The start of the 2022 Charlotte real estate market picked up right where 2021 left off. High demand with insufficient housing supply created a competitive environment of fast-moving sales and climbing sales prices in January. We saw more clients starting the search process early and not waiting until spring to act to find a property before projected 2022 mortgage rate increases. Based on these early indicators, it’s no surprise that Charlotte was named one of the top 5 hottest housing markets in the U.S. this year! Here are the key monthly indicators for January 2022 at-a-glance:
New Listings
3,892 new listings hit the market in January 2022, a -12.9% change year-over-year.
Average List Price
The average list price in the greater Charlotte market was $425,970, a +14.7% change year-over-year.
Average Sales Price
The average list price in the greater Charlotte market was $393,550, a +15.8% change year-over-year.
Days on Market
January 2022 saw an average of 23 days on market until a sale, a -14.8% change year-over-year.
Inventory of Homes for Sale
2,546 available properties for sale at the close of January 2022, a -43.9% 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.
