How s the Housing Market? | Charlotte Homes | August 2022
Charlotte Housing Market Snapshot – August 2022
In this short market update, Amanda Jarrell breaks down the latest numbers for the Greater Charlotte area. Pending contracts have cooled, listings are climbing, and inventory is finally starting to rebuild — but prices still need additional supply to stabilize.
Key Metrics at a Glance
| Metric | August 2022 | Year-Over-Year Change |
|---|---|---|
| Pending Sales | ⇩ 10 % | Lower Buyer Demand |
| New Listings | ⇧ 4 % | More Homes for Sale |
| Overall Inventory | Growing | Better Buyer Choice |
What This Means for Buyers
- Know your true budget. Factor todays higher mortgage rates into monthly payments and avoid shopping only at the top of your pre-approval.
- More selection is coming. Rising inventory gives you extra time to compare neighborhoods, amenities, and price points.
- Negotiation power is improving. Fewer bidding wars and the option to include contingencies (inspections, repairs, closing costs) are back on the table.
What This Means for Sellers
- Price to stand out. Buyers are payment-sensitive; an aggressive list price may push them toward lower-priced listings.
- Stage & market thoughtfully. Great photos, curb appeal, and competitive pricing will help your property outshine similar homes as supply grows.
- Be flexible on terms. Consider offering rate buydowns, closing-cost credits, or repairs to keep deals moving forward.
Big Takeaways for August 2022
Charlottes housing market is entering a healthier phase. Buyer demand is normalizing, inventory is rebuilding, and opportunities exist for both sides of the transaction. If youre thinking about making a move, partner with a local expert who can align the latest data with your personal goals.
