For Week Ending November 19, 2022 (Data current as of Nov. 28, 2022)
Weekly market activity data and reports are provided by ShowingTime, and updated on Mondays by 2:00 pm, once received. Exceptions are on Monday holidays, when data/reports are not available until the following day.
Housing supply continues to grow nationwide, as higher borrowing costs cause home sales to slow. According to Realtor.com’s Monthly Housing Market Trends Report, the national inventory of active listings increased 33.5% year-over-year in October, the highest inventory level since 2020. As a result, local buyers may find they have more options to choose from, and with homes spending more days on market compared to the same period last year, a bit more time to shop around as well.
Charlotte Region
In the Charlotte region, for the week ending November 19:
- New Listings decreased 34.5% to 759
- Pending Sales decreased 34.2% to 747
- Inventory increased 49.7% to 7,784
For the month of October:
- Median Sales Price increased 13.4% to $380,000
- List to Close increased 16.7% to 84
- Percent of Original List Price Received decreased 4.0% to 96.5%
- Months Supply of Homes for Sale increased 72.7% to 1.9
