Charlotte Region Real Estate: September 2022

2023-08-30T11:50:35-04:00October 21, 2022|Categories: Buying a Home, Housing Market Reports/Updates, NC Region, Owning A Home, Selling a Home|Tags: , , , , , , , , , , |

Charlotte Region real estate in September 2022 saw home sales drop 20.8% year-over-year, while home prices increased 16.1%, on average. Sales dropped for an ninth consecutive month due to higher home prices, increasing interest rates, and fewer new listings. Homes sold in 22 days, on average. The months supply of homes, while increasing, stood at 1.6 months, keeping Charlotte in "home seller territory," despite an increase in inventory overall. Home affordability is suffering.