Charlotte Region Weekly Market Report Week Ending April 9, 2022

For Week Ending April 9, 2022 (Data current as of April 18, 2022)

Rising mortgage interest rates are taking a toll on borrowers, having increased more than 1.5 points since the beginning of the year, the fastest three-month rate increase since 1994, according to Freddie Mac. The recent surge in mortgage rates has caused a decline in mortgage demand, with the Mortgage Bankers Association (MBA) reporting the Refinance Index is down 62% compared to a year ago, while the unadjusted Purchase Index is 6% lower compared to this time last year.

Charlotte region

In the Charlotte region, for the week ending April 9:

  • New Listings decreased 0.2% to 1,332
  • Pending Sales increased 6.2% to 1,234
  • Inventory decreased 35.0% to 2,639

For the month of March:

  • Median Sales Price increased 20.4% to $369,236
  • 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 25.0% to 0.6

Most Prevalent Mortgage Rates for Top Tier Buyers:

  • 30 Year Fixed – 4.999% – 5.250%
  • 15 Year Fixed – 4.500% – 4.875%
  • FHA/VA/USDA – 4.875% – 5.125%

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 18, 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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