| Below is your local market weekly update including all data from June 2021 from the Canopy MLS System. |
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Summer’s here and buyers continue to flood the market in search of their next home, with rock bottom inventory and record high sales prices reported throughout much of the country. Although closed sales were down nationally, overall demand for housing remains high, in part due to attractively low interest rates, offering buyers some relief and affordability in a fiercely competitive market. For the 12-month period spanning July 2020 through June 2021, Pending Sales in the Charlotte region were up 14.2 percent overall. The price range with the largest gain in sales was the $300,001 and Above range, where they increased 42.4 percent.
The overall Median Sales Price was up 13.2 percent to $300,000. The property type with the largest price gain was the Single-Family segment, where prices increased 13.8 percent to $312,000. The price range that tended to sell the quickest was the $150,001 to $200,000 range at 17 days; the price range that tended to sell the slowest was the $100,000 and Below range at 37 days.
Market-wide, inventory levels were down 51.8 percent. The property type that lost the least inventory was the Condo-Townhome segment, where it decreased 42.4 percent. That amounts to 0.7 months supply for Single-Family homes and 0.8 months supply for Condos-Townhomes. |
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