
CHARLOTTE NC REAL ESTATE MARKET UPDATE - AUGUST 21, 2022 The Charlotte housing market, like the broader US housing market, continued to cool last month, as rising mortgage rates and prices continue to challenge affordability. Many first-time home-buyers have been priced-out of the market in our 16-county region. Sales declined 21.5% year-over-year, as 4,252 homes sold last month, compared to the over 5,400 homes that sold in July, 2021. This marks the 3rd month of declines, at a time of year when home-buying activity is typically wrapping up its strongest season. Sales were down … Continue reading...