December 2020 saw a continued strengthening in the luxury homes market in the Charlotte region versus December 2019, despite the ongoing pandemic. Inventory and months supply of luxury homes were significantly down, as were average and median days on market. Pending and closed sales were up significantly year-over-year.
Charlotte Region’s Luxury Home Sales Activity Remains Strong
Latest news on Charlotte Region’s luxury housing market and what it means for you…
Charlotte Region’s luxury homes real estate market continued to strengthen in December 2020 compared with December 2019, despite the ongoing pandemic. For homes priced above $750,000, the Charlotte region saw both higher pending and closed sales, in spite of a 33.2% decline in inventory. Days on market, both average and median, also were down 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 well.
Luxury Housing Market Snapshot: Charlotte Region December 2020:
Homes Sold: 228 in December 2020, up 75.4%, versus 130 in December 2019
Pending Sales: 132 in December 2020, up 67.1% versus 79 in December 2019
New Listings: up 32.3% to 131 in December 2020 versus 99 in December 2019
Inventory of Homes: down 33.2% to 516 in December 2020 versus 772 in December 2019
Months Supply of Homes: down 46.8% with 2.5 months supply of homes in December 2020 versus 4.7 months supply in December 2019
Average Days on Market: 51 days in December 2020 versus 72 days in December 2019
Median Days on Market: 23 days in December 2020 versus 34 days in December 2019
Average Sale Price: up 15.4% to $1,243,237 in December 2020 versus $1,077,229 in December 2019
Median Sale Price: up 12.8% to $1,037,722 in December 2020 versus $925,000 in December 2019
Median % Of List Price Received: up 1.5% to 97.5% in December 2020 versus 96.1% in December 2019
Want to know what this would mean for your family if you decide to buy or sell a Charlotte region luxury home?