Charlotte Region Weekly Market Report Week Ending November 20, 2021

For Week Ending November 20, 2021 (Data current as of November 29, 2021)

Consumer credit scores have risen since the beginning of the pandemic, according to FICO CEO William Lansing in a recent interview with MarketWatch. The average score across all segments rose eight points to 716, while consumers with scores below 600 saw a larger average increase, rising from 581 in April 2020 to 601 today. Pandemic-related relief programs and a decrease in consumer spending early in the pandemic are likely contributors to the improvement in scores. Higher credit scores can offer home buyers more loan options as well as lower interest rates, which can increase affordability and purchasing power.

Charlotte region

In the Charlotte region, for the week ending November 20:

  • New Listings increased 11.3% to 1,145
  • Pending Sales increased 19.4% to 1,244
  • Inventory decreased 34.1% to 4,053

For the month of October:

  • Median Sales Price increased 15.5% to $335,000
  • List to Close decreased 10.0% to 72
  • Percent of Original List Price Received increased 1.7% to 100.4%
  • Months Supply of Homes for Sale decreased 35.7% to 0.9

Most Prevalent Mortgage Rates for Top Tier Buyers:

  • 30 Year Fixed – 3.062% – 3.312%
  • 15 Year Fixed – 2.500% – 2.750%
  • FHA/VA/USDA – 3.000% – 3.250%

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 November 29, 2021. 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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