CLT December 2023 Update: Housing & Finance Edition Charlotte NC

[Kai Kopsch]

New Listings in the Charlotte region are up by 4.5%, which means it's time to pack your bags and move to this thriving metropolis! Pending Sales are on the rise too, increasing by 9.8%, because who doesn't love a good cliffhanger?

But wait, there's more! Inventory has shrunk by 15.2%, so now you can play a real-life game of hide and seek with your dream home. Median Sales Price took a chill pill and went down by 0.7%, but hey, at least you can still flex your negotiation skills.

Months Supply of Homes for Sale is down by 5.6%, because who needs a variety of options when you can have FOMO?

In the grand stage of the U.S. housing market, low inventory levels continue to be the ultimate party crasher, leaving aspiring buyers with fewer choices than a vegan at a BBQ.

With 1.13 million units for sale (which is a 1.7% drop from the previous month but a 0.9% rise from the same period last year), you might have to settle for a cardboard box or a cozy cave. But hey, at least you'll have a 3.5 months' supply at the current sales pace!

So, buckle up and get ready for a wild ride in the world of real estate, where prices are high, and your sense of humor is the only thing keeping you from going insane. Happy house hunting!