For Week Ending December 25, 2021 (Data current as of January 3, 2022)
Home prices soared to new heights in 2021 and homebuyers are having to borrow more to afford their home purchase as a result, with the average home loan reaching $414,115 as of last measure, according to The Mortgage Bankers Association. As prices and loan amounts increase, borrowers have to come up with additional funds for down payments, forcing some to dip into their savings, take on second jobs, or borrow money from friends or family to remain competitive and afford the increasing costs of homeownership in the current market.
In the Charlotte region, for the week ending December 25:
- New Listings increased 5.3% to 499
- Pending Sales increased 28.4% to 764
- Inventory decreased 34.7% to 3,6008
For the month of November:
- Median Sales Price increased 21.4% to $352,058
- List to Close decreased 3.8% to 75
- Percent of Original List Price Received increased 1.3% to 100.2%
- Months Supply of Homes for Sale decreased 38.5% to 0.8
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 January 3, 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.