Charlotte Region Weekly Market Report Week Ending November 27, 2021

For Week Ending November 27, 2021 (Data current as of December 6, 2021)

With showings, contract signings, and closed sales remaining strong throughout fall, experts are expecting an especially busy housing market this winter, as buyers rush to beat rising rental prices and anticipated increases in mortgage rates. Total existing home sales will top 6 million in 2021, the highest level in 15 years, according to the National Association of REALTORS®, who predicts home prices will continue to increase in 2022, albeit at a gentler rate compared to the record-setting pace of this year.

Charlotte region

In the Charlotte region, for the week ending November 27:

  • New Listings decreased 18.5% to 617
  • Pending Sales increased 6.8% to 926
  • Inventory decreased 33.1% to 4,040

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 – 2.375% – 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 December 6, 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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