The current market is being shaped by a spike in mortgage rates, increased building costs, and extremely low inventory that continues to drive prices higher in the Charlotte Region. For the 12- month period spanning June 2021 through May 2022, Pending Sales in the Charlotte region were down 3.8 percent overall. The price range with the largest gain in sales was the $300,001 and Above range, where they increased 20.2 percent.
For a deeper look at the housing market and beyond, I highly recomend reading this FORBES article titled: Will the Housing Market Crash? I think it does a great job explaining the current situation across the country.
Search all available homes on the MLS in the Charlotte Region at www.CLTREA.com. If you see anything you would like to see in person, I would be thrilled to help.