6%, despite the increase in new listings. The months supply of inventory declined to 3.1 months year-over-year from 3.5 months one year ago. Median home sale price increased 3.4%, while the average home sale price increased 4.6%. Closed sales increased 10.1% in August 2023 versus the same month one year ago. Median list to sale price ratio decreased 1.4% year-over-year to 98.6%. Buyer foot traffic increased 26.2% to 7.7 showings per home from 6.1 showings year-over-year. Median days on market were eight in August, one day higher versus the same month one year ago.



Month-over-month, the luxury homes market in Charlotte saw new listings increase in August 2023 with 235 new listings versus 223 in July 2023.  Both average and median sale prices increased from the previous month.  Closed sales increased in August versus July. Pending sales decreased compared with JuLy2023. The list to sale price ratio declined 0.2% month-over-month. Active listings increased in August compared with July. Average days on market declined by three days in August compared with July. The months supply of inventory remained unchanged month-over-month at 3.1 months. Buyer foot traffic in August increased to 7.7 average showings per listing compared with 7.2 months in July.


Charlotte Region Single Family Luxury Home Sales Snapshot August 2023


Luxury Homes Market Snapshot For Single Family Homes: Charlotte Region August 2023

  • Homes Sold: 196 in August 2023, up 10.1% compared with August 2022. The number of homes sold month-over-month increased by 33 homes.

  • Pending Sales: 182 in August 2023, up 18.2% compared with August 2022. Pending sales declined month-over-month by 12 homes.

  • New Listings: 235 in August 2023, up 9.8% compared with August 2022. New listings decreased by 62 homes month-over-month.

  • Inventory of Homes: down 8.4% to 490 in July 2023 compared with July 2022.  Inventory decreased by 121 homes from July 2023. 

  • Months Supply of Homes:  down 11.4% (by 0.4 months supply) compared with August 2022. Months supply of homes remained unchanged compared with July 2023.

  • Average Days on Market: 31 days in August 2023 compared with 29 days in August 2022.  Average days on market decreased 3 days month-over-month.

  • Median Days on Market: 8 days in August 2023 compared with 7 days in August 2022.

  • Average Sale Price: up 4.6% year-over-year to $1,630,670 in August. Month-over-month average sale price increased just under $12,000.

  • Median Sale Price: increased 3.4% year-over-year to $1,347,000 in August.  Month-over-month, median home sale price was essentially flat, decreasing by $3,000.

  • Median % Of List Price Received: decreased 1.4% to 98.6% in August 2023 compared with 100% in August 2023. Month-over-month, the list to sale price ratio decreased 0.2%.



The most expensive home sold in the Charlotte region in August 2023, sold for $7,100,000 in Davidson.  Built in 2020,  the gated, custom-built home is situated on approximately 15acres and features 5 bedrooms, 6 bathrooms, 7,600+ square feet of heated living area on two levels. Amenities included a chef's kitchen + separate scullery and wind room, a primary wing with office and private porch, a 50,000 gallon heated salt water pool and spa, a climate-controlled 3-car garage with workshop area, a dog-washing station.


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

Curious about the real estate market in Greater Charlotte?

We can help.

Call me today at 704-779-0813 or contact me here.

There’s absolutely NO OBLIGATION

A consultation with Nina Hollander is FREE.     








Looking For A Luxury Home In Charlotte?


FREE Home Buyer Guide: “Things To Consider When Buying A Home”



Luxury Global 2023 Insights Report




What's Your Charlotte Luxury Home Worth?


FREE Home Seller Guide: “Things To Consider When Selling Your House”







This Charlotte region luxury housing market update is provided  by  Nina Hollander with Coldwell Banker Realty, Greater Charlotte Region luxury residential real estate expert serving Charlotte area luxury home buyers and sellers for 24+ years.


If you're considering selling or purchasing a luxury home in the Charlotte region, 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."


Originally published on 

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
Blog: News You Can Use From The Greater Charlotte Area
Search For All Charlotte Area Homes: 

Charlotte Magazine 5-Star Customer Satisfaction Award Winner Since 2007


 Connect with me also on these sites:  


facebook twitterlinkedinpinterest



Oh by the way, I'm never too busy for any of your referrals!


Find Your Charlotte Home


How Much Is My Home Worth       Free Charlotte Relocation Package




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 (18)

Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Nina. Up, up and away for all market indicators except supply and inventory. Buyer's need you counsel to make their best decision. Sellers will benefit also. Enjoy your day,

Sep 22, 2023 05:54 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Wayne Martin it's the same old, same old song... lack of inventory driving the market. 

Sep 22, 2023 06:04 AM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Nina, It's great to read that the single-family luxury home market in Charlotte held its own in. Working in the luxury home market is always a rewarding experience, and it's clear that you do an excellent job. Both buyers and sellers undoubtedly benefit from your knowledge and expertise, and you know this market well!

Sep 22, 2023 07:37 AM
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

I just came from Joan Cox 's luxury home report to yours Nina Hollander, Broker and it's fun to see the similarities. I just can not imagine living that lifestyle. I like seeing my family and not having to travel through an acre of home to find my family members.

Sep 22, 2023 08:12 AM
Joan Cox

Bob "RealMan" Timm There was a day I dreamed of having a large luxury home, and then got divorced.  Now I like my home, pretty easy to clean, and lock up when I travel.

Sep 22, 2023 01:04 PM
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

We are seeing an increase in the number of listings here at the top end. No drop in prices, but certainly taking a hit because of the interest rates.

Sep 22, 2023 08:20 AM
Patricia Feager, MBA, CRS, GRI,MRP
Selling Homes Changing Lives

Nina Hollander, Broker - Sounds like Luxury homes are not out of reach. Although inventory may be low, there are still successful sales! Buyers and Sellers need to know who are the best agents to list and bring buyers. 

Sep 22, 2023 08:43 AM
Roy Kelley
Retired - Gaithersburg, MD

Families considering a move to the area will appreciate your local real estate reports.

Sep 22, 2023 09:05 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Nina- with the exception of inventory remaining low, your luxury market is still good!!! 

Sep 22, 2023 11:05 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Nina, 

The luxury market is doing well in the Charlotte region.  I remember when the market was softening, the luxury market was the first to tank.  Not anymore, and your market shows that.  

Sep 22, 2023 02:48 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 good morning, Sheila... I "cut my teeth" in real estate in NY City selling high end coops... so I love going back to my roots and working in the luxury segment whenever I can.

Sep 23, 2023 04:43 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Bob "RealMan" Timm good morning, Bob... I love having space and not having anyone on top of me. It doesn't need to be acres of space, but I do like having places to be away from other people. Of course, my husband and I never lived "on top of each other" so if we suddenly did we'd probably kill each other. :)

Sep 23, 2023 04:45 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Jeffrey DiMuria 321.223.6253 Waves Realty good morning, Jeff... our luxury segment is not very large and seems to be holding its own. Home values aren't running away with themselves, but if a house is priced right for condition and location it sells.

Sep 23, 2023 04:46 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Patricia Feager, MBA, CRS, GRI,MRP good morning, Patricia... if I've learned anything in the past 30+ years in this business it's that it doesn't matter the price point of a house... you've just got to market it like crazy and price it right. Do that and there will always be buyers.

Sep 23, 2023 04:47 AM
Patricia Feager, MBA, CRS, GRI,MRP

Nina Hollander, Broker - Agree! And to your point, I recently listed a property a few months ago. The Seller's agreed to price it right, was a smart idea. The next day I held an Open House, and the next day had a solid offer. We had a successful and happy closing in less than 30 days. 

Meanwhile, the house around the block, built same year, same square footage, one-story, same builder, 4 bedrooms, etc., listed $30K more. This morning I checked the MLS and that house is still on the market, Active, no history of being under contract, but to their credit, they just lowered the price. 

Sep 23, 2023 06:05 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Roy... thanks for stopping by. Wishing you and Dolores a lovely Saturday.... hopefully the bad weather moving up the coast won't affect you much.

Sep 23, 2023 04:48 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kathy Streib good morning, Kathy... it just all keeps coming back to inventory. Or should I say it keeps coming back to lack of inventory?

Sep 23, 2023 04:49 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Sheri Sperry - MCNE® good morning, Sheri... I remember those days, myself. At one point we had almost three years of inventory in the luxury segment.

Sep 23, 2023 04:50 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Your report indicates that the luxury market in Charlotte is still strong!  I hope that you have a fun weekend!

Sep 23, 2023 04:52 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brian England good morning, Brian. I will have a busy weekend for sure... how much fun could fit is still up in the air!

Sep 23, 2023 05:28 AM