Charlotte Region Real Estate Report: October 2021

2021-11-13T11:16:14-04:00November 13, 2021|Categories: Buying a Home, Housing Market Reports/Updates, NC Region, Owning A Home, Selling a Home|Tags: , , , , , , , , , , , , , , |

Charlotte Region real estate market in October 2021 saw home sales decrease 5.3% year-over-year and home prices increase 9.7% on average. Lack of inventory is limiting sales momentum with demand for homes outpacing supply of homes. Year-over-year, days on market dropped 34.6% in October 2021. The months supply of homes and overall inventory were also down year-over-year. All this kept the Charlotte region a home seller's market in October 2021 with home affordability decreasing 12.9% year-to-date.