Charlotte Region market update 03.2023

[Kai Kopsch]

With spring coming, we have more buyer demand, and I have seen multiple offer situations first time in six months. 

New Listings were down in the Charlotte region by 18.3 percent to 3,417. Pending Sales decreased 8.3 percent to 3,851. Inventory grew 70.5 percent to 4,717. Prices moved lower as Median Sales Price was down 1.9 percent to $353,550. Months Supply of Homes for Sale was up 100.0 percent to 1.2. (what is still low) indicating that supply increased relative to demand. With buyer demand down from peak levels, home price growth has slowed nationwide, although prices remain up from a year ago.  Sellers have been increasingly cutting prices and offering sales incentives to attract buyers, who have continued to struggle with affordability challenges. 

send me a PM if you like market updates on specific areas in CLT