CHARLOTTE REGION HOUSING MARKET SNAPSHOT: MARCH 2022

 

Wondering how the Charlotte Region’s housing market performed in March 2022? Here’s the March 2022 Charlotte housing market snapshot.

Charlotte Region’s real estate market in March 2022 saw home sales drop 10.2% year-over-year and home prices increase 15.6%, on average.

Lack of inventory limited sales momentum with demand for homes continuing to outpace the supply of homes. Year-over-year, days on market dropped 20% in March 2022 to just 20 days.

The months supply of homes and overall inventory were also down significantly year-over-year. All this kept the Charlotte region a home seller’s market in March 2022 with home affordability decreasing 16.3% year-over-year and 16.8% year-to-date. MORE INFORMATION ON THE CHARLOTTE REGION’S HOUSING MARKET IN MARCH 2022.

 

CHARLOTTE REGION HOUSING MARKET SNAPSHOT FOR MARCH 2022

 

 

 

 

 CHARLOTTE’S BALLANTYNE AREA HOUSING MARKET: MARCH 2022?

 

The Ballantyne area remained a home seller’s market in March 2022. Months supply of inventory was down 33.3% compared with March 2021 with just a 0.4 months supply of homes. Housing inventory was down 37.5% year-over-year, resulting in fewer days on market, higher home prices, and sellers receiving a median 105.3% of list price in sale price. Ballantyne area’s inventory is at historic lows, resulting in lower closed and pending sales. MORE INFORMATION ON THE BALLANTYNE AREA MARCH 2002 HOUSING MARKET.

 

 

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 WAXHAW | WEDDINGTON| MARVIN HOUSING MARKET: MARCH 2022?

 

The Waxhaw | Weddington | Marvin housing market remained a home seller’s market in March 2022 with continued significant decreases in inventory and new construction. With 53.4% less inventory year-over-year and continued buyer demand, days on market were down, while average home prices rose 25.5%. Both closed and pending sales were down due to the lack of inventory and new listings. MORE INFORMATION ON THE WAXHAW AREA MARCH 2022 HOUSING MARKET.

 

 

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MATTHEWS, NC HOUSING MARKET: MARCH 2022?

 

Matthews (28105 zip code) housing market remained a home seller’s market in March 2022. Matthews homes sold as quickly as they came on the market. Lack of inventory increased average and median home prices by double digits and negatively impacted closed sales. Sellers received 103% of list price in final sales price. MORE INFORMATION ON THE MARCH 2022 MATTHEWS HOUSING MARKET.

 

 

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 INDIAN TRAIL, NC HOUSING MARKET: MARCH 2022?

 

Indian Trail area (28079 zip code) firmly remained a home seller’s market in March 2022 with both average and median home sale prices increasing 39.5% and 34.4%, respectively over March 2021. Pending sales were up. Closed sales were flat despite an increase in new listings. Inventory was down 24% year-over-year, also despite an increase in new listings. Home sellers saw 101.2% of list price in final sale price in March. MORE INFORMATION ON THE MARCH 2022 INDIAN TRAIL NC HOUSING MARKET.

 

 

 

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 INDIAN LAND, SC HOUSING MARKET: MARCH 2022?

 

Indian Land, South Carolina (29707 zip code) housing market remained a seller’s market in March 2022. Home prices increased and homes sold quickly with average and median days on market significantly lower year-over-year. The months supply of homes was critically low at 0.6 months. Inventory dropped 43.8% year-over-year. New construction sales, long a staple of Indian Land real estate, have almost dried up. Closed and pending sales were both down year-over-year, as a result. MORE INFORMATION ON THE MARCH 2022 INDIAN LAND SC HOUSING MARKET.

 

 

 

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FORT MILL, SC HOUSING MARKET: MARCH 2022?

 

Fort Mill’s housing market (29715 and 29708 zip codes) remained a home seller’s market in March 2022. Lower inventory and months supply of housing, higher sale prices, higher list to sale price ratios, fewer sales all characterized the Fort Mill seller’s market in March. Buyer demand for homes in Fort Mill has not abated despite the lack of inventory. We saw just two weeks of housing inventory in Fort Mill in March. Sellers received 102+% of list price in final sale price. MORE INFORMATION ON THE MARCH 2022 HOUSING MARKET IN FORT MILL, SC.

 

 

 

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TEGA CAY, SC HOUSING MARKET: MARCH 2022

 

Tega Cay, South Carolina remained a home seller’s market in March 2022. Tega Cay’s housing market experienced significantly lower inventory levels, which dropped more than 78%. The months supply of inventory was just 0.3 months. Buyer demand for Tega Cay homes continued to outstrip supply of homes increasing home prices. Buyer demand and lack of supply of homes showed no signs of easing up in Tega Cay in the month of March. MORE INFORMATION ON THE TEGA CAY, SC HOUSING MARKET IN MARKET IN MARCH 2022.

 

 

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Want to know what this would mean for your family if you decide to buy or sell a Charlotte Region home?

 

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Call us today at 704-779-0813 or contact us here.

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