For Week Ending January 15, 2022 (Data current as of January 24, 2022)
As the U.S. economy recovers from the pandemic, the number of homeowners in forbearance continues to decline, with the total number of loans in forbearance falling to 1.41% as of last measure, making it the first time in 18 months the rate has dropped below 1.5%, according to the Mortgage Bankers Association.
In the Charlotte region, for the week ending January 15:
- New Listings decreased 9.4% to 1,011
- Pending Sales increased 14.7% to 1,222
- Inventory decreased 38.4% to 3,067
For the month of December:
- Median Sales Price increased 19.7% to $349,238
- List to Close decreased 10.7% to 75
- Percent of Original List Price Received increased 1.3% to 100.2%
- Months Supply of Homes for Sale decreased 36.4% to 0.7
Most Prevalent Mortgage Rates for Top Tier Buyers:
- 30 Year Fixed – 3.500% – 3.750%
- 15 Year Fixed – 2.990% – 3.250%
- FHA/VA/USDA – 3.500% – 3.750%
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 January 24, 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.