For Week Ending April 2, 2022 (Data current as of April 11, 2022)
The median national home price recently hit a new all-time high of $405,000 in March, a 13.5% increase annually, according to Realtor.com’s latest Monthly Housing Trends Report. As home prices continue to rise, the share of homes experiencing price reductions has also grown, with 25 of the 50 largest metro areas reporting an increase in price reductions last month, up from 18 in February, which may be an early sign the housing market is moderating somewhat.
In the Charlotte region, for the week ending April 2:
- New Listings increased 1.9% to 1,267
- Pending Sales decreased 10.5% to 1,136
- Inventory decreased 36.6% to 2,599
For the month of March:
- Median Sales Price increased 20.5% to $369,780
- List to Close decreased 2.5% to 77
- Percentage of Original List Price Received increased from 1.8% to 101.9%
- Months Supply of Homes for Sale decreased 37.5% to 0.5
Most Prevalent Mortgage Rates for Top Tier Buyers:
- 30 Year Fixed – 4.875% – 5.250%
- 15 Year Fixed – 4.375% – 4.875%
- FHA/VA/USDA – 4.750% – 5.000%
You’ve worked hard for what you’ve earned, and you’re right to want the best experience. With ROI-based updates, highly targeted pre-listing marketing, and a systematized approach, you can rest easy knowing you are in good hands.
If you are thinking about selling your home in the next 6 months, call me today for your strategic marketing consultation. 708.995.7444
Local Data and content were obtained from CanopyMLS and Current as of April 11, 2022. Data is refreshed regularly to capture changes in the market activity. The Charlotte Region Report includes Alexander, Anson, Cabarrus, Catawba, Cleveland, Gaston, Iredell, Lincoln, Mecklenburg, Rowan, Stanley, and Union Counties in North Carolina and Chester, Chesterfield, Lancaster, and York Counties in South Carolina.