Is Charlotte Shifting to a Buyer’s Market?
National headlines are buzzing about a real estate slowdown. Existing home sales dropped 4.9% from December to January, hitting a 15-year low. Some say a buyer’s market is on the horizon.
But real estate is local—and Charlotte tells a different story.
Charlotte’s Market Stays Strong
While the national market cools, Charlotte is heating up:
- Home sales rose 2.2% in January, marking the third straight month of growth.
- Sales are up 9.3% year-over-year, driven by homes $500K+.
- New listings jumped 11.3%, boosting inventory by 32.7%—yet prices still climbed 2.7%.
Buyers may have more choices, but demand remains fierce.
CLT Luxury Market on Fire
High-end homes are selling fast:
- Sales of $1M+ homes surged 35.2% in January.
- The average price jumped 11.4% to $1.8M.
- Homes spent an average of 55 days on market—a sign of strong demand.
Charlotte’s Home Values: A Pandemic Powerhouse
Zillow’s latest report confirms Charlotte’s real estate strength. Since February 2020, home values here have soared 58.2%—one of the highest increase in the country. That’s double the typical growth rate.
What This Means for You
While the national market is slowing, Charlotte remains strong. More homes are hitting the market, creating opportunities—but demand is still driving prices up.
So, is it a buyer’s market? Not quite.
But with the right strategy, buyers can find success. We have helped clients navigate all types of markets in our 20+ years, leveraging our deep neighborhood knowledge and strong agent relationships to craft winning offers. If you’re ready to explore your options, let’s talk!
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