Charlotte Real Estate: August 2023

2023-09-16T15:38:07-04:00September 16, 2023|Categories: Buying a Home, Housing Market Reports/Updates, NC Region, Owning A Home|Tags: , , , , , , , , , , , |

Charlotte real estate in July 2023 saw home sales decline 20.7% year-over-year to their lowest level in 10 years. Home prices increased 4%, on average. July saw the first increase in year-over-year median price since January 2023. Higher home prices, increasing interest rates, fewer new listings and less inventory are clearly impacting sales. Homes sold in 29 days. New listings declined 30.2% putting pressure on inventory, which decreased 30% year-over-year. The months supply of homes remained low at 1.4 months, decreasing for the first time in one year and keeping Charlotte in "home seller territory." Home affordability continues to suffer.

Charlotte Real Estate: July 2023

2023-08-30T11:48:57-04:00August 24, 2023|Categories: Buying a Home, Housing Market Reports/Updates, NC Region, Owning A Home|Tags: , , , , , , , , , , , |

Charlotte real estate in July 2023 saw home sales decline 20.7% year-over-year to their lowest level in 10 years. Home prices increased 4%, on average. July saw the first increase in year-over-year median price since January 2023. Higher home prices, increasing interest rates, fewer new listings and less inventory are clearly impacting sales. Homes sold in 29 days. New listings declined 30.2% putting pressure on inventory, which decreased 30% year-over-year. The months supply of homes remained low at 1.4 months, decreasing for the first time in one year and keeping Charlotte in "home seller territory." Home affordability continues to suffer.

Charlotte Real Estate: June 2023

2023-08-30T11:49:08-04:00July 19, 2023|Categories: Buying a Home, Housing Market Reports/Updates, NC Region, Owning A Home|Tags: , , , , , , , , , , , |

Charlotte real estate in June 2023 saw home sales decline 22.1% year-over-year, while home prices increased 2.5%, on average. Higher home prices, increasing interest rates, and fewer new listings and less inventory are clearly impacting sales. Homes sold in 29 days, on average, down 5 days from the previous month. New listings declined putting pressure on inventory, which decreased 17.2% year-over-year. The months supply of homes remained low at 1.4 months, keeping Charlotte in "home seller territory." Home affordability continues to suffer.

Charlotte Real Estate: May 2023

2023-08-30T11:49:19-04:00June 21, 2023|Categories: Buying a Home, Housing Market Reports/Updates, NC Region, Owning A Home|Tags: , , , , , , , , , , , |

Charlotte real estate in May 2023 saw home sales decline 16.6% year-over-year, while home prices increased 4.6%, on average. Sales dropped for a 17th consecutive month due to higher home prices, increasing interest rates, and fewer new listings. Homes sold in 34 days, on average, down 5 days from the previous month. New listings declined putting pressure on inventory. The months supply of homes, while increasing, remained low at 1.3 months, keeping Charlotte in "home seller territory." Home affordability continues to suffer.

Charlotte Real Estate: April 2023

2023-08-30T11:49:27-04:00May 30, 2023|Categories: Buying a Home, Housing Market Reports/Updates, NC Region, Owning A Home|Tags: , , , , , , , , , , , |

Charlotte real estate in April 2023 saw home sales decline 21.8% year-over-year, while home prices increased 2.6%, on average. Sales dropped for a 16th consecutive month due to higher home prices, increasing interest rates, and fewer new listings. Homes sold in 39 days, on average, down nine days from the previous month. New listings declined putting pressure on inventory. The months supply of homes, while increasing, remained low at 1.3 months, keeping Charlotte in "home seller territory." Home affordability continues to suffer.

Charlotte Real Estate: March 2023

2023-08-30T11:49:28-04:00May 30, 2023|Categories: Buying a Home, Housing Market Reports/Updates, NC Region, Owning A Home|Tags: , , , , , , , , , , , |

Charlotte real estate in March 2023 saw home sales decline 18.5% year-over-year, while home prices increased 3.1%, on average. Sales dropped for a 15th consecutive month due to higher home prices, increasing interest rates, and fewer new listings. Homes sold in 48 days, on average. The months supply of homes, while increasing, remained low at 1.3 months, keeping Charlotte in "home seller territory." Home affordability continues to suffer.

Charlotte Real Estate: February 2023

2023-08-30T11:49:41-04:00March 26, 2023|Categories: Buying a Home, Housing Market Reports/Updates, NC Region, Owning A Home|Tags: , , , , , , , , , , , |

Charlotte real estate in February 2023 saw home sales drop 27.8% year-over-year, while home prices increased 3.7%, on average. Sales dropped for a 14th consecutive month due to higher home prices, increasing interest rates, and fewer new listings. Homes sold in 48 days, on average. The months supply of homes, while increasing, remained low at 1.2 months, keeping Charlotte in "home seller territory." Home affordability continues to suffer.

Charlotte Real Estate: January 2023

2023-08-30T11:49:53-04:00February 24, 2023|Categories: Buying a Home, Housing Market Reports/Updates, NC Region, Owning A Home, Selling a Home|Tags: , , , , , , , , , , , |

Charlotte real estate in January 2023 saw home sales drop 37.9% year-over-year, while home prices increased 6.2%, on average. Sales dropped for a 13th consecutive month due to higher home prices, increasing interest rates, and fewer new listings. Homes sold in 46 days, on average. The months supply of homes, while increasing, remained below two months at 1.5 months, keeping Charlotte in "home seller territory." Home affordability continues to suffer.

Charlotte Region Real Estate: December 2022

2023-08-30T11:50:01-04:00January 27, 2023|Categories: Buying a Home, Housing Market Reports/Updates, NC Region, Owning A Home, Selling a Home|Tags: , , , , , , , , , , |

Charlotte Region real estate in December 2022 saw home sales drop 37.7% year-over-year, while home prices increased 7.3%, on average. Sales dropped for a 12th consecutive month due to higher home prices, increasing interest rates, and fewer new listings. Homes sold in 41 days, on average. The months supply of homes, while increasing, remained below two months at 1.6 months, keeping Charlotte in "home seller territory." Home affordability continues to suffer.

Charlotte Region Real Estate: November 2022

2023-08-30T11:50:13-04:00December 25, 2022|Categories: Buying a Home, Housing Market Reports/Updates, NC Region, Owning A Home, Selling a Home|Tags: , , , , , , , , , , |

Charlotte Region real estate in November 2022 saw home sales drop 35.9% year-over-year, while home prices increased 8.6%, on average. Sales dropped for an 11th consecutive month due to higher home prices, increasing interest rates, and fewer new listings. Homes sold in 34 days, on average. The months supply of homes, while increasing, remained below two months, keeping Charlotte in "home seller territory." Home affordability is suffering.

Go to Top