Charlotte Region Weekly Market Report Week Ending April 23, 2022

For Week Ending April 23, 2022 (Data current as of May 2, 2022)

Home sales prices continue to reach new heights, and record gains in equity are motivating an increasing number of sellers to put their homes up for sale, according to Homelight’s 2022 Buyer and Seller Insights Report. With multiple offers common in many markets, many homeowners have high expectations when it comes to the sale of their home. More than 40% of sellers believe their home will sell for more than asking price, and about half of those surveyed expect to retain 30% or more of the sale price as a profit.

Charlotte region

In the Charlotte region, for the week ending April 23:

  • New Listings increased 5.9% to 1,329
  • Pending Sales decreased 18.3% to 1,024
  • Inventory decreased 29.3% to 2,824

For the month of March:

  • Median Sales Price increased 20.2% to $368,950
  • List to Close decreased 2.5% to 77
  • Percent of Original List Price Received increased 1.8% to 101.9%
  • Months Supply of Homes for Sale decreased 25.0% to 0.6

Most Prevalent Mortgage Rates for Top Tier Buyers:

  • 30 Year Fixed – 5.375% – 5.875%
  • 15 Year Fixed – 4.500% – 4.999%
  • FHA/VA/USDA – 5.125% – 5.750%

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 May 2, 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.

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