It’s still early in the year to predict how hot the Charlotte market will be in 2022, but early indicators as we slide into our peak spring home sales period continue to show fierce buyer competition and insufficient housing supply, especially for first-time homebuyers and lower price points. This strained environment is resulting in fast-paced sales, multiple offers, and soaring sales prices. Here are the key monthly indicators for February 2022 at-a-glance:
New Listings
4,088 new listings hit the market in February 2022, a -11.8% change year-over-year.
Closed Sales
3,626 properties closed in February 2022, a -1.6% change year-over-year.
Average List Price
The average list price in the greater Charlotte market was $437,216, a +15.2% change year-over-year.
Average Sales Price
The average final sales price in the greater Charlotte market was $407,812, a +19.6% change year-over-year.
Days on Market
February 2022 saw an average of 23 days on market until a sale, a -28.1% change year-over-year.
Inventory of Homes for Sale
2,283 available properties for sale at the close of February 2022, a -45.9% change year-over-year.
As always, our team is here to help you make sense of the housing market, answer any questions you have, or give guidance on any of your real estate needs. We are honored to be your trusted real estate advisors. Please don’t hesitate to reach out anytime.
Charlotte Skyline Photo by The 5 and 2 Project.
