INFORMATION ON THE CHARLOTTE REGION REAL ESTATE MARKET PROVIDED BY THE CANOPY REALTOR ASSOCIATION.
New data shows in Charlotte, home sales are down, but there's a lot MORE inventory when compared to October 2021.
At the same time, sales prices continue to see an increase across our market.
WHAT DOES THIS MEAN?
Charlotte is not immune to the national housing inventory setback. The limited supply compared to the increased demand will continue the trend of rising sales prices year-over-year. As mortgage rates continue to rise, however, the Charlotte real estate market will likely see a move towards turning from a Seller’s market to a Neutral market in the months to come. Not sure if and when the Buyer’s market will arrive but it is a positive sign to see market inventory continue to rise and give more options to buyers in the market.
Contact our team of experienced agents and market experts at Charlotte Living Realty today for more in-depth information about the best opportunities in Charlotte real estate market.