June 2024 Real Estate Market Report
Provided by Rachel Brumfield, Allen Tate Corporate Services
The Charlotte Region June 2024 Market Report just came online. Here is what you should know.
The market is slowly adjusting, with June closing out with a 2.3-month supply of inventory, which is a little more than a 43% increase from the same time last year.
Amidst the growing concerns about the cost of housing and a shortage of housing as well as the lack of affordable housing that are plaguing pretty much the entire United States, the average sales price of homes in the Charlotte Region is $523,813, up by 7.9% from the same period last year. Housing costs are not expected to drop, but housing appreciation has slightly slowed.
The market has calmed a bit due to current interest rates, but days from list to close have dropped by 4.9%, which still reflects the seller’s market that we have maintained for several years at this point.
See the full report…June 2024 Market Report
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