For Week Ending March 5, 2022 (Data current as of March 14, 2022)
The U.S. median listing price rose 12.9% year-over-year to a new high of $392,000 in February, exceeding the previous peak set in July 2021, according to Realtor.com’s Monthly Housing Trends Report. Despite rising sales prices, homes are disappearing in record time, with the typical U.S. home selling more than two weeks faster last month compared to the same period last year, and more than a month faster compared to February 2017 – 2019.
In the Charlotte region, for the week ending March 5:
- New Listings decreased 16.2% to 1,202
- Pending Sales decreased 15.4% to 1,146
- Inventory decreased 41.1% to 2,446
For the month of February:
- Median Sales Price increased 22.3% to $360,900
- List to Close decreased 11.2% to 79
- Percent of Original List Price Received increased 1.4% to 100.7%
- Months Supply of Homes for Sale decreased 44.4% to 0.5
Most Prevalent Mortgage Rates for Top Tier Buyers:
- 30 Year Fixed – 4.000% – 4.375%
- 15 Year Fixed – 3.500% – 3.999%
- FHA/VA/USDA – 3.875% – 4.250%
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 March 14, 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.